Daily Market Commentary for January 20, 2011

Data

It was a busy day for data; investors were given reports on the labor and housing markets. (Read more at Millennium-Traders.Com)

Economic data released today:

Initial Jobless Claims:
U.S. January 8 Week Jobless Claims Revised to 441K from 445K; U.S. Jobless Claims fell 37K to 404K in Week of January 15; Compared to Survey of a decrease by 25K.

Continuing Jobless Claims:
U.S. January 8 Week Continuing Claims fell 26K to 3,861,000.

Existing Home Sales:
U.S. Existing Home Sales Down 4.8% in '10, Worst Year Since '97; U.S. December Median Existing Home Price fell 1.0% on Year to $168,800; U.S. Inventory of Unsold U.S. Homes at 8.1 Months Supply; U.S. December Existing Home Sales Consensus 4.9M Rate; U.S. December Existing Home Sales rose 12.3% to 5.28M Rate.

Philadelphia Fed Manufacturing Index:
Philadelphia Fed January Inventories 6.8 versus December decrease by 5.9; Philadelphia Fed January Delivery Times 2.3 versus December 7.0; Philadelphia Fed January Shipments 13.4 versus December 5.2; Philadelphia Fed January New Orders 23.6 versus December 10.6; Philadelphia Fed January Employment 17.6 versus December 4.3; Philadelphia Fed January Price Received 17.1 versus December 9.4; Philadelphia Fed January Business Index Expected 19.5.

Leading Index (MoM):
U.S. Conference Board: December Lagging Index rose 0.3%; U.S. Conference Board: December Coincident Index rose 0.2%; U.S. Conference Board: December Leading Index rose 1.0%.

Crude Oil Inventories released by DOE:
U.S. Refineries Ran at 83.0% Capacity ; Was Seen at 85.70% Capacity; U.S. Refineries Ran at 83.0% Capacity versus 86.4% Capacity a Week Ago; U.S. Distillate Stockpiles rose 1.038 Million Barrels in Week; Was Seen increasing by 0.5 Million Barrels; U.S. Distillate Stockpiles rose 1.038 Million Barrels at 165.797 Million Barrels; U.S. Gasoline Stockpiles rose 4.443 Million Barrels in Week; Was Seen increasing by 2.3 Million Barrels; U.S. Gasoline Stockpiles rose 4.443 Million Barrels at 227.67 Million Barrels; U.S. Crude Oil Stockpiles rose 2.617 Million Barrels in Week; Was Seen decreasing by 0.9 Million Barrels; U.S. Crude Oil Stockpiles rose 2.617 Million Barrels at 335.729 Million Barrels.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 1.06 points, EOD 11,824.23
NYSE (New York Stock Exchange) shed 32.50, EOD 8,072.42
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 21.72 points, EOD 2,703.64
S&P 500 (SPX) shed 2.31 points, EOD 1,279.61
BEL 20 (BEL20) shed 14.54 points, EOD 2,626.24
CAC 40 (CAC40) shed 11.87 points, EOD 3,964.84
FTSE100 (UKX100) shed 108.79 points, EOD 5,867.91
NIKKEI 225 (NIK/O) shed 119.79 points, EOD 10,437.31

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,173, declined stock prices 1,889, unchanged stock prices 90, stock prices hitting new highs 47 and stock prices hitting new lows 29. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AGQ shed 11.31, HOD 128.24, LOD 123.80, EOD 124.82; CRM shed 9.28, HOD 135.71, LOD 129.00, EOD 131.56; AIG gain 0.52, HOD 46.00, LOD 43.19, EOD 43.26

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 767, declined stock prices 1,918, unchanged stock prices 88, stock prices hitting new highs 39 and stock prices hitting new lows 29. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MNKD shed 2.97, HOD 6.23, LOD 5.00, EOD 6.14; FFIV shed 29.39, HOD 114.28, LOD 106.10, EOD 109.46; AAPL shed 6.15, HOD 338.30, LOD 330.12, EOD 332.70.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 195, declined stock prices 291, unchanged stock prices 25, stock prices hitting new highs 7 and stock prices hitting new lows 10.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1275.00; Change -3.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,282.00; Change -12.50
E-mini DOW $5 (YM) Mar 10: EOD 11,754; Change -32
Nikkei 225 (Yen) Mar 10: EOD 10,475; Change 20

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7421 to U.S. Dollars 1.35
Japanese Yen 82.9650 to U.S. Dollars 0.0121
British Pound 0.6287 to U.S. Dollars 1.5900
Canadian Dollar 0.9972 to U.S. Dollars 1.00
Swiss Franc 0.9672 to U.S. Dollars 1.03

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (February 11) shed $2.00, EOD $88.86 per barrel ($US per barrel)
Heating Oil (February 11) shed $0.03, EOD $2.62 a gallon ($US per gallon)
Natural Gas (February 11) gain $0.13, EOD $4.70 per million BTU ($US per mmbtu.)
Unleaded Gas (February 11) shed $0.05, EOD $2.42 gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 11) shed $23.70, EOD $1,346.50 ($US per Troy ounce)
Silver (March 11) shed $1.32, EOD $27.47 ($US per Troy ounce)
Platinum (April 11) shed $19.50, EOD $1,818.60 ($US per Troy ounce)
Copper (March 11) shed $0.09, EOD $4.27 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 11) gain $0.45, EOD $86.85
Pork Bellies (February 11) unchanged, EOD $106.00
Live Cattle (April 11) gain $0.25, EOD $113.45
Feeder Cattle (March 11) shed $1.22, EOD $126.28

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) gain $12.75, EOD $654.00
Soybeans (March 11) gain $2.75, EOD $1,414.25

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