Daily Market Commentary for April 12, 2011

Alcoa Earnings Disappoint

Stocks were falling triple digits as Alcoa earnings disappoint and investors fear over the increased threat level in Japan. (Read more at http://www.millennium-traders.com/ne...isappoint.aspx )

Economic data released today:

Import Price Index:
February Exports $165.12B, -1.4%; Imports $210.88B, -1.7%; U.S. March Petroleum Import Prices rose 10.5%; U.S. March Import Prices rose 2.7%; Compared to Consensus of an increase by 2.1%; U.S. March Non-Petroleum Import Prices rose 0.3%.

Trade Balance:
U.S. Trade Deficit With China Shrinks 19.0% as Imports Fall; January Trade Balance Revised to Deficit $46.97B from Deficit $46.34B; U.S. Feb Trade Deficit $45.76B; Consensus Deficit $44.3B.

IBD/TIPP Economic Optimism:
U.S. April IBD/TIPP 6-Month Economic Outlook 38.8; U.S. April IBD/TIPP Economic Optimism Index 40.8 versus 43.0 in March.

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 117.53 points, EOD 12,263.58
NYSE (New York Stock Exchange) shed 52.40, EOD 8,413.05
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 26.82 points, EOD 2,744.69
S&P 500 (SPX) shed 9.66 points, EOD 1,314.80
BEL 20 (BEL20) shed 26.39 points, EOD 2,694.84
CAC 40 (CAC40) shed 62.10 points, EOD 3,976.60
FTSE100 (UKX100) shed 88.97 points, EOD 5,972.23
NIKKEI 225 (NIK/O) shed 164.44 points, EOD 9,555.26

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 807, declined stock prices 2,258, unchanged stock prices 94, stock prices hitting new highs 31 and stock prices hitting new lows 25. 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: CAT shed 2.39, HOD 109.02, LOD 106.34, EOD 106.88; CYH gain 5.35, HOD 31.47, LOD 28.00, EOD 31.24; MCP shed 0.59, HOD 71.94, LOD 67.81, EOD 71.29; CF shed 1.53, HOD 135.25, LOD 130.50, EOD 133.90; CRM shed 1.67, HOD 133.43, LOD 130.81, EOD 132.94; TYC gain 3.58, HOD 53.58, LOD 48.23, EOD 52.30.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 666, declined stock prices 2,006, unchanged stock prices 106, stock prices hitting new highs 29 and stock prices hitting new lows 46. 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: AAPL gain 1.01, HOD 333.73, LOD 330.20, EOD 333.81; NFLX gain 5.34, HOD 233.90, LOD 224.41, EOD 233.50; BIDU shed 4.98, HOD 145.28, LOD 140.08, EOD 140.70; STRA shed 6.83, HOD 142.29, LOD 133.80, EOD 134.02.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 149, declined stock prices 329, unchanged stock prices 31, stock prices hitting new highs 6 and stock prices hitting new lows 7.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1310.75; Change -8.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,292.25; Change -14.75
E-mini DOW $5 (YM) Mar 10: EOD 12,219; Change -102
Nikkei 225 (Yen) Mar 10: EOD 9515; Change -120

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6907 to U.S. Dollars 1.45
Japanese Yen 83.6550 to U.S. Dollars 0.0119
British Pound 0.6153 to U.S. Dollars 1.6300
Canadian Dollar 0.9628 to U.S. Dollars 1.04
Swiss Franc 0.8968 to U.S. Dollars 1.12

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (May 11) shed $3.67, EOD $106.25 per barrel ($US per barrel)
Heating Oil (May 11) shed $0.07, EOD $3.17 a gallon ($US per gallon)
Natural Gas (May 11) shed $0.01, EOD $4.10 per million BTU ($US per mmbtu.)
Unleaded Gas (May 11) shed $0.03, EOD $3.16 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 11) shed $14.50, EOD $1,453.60 ($US per Troy ounce)
Silver (May 11) shed $0.54, EOD $40.07 ($US per Troy ounce)
Platinum (July 11) shed $18.50, EOD $1,774.30 ($US per Troy ounce)
Copper (May 11) shed $0.07, EOD $4.38 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) shed $1.65, EOD $99.40
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) shed $1.25, EOD $115.65
Feeder Cattle (August 11) shed $2.25, EOD $135.38

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) shed $23.75, EOD $757.50
Soybeans (May 11) shed $36.00, EOD $1,344.25

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