Daily Market Commentary for April 20, 2011

Tech Earnings Impress

Stocks rallied today as tech earnings impress investors. (Read more at http://www.millennium-traders.com/news/TechEarningsImpress.aspxMillennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index rose 5.3% at 467.5; Last Week 444.0; U.S. MBA Purchase Index rose 10.0% at 210.8; Last Week 191.7; U.S. MBA Refinance Index rose 2.7% at 1,975.2; Last Week 1,923.9.

Existing Home Sales:
U.S. March Median Existing Home Price fell 5.9% on Year to $159,600; U.S. Inventory of Unsold U.S. Homes at 8.4 Months Supply; U.S. March Existing Home Sales Consensus 5.00M Rate; U.S. March Existing Home Sales rose 3.7% to 5.10M Rate.

Crude Oil Inventories from DOE:
U.S. Crude Oil Stocks fell 2.322 Million Barrels at 356.969 Million Barrels; U.S. Crude Oil Stocks fell 2.322 Million Barrels in Week; was Seen increasing by 0.8 Million Barrels; U.S. Gasoline Stocks fell 1.583 Million Barrels at 208.096 Million Barrels; U.S. Gasoline Stocks fell 1.583 Million Barrels in Week; was Seen decreasing by 1.3 Million Barrels; U.S. Distillate Stocks fell 2.504 Million Barrels at 148.335 Million Barrels; U.S. Distillate Stocks fell 2.504 Million Barrels in Week; was Seen increasing by 0.1 Million Barrels; U.S. Refineries Ran at 82.5% versus 81.4% Week Ago; U.S. Refineries Ran at 82.5%; was Seen 82.30%.

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) triple digit gain 187.02 points, EOD 12,453.77
NYSE (New York Stock Exchange) triple digit gain 125.42, EOD 8,457.45
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 57.02 points, EOD 2,801.99
S&P 500 (SPX) gain 17.76 points, EOD 1,330.38
BEL 20 (BEL20) gain 32.86 points, EOD 2,725.31
CAC 40 (CAC40) gain 96.04 points, EOD 4,004.62
FTSE100 (UKX100) triple digit gain 125.39 points, EOD 6,022.26
NIKKEI 225 (NIK/O) triple digit gain 165.79 points, EOD 9,606.82

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,473, declined stock prices 610, unchanged stock prices 85, stock prices hitting new highs 190 and stock prices hitting new lows 21. 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: FCX gain 1.57, HOD 54.90, LOD 53.05, EOD 53.29; PII gain 18.62, HOD 115.83, LOD 105.48, EOD 109.80; SI gain 5.29, HOD 139.15, LOD 137.72, EOD 138.57; CF shed 1.90, HOD 136.64, LOD 132.07, EOD 132.99; VMW gain 11.95, HOD 98.85, LOD 92.00, EOD 97.92; MCP shed 2.70, HOD 74.90, LOD 71.15, EOD 71.26.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,033, declined stock prices 649, unchanged stock prices 99, stock prices hitting new highs 135 and stock prices hitting new lows 36. 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: CREE shed 1.26, HOD 40.50, LOD 38.88, EOD 39.55; SINA gain 0.03, HOD 145.73, LOD 140.10, EOD 142.43; BIDU shed 0.66, HOD 154.00, LOD 148.45, EOD 149.24; APKT gain 4.77, HOD 76.31, LOD 71.50, EOD 75.45.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 332, declined stock prices 148, unchanged stock prices 33, stock prices hitting new highs 22 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1327.00; Change 18.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,355.00; Change 44.00
E-mini DOW $5 (YM) Mar 10: EOD 12,402; Change 176
Nikkei 225 (Yen) Mar 10: EOD 9685; Change 185

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6893 to U.S. Dollars 1.45
Japanese Yen 82.4050 to U.S. Dollars 0.0121
British Pound 0.6098 to U.S. Dollars 1.6400
Canadian Dollar 0.9536 to U.S. Dollars 1.05
Swiss Franc 0.8886 to U.S. Dollars 1.13

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 11) gain $3.17, EOD $111.45 per barrel ($US per barrel)
Heating Oil (May 11) gain $0.06, EOD $3.22 a gallon ($US per gallon)
Natural Gas (May 11) gain $0.04, EOD $4.1431per million BTU ($US per mmbtu.)
Unleaded Gas (May 11) gain $0.04, EOD $3.28 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 11) gain $3.80, EOD $1,498.90 ($US per Troy ounce)
Silver (May 11) gain $0.54, EOD $44.46 ($US per Troy ounce)
Platinum (July 11) shed $31.50, EOD $1,802.80 ($US per Troy ounce)
Copper (May 11) gain $0.11, EOD $4.34 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) shed $0.52, EOD $101.50
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) shed $0.57, EOD $116.60
Feeder Cattle (August 11) gain $0.27, EOD $138.50

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 11) shed $16.50, EOD $740.50
Soybeans (November 11) gain $12.00, EOD $1,366.00

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