Daily Market Commentary for April 27, 2011

Stocks Rise After Fed Announcement

Stocks rise after the Fed announcement as investors were pleased to hear the bond program will end as planned in June. (Read more at http://www.millennium-traders.com/news/StocksRiseAfterFedAnnouncement.aspxMillennium-Traders.Com)

Economic data released today:

Durable Goods Orders:
February Durable Goods Excluding Transportation Revised to +0.6% from -0.6%; February Durable Goods Orders Revised to +0.7% from -0.6%; March Durable Goods Orders, Excluding -Defense, rose 2.3%; March Durable Goods Orders, Excluding -Transportation, rose 1.3%; U.S. March Durable Goods Orders +2.5%; Consensus rose 2.4%.

Chicago Fed:
March Resources Output rose 0.9% Month on Month; rose 3.4% Year on Year; March Machinery Output rose 1.6% Month on Month; rose 17.1% Year on Year; March Steel Output rose 2.3% Month on Month; rose 19.7% Year on Year; March Regional Auto Output rose 4.7% Month on Month; rose 20.3% Year on Year; March Midwest Manufacturing Index rose 1.9% on Month; rose 12.5% on Year on Year.

Crude Oil Inventories from the DOE:
U.S. Refineries Ran at 82.7%; Was Seen at 83.30%; U.S. Refineries Ran at 82.7% versus 82.5% a Week Ago; U.S. Distillate Stocks fell 1.805 Million Barrels in Week; was Seen increasing by 0.2 Million Barrels; U.S. Distillate Stocks fell 1.805 Million Barrels at 146.53 Million Barrels; U.S. Gasoline Stocks fell 2.508 Million Barrels in Week; was Seen decreasing by 1.1 Million Barrels; U.S. Gasoline Stocks fell 2.508 Million Barrels at 205.588 Million Barrels; U.S. Crude Oil Stocks rose 6.156 Million Barrels in Week; was Seen increasing by 0.9 Million Barrels.

Interest Rate Decision:
Fed: Housing Market Remains `Depressed'; Household Spending, Business Investment Continue to Rise; Labor Market Improving Gradually, Unemployment Elevated; Will `Pay Close Attention' to Inflation, Expectations; Fed Expects Commodity Price Impact to be `Transitory'; Fed Notes Further Increase in Oil Prices since Last Meeting; Long-Term Inflation Expectations Remain Stable; Inflation has picked up, But Underlying Prices `Subdued'; Economic Recovery Proceeding at a `Moderate Pace'; Fed Funds to Stay Exceptionally Low for Extended Period; to Regularly Review Size, Composition of Asset Holdings; to Keep Reinvesting Proceeds from Maturing Securities; Fed Leaves Discount Rate Unchanged at 0.75%; Voted 10-0 for Fed Funds Rate Action; Fed Keeps Fed Funds Range Unchanged at 0.0% to 0.25%.

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) gain 95.59 points, EOD 12,690.96
NYSE (New York Stock Exchange) gain 54.04, EOD 8,609.03
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 21.22 points, EOD 2,868.76
S&P 500 (SPX) gain 8.04 points, EOD 1,355.28
BEL 20 (BEL20) gain 2.55 points, EOD 2,750.77
CAC 40 (CAC40) gain 22.43 points, EOD 4,067.72
FTSE100 (UKX100) shed 1.20 points, EOD 6,068.16
NIKKEI 225 (NIK/O) triple digit gain 133.15 points, EOD 9,691.84

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,967, declined stock prices 1,079, unchanged stock prices 120, stock prices hitting new highs 284 and stock prices hitting new lows 11. 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: COP shed 1.42, HOD 80.98, LOD 78.40, EOD 79.79; AGQ gain 44.42, HOD 363.92, LOD 315.00, EOD 362.86; MCP gain 0.78, HOD 74.50, LOD 71.05, EOD 72.64; CF shed 1.02, HOD 141.49, LOD 136.37, EOD 139.32; EAT shed 0.18, HOD 25.67, LOD 23.19, EOD 24.25; VMW gain 0.31, HOD 96.13, LOD 93.30, EOD 95.57; CRM gain 1.28, HOD 139.25, LOD 133.78, EOD 138.89.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,654, declined stock prices 981, unchanged stock prices 130, stock prices hitting new highs 149 and stock prices hitting new lows 26. 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: AMZN gain 14.51, HOD 197.80, LOD 182.75, EOD 196.81; APKT gain 6.82, HOD 84.48, LOD 75.62, EOD 83.73; VRTX gain 2.62, HOD 55.79, LOD 52.75, EOD 55.54; NFLX gain 7.05, HOD 236.61, LOD 225.15, EOD 235.96; SINA shed 5.55, HOD 135.22, LOD 125.11, EOD 129.06; REGN gain 14.91, HOD 71.74, LOD 54.95, EOD 67.05.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 308, declined stock prices 178, unchanged stock prices 35, stock prices hitting new highs 15 and stock prices hitting new lows 8.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1352.50; Change 11.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,409.25; Change 24.50
E-mini DOW $5 (YM) Mar 10: EOD 12,641; Change 123
Nikkei 225 (Yen) Mar 10: EOD 9745; Change 120

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6762 to U.S. Dollars 1.48
Japanese Yen 82.0400 to U.S. Dollars 0.0122
British Pound 0.6012 to U.S. Dollars 1.6600
Canadian Dollar 0.9510 to U.S. Dollars 1.05
Swiss Franc 0.8740 to U.S. Dollars 1.14

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 11) gain $0.55, EOD $112.76 per barrel ($US per barrel)
Heating Oil (June 11) gain $0.02, EOD $3.23 a gallon ($US per gallon)
Natural Gas (May 11) shed $0.01, EOD $4.37 per million BTU ($US per mmbtu.)
Unleaded Gas (June 11) gain $0.05, EOD $3.36 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 11) gain $13.60, EOD $1,517.10 ($US per Troy ounce)
Silver (May 11) gain $0.90, EOD $45.96 ($US per Troy ounce)
Platinum (July 11) gain $13.80, EOD $1,819.20 ($US per Troy ounce)
Copper (May 11) shed $0.09, EOD $4.23 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) shed $0.35, EOD $96.75
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) gain $1.30, EOD $113.60
Feeder Cattle (August 11) gain $2.00, EOD $134.95

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 11) shed $13.50, EOD $759.25
Soybeans (November 11) shed $6.25, EOD $1,368.50

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