Daily Market Commentary for May 4, 2011

Labor and Service Sector Reports Disappointed

While the latest labor and service sector reports disappointed, investors became nervous resulting in a selloff. (Read more at http://www.millennium-traders.com/news/LaborandServiceSectorReportsDisappointed.aspxMille nnium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Refinance Index rose 6.0% at 2081.6; Last Week 1964.0; U.S. MBA Purchase Index rose 0.3% at 182.7; Last Week 182.1.

ADP Nonfarm Employment Change:
ADP April U.S. Private Sector Jobs Expected to increase by 200,000; ADP April U.S. Private Sector Jobs rose 179,000.

ISM Non-Manufacturing Index:
U.S. ISM April Non- Manufacturing Prices Index 70.1 versus March 72.1; U.S. ISM April Non- Manufacturing New Orders Index 52.7 versus March 64.1; U.S. ISM April Non- Manufacturing Employment Index 51.9 versus March 53.7; U.S. ISM April Non- Manufacturing Business Index 53.7 versus March 59.7; U.S. ISM April Non-Manufacturing PMI Expected 57.0; U.S. ISM April Non-Manufacturing PMI 52.8 versus March 57.3.

Crude Oil Inventories from DOE:
U.S. Crude Oil Stockpiles rose 3.421 Million Barrels at 366.546 Million Barrels; U.S. Gasoline Stockpiles fell 1.046 Million Barrels in Week; Was Seen increasing by 0.1 Million Barrels; U.S. Distillate Stockpiles fell 1.398 Million Barrels at 145.132 Million Barrels; U.S. Crude Oil Stockpiles rose 3.421 Million Barrels in Week; Was Seen increasing by 2 Million Barrels; U.S. Gasoline Stockpiles fell 1.046 Million Barrels at 204.542 Million Barrels; U.S. Distillate Stockpiles fell 1.398 Million Barrels in Week; Was Seen increasing by 0.4 Million Barrels; U.S. Refineries Ran at 82.8% capacity versus 82.7% capacity Week Ago; U.S. Refineries Ran at 82.8% capacity; Seen 83.10% capacity.

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 83.93 points, EOD 12,723.58
NYSE (New York Stock Exchange) shed 21.80, EOD 8,649.61
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 5.39 points, EOD 2,836.23
S&P 500 (SPX) shed 7.46 points, EOD 1,349.16
BEL 20 (BEL20) shed 48.50 points, EOD 2,701.27
CAC 40 (CAC40) shed 53.71 points, EOD 4,043.13
FTSE100 (UKX100) shed 98.81 points, EOD 5,984.07
NIKKEI 225 (NIK/O) unchanged, EOD 10,004.20

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,023, declined stock prices 2,050, unchanged stock prices 84, stock prices hitting new highs 84 and stock prices hitting new lows 32. 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: MCP shed 5.53, HOD 77.97, LOD 69.46, EOD 72.01; AGQ shed 28.85, HOD 261.82, LOD 231.10, EOD 236.12; RAH gain 4.18, HOD 90.20, LOD 86.56, EOD 87.51; IOC shed 2.90, HOD 60.14, LOD 55.34, EOD 57.21; CME shed 4.49, HOD 291.77, LOD 285.72, EOD 287.23; AGP shed 1.21, HOD 67.16, LOD 65.72, EOD 65.72.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 734, declined stock prices 1,911, unchanged stock prices 114, stock prices hitting new highs 58 and stock prices hitting new lows 60. 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: VSEA gain 20.82, HOD 61.43, LOD 61.15, EOD 61.37; GMCR gain 11.86, HOD 78.45, LOD 75.00, EOD 75.93; FSLR shed 8.42, HOD 129.70, LOD 124.30, EOD 126.24; SINA shed 3.46, HOD 124.26, LOD 115.66, EOD 118.76; NFLX shed 2.05, HOD 232.00, LOD 225.30, EOD 229.19; REGN shed 3.11, HOD 51.84, LOD 47.53, EOD 48.00.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 182, declined stock prices 312, unchanged stock prices 23, stock prices hitting new highs 3 and stock prices hitting new lows 17.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1343.50; Change -8.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2384.50; Change -5.25
E-mini DOW $5 (YM) Mar 10: EOD 12,669; Change -80
Nikkei 225 (Yen) Mar 10: EOD 9850; Change -85

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6742 to U.S. Dollars 1.48
Japanese Yen 80.5550 to U.S. Dollars 0.0124
British Pound 0.6060 to U.S. Dollars 1.6500
Canadian Dollar 0.9580 to U.S. Dollars 1.04
Swiss Franc 0.8614 to U.S. Dollars 1.16

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 11) shed $1.67, EOD $109.38 per barrel ($US per barrel)
Heating Oil (June 11) unchanged, EOD $3.19 a gallon ($US per gallon)
Natural Gas (June 11) shed $0.03, EOD $4.64 per million BTU ($US per mmbtu.)
Unleaded Gas (June 11) gain $0.00, EOD $3.33 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 11) shed $25.10, EOD $1,515.30 ($US per Troy ounce)
Silver (July 11) shed $3.19, EOD $39.39 ($US per Troy ounce)
Platinum (July 11) shed $34.20, EOD $1,826.30 ($US per Troy ounce)
Copper (July 11) shed $0.11, EOD $4.13 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) shed $0.27, EOD $92.20
Pork Bellies (February 12) unchanged, EOD $120.00
Live Cattle (June 11) shed $0.10, EOD $110.50
Feeder Cattle (August 11) shed $0.15, EOD $132.90

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 11) gain $6.00, EOD $729.75
Soybeans (November 11) shed $15.75, EOD $1,338.50

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