Daily Market Commentary for July 25, 2008 from Millennium-Traders.Com

Are the Bulls back? At the closing bell, the major U.S. indices held positive to end the trading week on an upward tone. Investors however, were very skeptical of holding any position over the weekend. (read more)

Stock pick on the move today: Massey Energy Company (MEE) with a trading range of over 9 points on the trading session. Massey has begun to become more active and attractive for day traders. Its movement during the trading session attracts the momentum day trader. Throughout this past week, Massey has held in a trading range from lows below $62 to over $74 on Monday during the first trading day of the week. Massey is scheduled to release earnings on Friday August 1.

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) gain of 21.41 points on the day to end the trading session at 11,371.69
NYSE (New York Stock Exchange) gain of 25.97 points to end the trading session at 8,395.58
NASDAQ gain of 30.42 points to end the trading session at 2,310.53
S&P 500 gain of 5.22 points to end the trading session at 1,257.76
FTSE All-World ex-U.S. loss of 0.96 points to end the trading session at 224.75
FTSE RAFI 1000 gain of 0.15 points to end the trading session at 4,916.27
BEL 20 (BEL20) loss of 47.66 points to end the trading session at 3,059.56
CAC 40 (CAC40) gain of 29.19 points to end the trading session at 4,377.18
FTSE100 (UKX100) loss of 9.7 points to end the trading session at 5,352.6
NIKKEI 225 (NIK/O) triple digit loss of 268.55 points on the day to end the trading session at 13,334.76

New York Stock Exchange (NYSE) stock market action for the day:
Advanced stocks 1,769; declined stocks 1,395; unchanged stocks 101; stocks hitting new highs 20; stocks hitting new lows 66. List of volatile stocks 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: Intercontinental Exchange Incorporated (ICE) gained 11.88 points on the trading session, high on the trading session $102.90, low on the trading session $90.89 for a closing stock price at $102.90; MasterCard Incorporated (MA) gained 5.07 points on the trading session, high on the trading session $265.43, low on the trading session $255.00 for a closing stock price at $263.55; Petroleo Brasileiro SA (PBR) shed 0.24 points on the trading session, high on the trading session $54.00, low on the trading session $51.87 for a closing stock price at $53.10; Consolidated Graphics Incorporated (CGX) shed 3.48 points on the trading session, high on the trading session $41.36, low on the trading session $37.07 for a closing stock price at $37.93; Massey Energy Company (MEE) gained 7.35 points on the trading session, high on the trading session $72.65, low on the trading session $63.15 for a closing stock price at $70.19; ULTRASHORT Financial Corporation (SKF) gained 1.90 points on the trading session, high on the trading session $136.98, low on the trading session $125.82 for a closing stock price at $132.60; Eastman Chemical Company (EMN) shed 6.24 points on the trading session, high on the trading session $65.01, low on the trading session $59.55 for a closing stock price at $60.14; Global Payments Incorporated (GPN) shed 2.89 points on the trading session, high on the trading session $45.35, low on the trading session $41.51 for a closing stock price at $42.84; ULTRASHORT Russell2000 (TWM) shed 0.69 points on the trading session, high on the trading session $74.24, low on the trading session $71.74 for a closing stock price at $73.40; CME Group Incorporated (NYSE: CME) gained 1.11 points on the trading session, high on the trading session $377.09, low on the trading session $361.04 for a closing stock price at $368.83; Mechel OAO (NYSE: MTL) gained 3.36 points on the trading session, high on the trading session $28.02, low on the trading session $23.50 for a closing stock price at $26.20; XTO Energy Incorporated (NYSE: XTO) shed 0.11 points on the trading session, high on the trading session $50.24, low on the trading session $48.27 for a closing stock price at $48.67; Walter Industries Incorporated (NYSE: WLT) gained 3.50 points on the trading session, high on the trading session $86.23, low on the trading session $80.49 for a closing stock price at $84.51; Potash Corporation Saskatchewan (NYSE: POT) gained 8.27 points on the trading session, high on the trading session $205.64, low on the trading session $189.16 for a closing stock price at $202.27.

National Association of Securities Dealers Automated Quotations (NASDAQ) stocks trading activity today:
Advanced stocks 1752; declined stocks 1,125; unchanged stocks 128; stocks hitting new highs 46; stocks hitting new lows 81.
List of volatile stocks 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: First Solar Incorporated (FSLR) shed 2.99 points on the trading session, high on the trading session $265.87, low on the trading session $257.72 for a closing stock price at $261.10; NuVasive Incorporated (NUVA) gained 7.97 points on the trading session, high on the trading session $55.89, low on the trading session $51.65 for a closing stock price at $54.86; Bucyrus International Incorporated (BUCY) gained 9.68 points on the trading session, high on the trading session $68.29, low on the trading session $61.18 for a closing stock price at $68.95; Cepheid (CPHD) shed 9.54 points on the trading session, high on the trading session $20.50, low on the trading session $16.01 for a closing stock price at $17.65; Google Incorporated (NasdaqGS: GOOG) gained 17.18 points on the trading session, high on the trading session $493.13, low on the trading session $481.50 for a closing stock price at $492.80.

Market trends on the American Stock Exchange (AMEX) today:
Advanced stocks 629; declined stocks 520; unchanged stocks 104; stocks hitting new highs 7; stocks hitting new lows 35.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1,253.75, change 0.00
E-mini NASDAQ-100 (NQ) end of day price 1,840.25, change -0.25
E-mini S&P SmallCap 600 (SMP) end of day price 370.10, change -0.20
$5 DJIA (YM) end of day price 11,307, change -9

World Currencies at time of this posting:
Euro 0.6388 to U.S. Dollars 1.5654
Japanese Yen 107.85 to U.S. Dollars 0.0093
British Pound 0.5034 to U.S. Dollars 1.9831
Canadian Dollar 1.0191 to U.S. Dollars 0.9831
Swiss Franc 1.0387 to U.S. Dollars 0.9627

Commodities Markets:
Energy Sector: Light Crude (NYM) shed $2.23 on the day for a closing price of the range of $123.26 a gallon ($US per bbl.); Heating Oil (NYM) shed $0.05 on the day for a closing price of $3.55 a gallon ($US per gal.); Natural Gas (NYM) shed $0.25 on the day for a closing price of $9.13 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.03 on the day for a closing price of $3.03 a gallon ($US per gal.).

Metals Markets:
Gold Market Price (CMX) gained $3.70 on the day for a closing price of $926.80 ($US per Troy oz.); Silver (CMX) gained $0.09 on the day for a closing price of $17.39 ($US per Troy oz.); Platinum (NYM) gained $44.90 on the day for a closing price of $1,758.70 ($US per Troy oz.) and Copper (CMX) gained $0.03 on the day for a closing price of $3.62 ($US per lb.).

Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) shed 0.20 on the day for a closing price of 73.83; Pork Bellies (CME) gained 3.00 on the day for a closing price of 74.33; Live Cattle (CME) shed 0.85 on the day for a closing price of 105.10; Feeder Cattle (CME) shed 0.43 on the day for a closing price of 111.93.

Other Commodities (cents per bu.):
Corn (CBT) gained 4.50 on the day for a closing price of 596.50 and Soybeans (CBT) gained 13.50 on the day for a closing price of 1,386.50.

At the close of the week, performance results for our Moderators:

Stocks Trading Room:
Jeannie $9,139
Barry $13,693
Marty $6,943
Sam $5,414

Futures Trading Room:
JT $5,352.38

Forex Trading Room:
JT $13,000

Daily Swing Trades:
Barry $11,790

Weekly Swing Trades:
Jeannie -$2,090

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