Thread: Uptick Rule

Daily Market Commentary for March 10, 2009

Traders and Day Traders in the USA are preparing themselves for possible reintroduction of the Uptick Rule.(read more at Millennium-Traders.Com)

Economic data released today:

ICSC-Goldman Store Sales:
U.S. Chain Store Sales fell 0.9% on the year; U.S. Chain Store Sales for week of March 7 rose 0.2%.

Redbook:
U.S. Retail Sales fell 0.2% during first week of March versus February. On a year-on-year basis, retailer sales declined by 0.9% during the latest week. The weekly result followed a decline of 0.6% during the prior week as well as a 0.6% rise for the week before that.

Wholesale Trade:
U.S. January Wholesale Inventories fell 0.7% compared to what was expected at a drop by 1.0%.

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 of 379.44 points to end the trading session at 6,926.49
NYSE (New York Stock Exchange) triple digit gain of 273.06 points to end the trading session at 4,499.37
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 89.64 points to end the trading session at 1,358.28
S&P 500 (SPX) gain of 43.07 points to end the trading session at 719.60
BEL 20 (BEL20) gain of 63.46 points to end the trading session at 1,616.51
CAC 40 (CAC40) triple digit gain of 144.39 points to end the trading session at 2,663.68
FTSE100 (UKX100) triple digit gain of 172.83 points to end the trading session at 3,715.23
NIKKEI 225 (NIK/O) loss of 31.05 points at the end the trading session at 7,054.98

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,907, declined stock prices 261, unchanged stock prices 41, stock prices hitting new highs 6 and stock prices hitting new lows 95. 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: ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 14.09 points on the trading session, high on the trading session $110.62, low on the trading session $100.41, with a closing stock price at $101.00; ITT Educational Services (NYSE: ESI) stock price gained 4.52 points on the trading session, high on the trading session $109.56, low on the trading session $102.01, with a closing stock price at $107.53; ProShares Ultrashort Financials (NYSE: SKF) stock price shed 62.53 points on the trading session, high on the trading session $222.70, low on the trading session $178.61, with a closing stock price at $101.42; CME Group (NYSE: CME) stock price gained 10.38 points on the trading session, high on the trading session $194.72, low on the trading session $185.18, with a closing stock price at $194.24; Direxion Financial Bear 3X (NYSE: FAZ) stock price shed 37.67 points on the trading session, high on the trading session $87.00, low on the trading session $60.25, with a closing stock price at $61.50.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,347, declined stock prices 490, unchanged stock prices 121, stock prices hitting new highs 17 and stock prices hitting new lows 186. 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: Google (NasdaqGS: GOOG) stock price gained 16.48 points on the trading session, high on the trading session $310.50, low on the trading session $294.25, with a closing stock price at $307.37; AeroVironment (NasdaqGS: AVAV) stock price shed 9.99 points on the trading session, high on the trading session $22.75, low on the trading session $18.50, with a closing stock price at $20.59; Casey's General Stores (NasdaqGS: CASY) stock price gained 5.20 points on the trading session, high on the trading session $24.84, low on the trading session $20.35, with a closing stock price at $24.08; Comtech Telecommunications (NasdaqGS: CMTL) stock price shed 12.60 points on the trading session, high on the trading session $27.18, low on the trading session $19.56, with a closing stock price at $22.85; First Solar (NasdaqGS: FSLR) stock price gained 12.07 points on the trading session, high on the trading session $123.65, low on the trading session $110.13, with a closing stock price at $120.43; Baidu (NasdaqGS: BIDU) stock price gained 10.92 points on the trading session, high on the trading session $167.92, low on the trading session $159.50, with a closing stock price at $166.00.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 369, declined stock prices 219, unchanged stock prices 60, stock prices hitting new highs 5 and stock prices hitting new lows 28.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 715.50; Change for the trading session 39.50
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,101.50; Change for the trading session 54.50
E-mini DOW $5 (YM) Mar 09: End of trading session price 6,839; Change for the trading session 311
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 422.80; Change for the trading session 16.30
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 7,340; Change for the trading session 365

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7886 to U.S. Dollars 1.2681
Japanese Yen 98.520 to U.S. Dollars 0.0102
British Pound 0.7271 to U.S. Dollars 1.3753
Canadian Dollar 1.2825 to U.S. Dollars 0.7797
Swiss Franc 1.1601 to U.S. Dollars 0.8620

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (April 09) shed $1.36 on the trading session for a closing price of $45.71 per barrel ($US per barrel)
Heating Oil (April 09) shed $0.02 on the trading session for a closing price of $1.20 a gallon ($US per gallon)
Natural Gas (April 09) shed $0.03 on the trading session for a closing price of $3.84 per million BTU ($US per mmbtu.)
Unleaded Gas (March 09) shed $0.04 on the trading session for a closing price of $1.30 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 09) shed $22.10 on the trading session for a closing price of $895.90 ($US per Troy ounce)
Silver (May 09) shed $0.40 on the trading session for a closing price of $12.54 ($US per Troy ounce)
Platinum (April 09) shed $19.90 on the trading session for a closing price of $1,044.3 ($US per Troy ounce)
Copper (May 09) gained $0.05 on the trading session for a closing price of $1.68 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) shed 1.90 on the trading session for a closing price of 60.53
Pork Bellies (May 09) gained 0.78 on the trading session for a closing price of 81.50
Live Cattle (April 09) shed 0.33 on the trading session for a closing price of 83.00
Feeder Cattle (April 09) shed 0.13 on the trading session for a closing price of 90.80

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 09) gained 10.00 on the trading session for a closing price of 375.50
Soybeans (May 09) gained 12.00 on the trading session for a closing price of 876.50

BOND MARKET:
2 year Bond Closing price 99 22/32, change -5/32, Yield 1.02, Yield change 0.07
5 year Bond closing price of 99 13/32, change -18/32, Yield 1.99, Yield change 0.12
10 year Bond closing price 97 28/32, change -1 6/32, Yield 2.99, Yield change 0.12
30 year Bond closing price 96 6/32, change -2 6/32, Yield 3.71, Yield change 0.13

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At least wholesale didn't drop quite as much as expected.