Daily Market Commentary for April 23, 2009

News released today indicates that the U.S. government is preparing a bankruptcy filing for Chrysler, LLC that could happen as soon as next week. (read more at Millennium-Traders.Com)

Economic data released today:

Jobless Claims:
U.S. Jobless Claims for week of April 18 rose by 27K to 640K compared to survey of an increase by 30K; U.S. Continuing Claims April 11 Week rose by 93K to 6,137,000; U.S. Jobless Claims revised for week of April 11 to 613K from 610K.

Existing Home Sales:
U.S. Existing Home Sales for March fell 3.0% to 4.57M rate; U.S. Existing Home Sales Consensus for March came in at 4.69M rate; U.S. Inventory of Unsold U.S. Homes at 9.8 Months Supply; U.S. Median Existing Home Price for March fell 12.4% on the year to $175,200.

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 70.49 points, EOD 7,957.06
NYSE (New York Stock Exchange) gain 81.49 points, EOD 5,372.10
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 6.09 points, EOD 1,652.21
S&P 500 (SPX) gain 8.37 points, EOD 851.92
BEL 20 (BEL20) gain 1.48 points, EOD 1,905.37
CAC 40 (CAC40) loss 16.62 points, EOD 3,008.62
FTSE100 (UKX100) loss 12.43 points, EOD 4,018.23
NIKKEI 225 (NIK/O) triple digit gain 119.71 points, EOD 8,847.01

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,610, declined stock prices 1,069, unchanged stock prices 474, stock prices hitting new highs 4 and stock prices hitting new lows 7. 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: VMW: shed 6.63 points, HOD $27.57, LOD $25.68, EOD $25.92; ESI: shed 1.10 points, HOD $110.24, LOD $97.92, EOD $100.86: POT: shed 1.37 points, HOD $81.87, LOD $77.80, EOD $79.62; SKF: shed 4.62 points, HOD $64.64, LOD $58.64, EOD $59.41; BG: shed 7.04 points, HOD $50.58, LOD $46.66, EOD $47.46; STI: shed 0.51 points, HOD $16.49, LOD $13.62, EOD $14.89; YUM: gain 2.43 points, HOD $35.20, LOD $33.55, EOD $34.52; BCR: shed 5.93 points, HOD $74.01, LOD $68.94, EOD $71.73; PNC: gain 2.87 points, HOD $41.49, LOD $37.81, EOD $40.93; CMG: shed 0.19 points, HOD $92.39, LOD $82.54, EOD $85.31; CME: gain 21.89 points, HOD $242.77, LOD $221.30, EOD $240.45; ACL: gain 7.15 points, HOD $97.88, LOD $88.18, EOD $93.43; NUE: shed 4.07 points, HOD $42.74, LOD $38.80, EOD $40.00.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,053, declined stock prices 1,672, unchanged stock prices 138, stock prices hitting new highs 14 and stock prices hitting new lows 7. 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: AAPL: gain 3.75 points, HOD $127.20, LOD $123.51, EOD $125.52; NUVA: gain 4.63 points, HOD $35.33, LOD $32.90, EOD $34.43; RIMM: gain 0.96 points, HOD $69.50, LOD $67.00, EOD $68.16; FSLR: shed 3.87 points, HOD $147.65, LOD $140.75, EOD $142.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 324, declined stock prices 173, unchanged stock prices 94, stock prices hitting new highs 4 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 848.25; Change 11.25
E-mini NASDAQ-100 (NQ) June 09: EOD 1,338.50; Change 15
E-mini DOW $5 (YM) June 09: EOD 7,914; Change 98
E-mini S&P MidCap 400 (MF) June 09: EOD 533.70; Change 0.50
Nikkei 225 (Yen) June 09; EOD 8,865; Change 120

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7602 to U.S. Dollars 1.3154
Japanese Yen 97.87 to U.S. Dollars 0.0102
British Pound 0.6786 to U.S. Dollars 1.4736
Canadian Dollar 1.2234 to U.S. Dollars 0.8174
Swiss Franc 1.1505 to U.S. Dollars 0.8692

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (May 09) gain $0.30, EOD $48.85 per barrel ($US per barrel)
Heating Oil (June 09) shed $0.02, EOD $1.35 a gallon ($US per gallon)
Natural Gas (May 09) gain $0.13, EOD $3.51 per million BTU ($US per mmbtu.)
Unleaded Gas (May 09) loss $0.02, EOD $1.39 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) gain $14.10, EOD $906.60 ($US per Troy ounce)
Silver (May 09) gain $0.45, EOD $12.76 ($US per Troy ounce)
Platinum (July 09) gain $21.10, EOD $1,178.70 ($US per Troy ounce)
Copper (July 09) shed $0.07, EOD $1.99 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) shed 0.50, EOD 71.88
Pork Bellies (May 09) shed 0.35, EOD 82.25
Live Cattle (June 09) gain 0.33, EOD 83.48
Feeder Cattle (August 09) shed 0.40, EOD 100.68

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) gain 7.50, EOD 390
Soybeans (July 09) shed 7.00, EOD 1,032

BOND MARKET:

2 year EOD 99 28/32, change 2/32, Yield 0.93, Yield change -0.03
5 year EOD 99 12/32, change 2/32, Yield 1.87, Yield change -0.02
10 year EOD 98 15/32, change 3/32, Yield 2.92, Yield change -0.02
30 year EOD 94 24/32, change 3/32, Yield 3.7794, Yield change -0.01

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com