Daily Market Commentary for August 3, 2009

Stock Market News

Rallies extended as positive stock market news was released, sending shares soaring. (read more at Millennium-Traders.Com)

Economic data released today:

Institute for Supply (ISM) Manufacturing Index:
U.S. ISM July Manufacturing PMI 48.9 versus June 44.8; U.S. ISM July Manufacturing PMI expected 46.5; U.S. ISM July Prices Index 55.0 versus June 50.0; U.S. ISM July Employment Index 45.6 versus June 40.7; U.S. ISM July New Orders Index 55.3 versus June 49.2; U.S. ISM July Production Index 57.9 versus June 52.5; U.S. ISM July Inventories Index 33.5 versus June 30.8.

Construction Spending:
U.S. Construction Spending rose 0.3% in June compared to consensus of a decrease by 0.5%; Residential Spending rises second time in three months in June; Public Construction Spending up fifth month in a row in June; May Construction Spending revised to -0.8% from -0.9%.

Obama Administration:
About 80,500 'clunkers' sales counted through Saturday.

Domestic Vehicle Sales:

Ford Motor Company:
Ford Focus is top-selling vehicle under 'clunkers'; evaluating U.S. production in wake of 'clunkers' demand; U.S. auto sales down about 10% from a year ago; down to 50-day supply U.S. cars and trucks; July Industry SAAR at mid-11 million, highest of '09; U.S. Industry SAAR hit was 15 million-16 million in last week of July; 'clunkers'-driven demand not sustainable for rest of 2009;

General Motors Corporation:
Had set goal to have 40,500 hourly workers by years' end; China Jan-July sales up 42.8% on year at 959,035 units; China July sales up 77.7% on year at 144,593 units; July Sales of 189,443 marks month-over-month sales increase; July Truck Sales down 18.3%; July Car Sales 83,376 versus 105,335; CARS Program driving showroom traffic; July Truck Sales 106,067 versus 129,849; July Light Truck Sales down 18.1%; July Light Vehicle Sales down 19.4%; July Car Sales down 20.8%; July Sales of 189,443 marks month-over-month sales increase; In July, dealers had an average 76-day supply of vehicles; July GMC Sales down 20.4%; July Chevrolet Sales 124,948 versus 137,823; July inventory at 'historically low levels'; Inventory at July end 466,000 vehicles in stock, down 38%; July Light Vehicle Sales 188,156 versus 233,340; July Light Truck Sales 104,780 versus 128,005; July Truck Sales 106,067 versus 129,849; July inventory comprised 202,000 cars, 264,000 trucks; July inventory down 20% from June; July Pontiac Sales down 13.2%; July GMC Sales 21,860 versus 27,447; July Pontiac Sales 22,024 versus 25,373; July Retail Sales down 9%; July Fleet Sales Down 47%; North American July Production 102,000; North American July Car Production 39,000; 3Q Production Forecast at 535,000 vehicles; North American July Truck Production 63,000; North American July Production down 57%; volume up nearly 12,000 Vehicles versus June; market Firming, Co Ahead Of Projections From Reinvention Plan; 3Q Production View down 42% from year ago 3Q; 3Q Production View comprises 210,000 cars, 325,000 trucks; Fleet Sales down on tight production, inventory control; 3Q volumes up 35% over 2Q; U.S. Auto Industry SAAR 11.3 million in July; European Auto Market 'bottoming out,' China headed for growth; more cash for 'clunkers' could grow U.S. GDP by 0.5%.

Chrysler Corporation:
Doesn't see ' Industrial Sales Forecast to change dramatically'; July Consumer Traffic up due to ' cash for clunkers'; Consumer Traffic last week in July doubled; July Sales down 9% year-over-year; July Small Cars Retail Sales up 52% versus year ago on CARS Program; Co. Finished July with 136,734 units in inventory; Inventory down 68% versus June 2008; July Jeep ***** Sales down 2% to 22,276; July Dodge ***** Sales down 8% to 50,075; July Chrysler ***** Sales down 21% to 16,549; more consumers considering buying new vehicle; Inventory Levels at their lowest in years; working towards 'pull' system by cutting inventory; July Total Truck Sales 66,791, down 8%; reports higher sequential sales in July; CARS Program, chrysler group incentives helped sales; July Total Car Sales 22,109, down 14%; Group LLC reports July 2009 U.S. sales increases; to ofer up to 72-month 0% financing on certain 2009 models thru GMAC; more consumers considering buying new vehicle; July Chrysler ***** Sales down 21% to 16,549; encouraging signs consumer confidence is building; July Jeep ***** Sales down 2% to 22,276; more consumers considering buying new vehicle; July Chrysler ***** Sales down 21% to 16,549; encouraging signs consumer confidence is building; overall industry seen at about 11.2 million SAAR.

Toyota Motor Company:
Hybrid Vehicles July Sales 22,853; July Car Sales 112,569 versus 128,099; July Car Sales down 12.1%; Lexus Passenger Cars July Sales 9,904 units down 25.1%; Lexus Light Trucks July Sales 8,613 units down 3.9%; July Sales 174,872 versus 197,424; CARS Program boosted July Sales; July Sales Up 27.7% versus June; July Sales down 11.4%; July Truck Sales down 10.1%.

Hyundai Motor America:
July Sales up 12%; July Sales 45,553 versus 40,703; July Sales up 21% versus June.

Honda Motor Corporation:
July Vehicle Sales down 17.3%; July Sales top 114,000.

American Suzuki:
July Sales down 57%; July Sales 3,507 vehicles versus 8,103; July Sales up 39% versus June.

Mazda North America:
Total July Sales 19,032 versus 22,418, down 15.1%;saw ' marked increase' in
showroom traffic from CARS Program; July Trucks Sales 4,063 versus 5,293, down 23.2%; 57% units sold under car program is co's most fuel-efficient unit; De Mexico July Total Sales 1,112 units, down 38%; hasn't yet ' turned the corner' on 'dismal corner'; saw ' marked increase' in showroom traffic from CARS program; July Cars Sales 14,969 versus 17,125,down 12.6%.
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 114.88 points, EOD 9,286.49
NYSE (New York Stock Exchange) triple digit gain 141.37, EOD 6,565.65
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 28.3 points, EOD 2,006.80
S&P 500 (SPX) gain 15.04 points, EOD 1,002.52
BEL 20 (BEL20) gain 8.63 points, EOD 2,177.77
CAC 40 (CAC40) gain 51.53 points, EOD 3,477.80
FTSE100 (UKX100) gain 74.1 points, EOD 4,682.46
NIKKEI 225 (NIK/O) shed 4.36 points, EOD 10,352.47

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,555, declined stock prices 563, unchanged stock prices 72, stock prices hitting new highs 179 and stock prices hitting new lows 4. 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: ELN gain 0.15, HOD 8.16, LOD 7.98, EOD 8.03; F gain 0.33, HOD 8.86, LOD 8.30, EOD 8.33; AVY gain 0.46, HOD 27.35, LOD 26.71, EOD 27.19; CVX gain 0.93, HOD 70.54, LOD 69.81, EOD 70.40; CME gain 3.92, HOD 283.82, LOD 276.13, EOD 282.75; APA gain 2.64, HOD 87.34, LOD 85.04, EOD 86.59; BAC gain 0.53, HOD 15.62, LOD 14.82, EOD 15.32; RTP gain 13.42, HOD 175.25, LOD 175.03, EOD 175.03; GGC gain 6.66, HOD 26.80, LOD 17.62, EOD 23.95; ICE gain 2.01, HOD 96.74, LOD 93.00, EOD 96.07; MA gain 6.63, HOD 200.86, LOD 195.51, EOD 200.66; GS gain 0.80, HOD 166.29, LOD 163.30, EOD 164.10.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,919, declined stock prices 820, unchanged stock prices 113, stock prices hitting new highs 109 and stock prices hitting new lows 12. 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: HURN shed 30.66, HOD 15.06, LOD 11.30, EOD 13.69; BIDU gain 6.31, HOD 360.01, LOD 352.70, EOD 354.45; FSLR gain 1.19, HOD 158.50, LOD 153.76, EOD 155.58; SVNT shed 2.79, HOD 13.27, LOD 10.00, EOD 12.80; GOOG gain 9.16, HOD 453.90, LOD 447.64, EOD 452.21; TNDM gain 2.24, HOD 34.56, LOD 31.57, EOD 33.24; ISRG gain 7.37, HOD 234.70, LOD 230.49, EOD 234.69; TELK gain 0.18, HOD 1.18, LOD 0.86, EOD 1.05.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 373, declined stock prices 175, unchanged stock prices 57, stock prices hitting new highs 22 and stock prices hitting new lows n/a.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 998.25; Change 13.75
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,625.25; Change 23.25
E-mini DOW $5 (YM) Sept 09: EOD 9,229; Change 103
E-mini S&P MidCap 400 (MF) Sept 09: EOD 638.60; Change 11.80
Nikkei 225 (Yen) Sept 09: EOD 10,480; Change 165

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6938 to U.S. Dollars 1.4413
Japanese Yen 95.3100 to U.S. Dollars 0.0105
British Pound 0.5903 to U.S. Dollars 1.6939
Canadian Dollar 1.0657 to U.S. Dollars 0.9384
Swiss Franc 1.0594 to U.S. Dollars 0.9439

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 09) gain $2.13, EOD $71.58 per barrel ($US per barrel)
Heating Oil (September 09) gain $0.04, EOD $1.87 a gallon ($US per gallon)
Natural Gas (September 09) shed $0.38, EOD $4.03 per million BTU ($US per mmbtu.)
Unleaded Gas (September 09) gain $0.06, EOD $2.07 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $3.00, EOD $958.80 ($US per Troy ounce)
Silver (September 09) gain $0.31, EOD $14.25 ($US per Troy ounce)
Platinum (October 09) gain $25.50, EOD $1,239.70 ($US per Troy ounce)
Copper (September 09) gain $0.12, EOD $2.74 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) shed $1.85, EOD $52.05
Pork Bellies (August 09) shed $0.50, EOD $61.75
Live Cattle (October 09) gain $0.13, EOD $90.33
Feeder Cattle (September 09) shed $0.58, EOD $101.98

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $19.50, EOD $369.00
Soybeans (November 09) gain $48.50, EOD $1,030.00

BOND MARKET:
2 year EOD 99 20/32, change -4/32, Yield 1.18, Yield change 0.07
5 year EOD 99 25/32, change -23/32, Yield 2.65, Yield change 0.14
10 year EOD 95 27/32, change -1 6/32, Yield 3.63, Yield change 0.15
30 year EOD 97 16/32, change -1 19/32, Yield 4.42, change 0.12

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