Daily Market Commentary for October 7, 2009

GM Shuts Down Saturn

As GM shuts down Saturn they are faced with other problems, the deal they struck with Penske Auto Group fell through forcing GM to shut down about 350 dealerships. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Refinance Index rose 18.2% at 3377.1; compared to last week 2857.3; U.S. MBA Purchase Index rose 13.2% at 306.1; compared to last week 270.4; U.S. MBA Market Index rose 16.4% at 756.3; compared to last week 649.6.

Crude Oil Inventories from Department of Energy [DOE]:
U.S. Crude Oil Stockpiles -0.978 million barrels at 337.426 million barrels; U.S. Crude Oil Stockpiles -0.978 million barrels in week; was seen increasing by 1.7 million barrels; U.S. Gasoline Stockpiles +2.937 million barrels at 214.389 million barrels; U.S. Gasoline Stockpiles +2.937 million barrels in week; was seen increasing by 0.6 million barrels; U.S. Distillate Stockpiles +0.679 million barrels at 171.756 million barrels; U.S. Distillate Stockpiles +0.679 million barrels in week; was seen increasing by 0.2 million barrels; U.S. Refineries Ran at 85.0% capacity versus 84.6% week ago; U.S. Refineries Ran at 85.0%; was seen at 84.30%.

Consumer Credit:
U.S. August Consumer Credit falls seventh month in a row; U.S. August Consumer Credit decreased $12.0B; August Decline in consumer credit is seventh in a row; July Consumer Credit Revised to down $19.0B from down $21.6B.

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 5.60 points, EOD 9,725.65
NYSE (New York Stock Exchange) gain 12.97, EOD 6,912.65
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 5.66 points, EOD 2,109.23
S&P 500 (SPX) gain 2.56 points, EOD 1,057.28
BEL 20 (BEL20) shed 19.65 points, EOD 2,507.22
CAC 40 (CAC40) shed 13.8 points, EOD 3,756.41
FTSE100 (UKX100) shed 29.08 points, EOD 5,108.90
NIKKEI 225 (NIK/O) unchanged 246.77, EOD 9,731.87

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,565 declined stock prices 1,452, unchanged stock prices 133, stock prices hitting new highs 225 and stock prices hitting new lows 6. 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: MON shed 1.03, HOD 76.47, LOD 73.85, EOD 74.33; STJ shed 0.41, HOD 33.96, LOD 32.92, EOD 32.99; FAS gain 2.12, HOD 83.49, LOD 79.60, EOD 83.42; AIG gain 0.91, HOD 46.83, LOD 43.80, EOD 45.74; POT gain 1.15, HOD 91.00, LOD 89.03, EOD 89.95; MA gain 10.33, HOD 211.50, LOD 200.82, EOD 210.93; CME gain 2.08, HOD 290.22, LOD 281.61, EOD 289.67; DVN gain 0.06, HOD 66.93, LOD 65.48, EOD 66.50; SUN gain 0.60, HOD 28.64, LOD 27.12, EOD 28.49; CAR shed 0.78, HOD 12.79, LOD 11.94, EOD 12.50; AAI shed 1.06, HOD 5.48, LOD 4.95, EOD 5.08.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,318, declined stock prices 1,340, unchanged stock prices 149, stock prices hitting new highs 108 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: WYNN shed 1.29, HOD 69.44, LOD 66.45, EOD 67.35; FSLR gain 4.19, HOD 155.00, LOD 150.50, EOD 154.84; BIDU gain 12.80, HOD 414.65, LOD 399.02, EOD 413.80; RPRX gain 0.97, HOD 2.48, LOD 1.66, EOD 1.86; VRSK gain 5.22, HOD 28.97, LOD 26.41, EOD 27.22; GOOG gain 18.80, HOD 518.99, LOD 497.81, EOD 517.54; LINE shed 0.39, HOD 22.85, LOD 21.90, EOD 22.75.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 279, declined stock prices 248, unchanged stock prices 49, stock prices hitting new highs 41 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) Dec 09: EOD 1053.00; Change 4.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,706.00; Change 5.25
E-mini DOW $5 (YM) Dec 09: EOD 9,662; Change 8
E-mini S&P MidCap 400 (MF) Dec 09: EOD 684.80; Change 1.10
Nikkei 225 (Yen) Dec 09: EOD 9,745; Change 20

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6813 U.S. Dollars 1.4678
Japanese Yen 88.6200 to U.S. Dollars 0.0113
British Pound 0.6271 to U.S. Dollars 1.5946
Canadian Dollar 1.0622 to U.S. Dollars 0.9414
Swiss Franc 1.0335 to U.S. Dollars 0.9676

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (November 09) shed $1.31, EOD $69.57 per barrel ($US per barrel)
Heating Oil (November 09) shed $0.03, EOD $1.78 a gallon ($US per gallon)
Natural Gas (November 09) gain $0.02, EOD $4.90 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) shed $0.05, EOD $1.72 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $4.70, EOD $1,044.40 ($US per Troy ounce)
Silver (December 09) gain $0.21, EOD $17.50 ($US per Troy ounce)
Platinum (January 09) gain $2.40, EOD $1,327.70 ($US per Troy ounce)
Copper (December 09) shed $0.01, EOD $2.78 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $2.63, EOD $51.75
Pork Bellies (February 10) gain $2.00, EOD $82.40
Live Cattle (December 09) gain $0.53, EOD $84.08
Feeder Cattle (November 09) gain $0.43, EOD $93.18

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $1.50, EOD $359.75
Soybeans (November 09) gain $2.00, EOD $912.00

BOND MARKET:
2 year EOD 100 8/32, change 3/32, Yield 0.86, Yield change -0.04
5 year EOD 100 31/32, change 12/32, Yield 2.16, Yield change -0.08
10 year EOD 103 25/32, change 23/32, Yield 3.17, Yield change -0.08
30 year EOD 108 22/32, change 1 8/32, Yield 3.99, change -0.07

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