Daily Market Commentary for October 27, 2009

First Time Home Buyer Tax Credit

As the extension of the first time home buyer tax credit is up for debate in congress due to over $600 million in fraudulent claims, the IRS is also starting an investigation for over 100,000 additional cases that could also be fraudulent. (Read more at Millennium-Traders.Com)

Economic data released today:

S&P/CS Home Price Indices Composite:
S&P Case-Shiller August 10-City Home Price Index fell 10.6% year over year; S&P Case-Shiller August 20-City Home Price Index fell11.3% year over year; S&P Case-Shiller August 10-City Home Price Index rose 1.3% month over month; S&P Case-Shiller August 20-City Home Price Index rose 1.2% month over month.

CB Consumer Confidence:
U.S. Conference Board October Consumer Confidence 47.7 versus September 53.4; U.S. Conference Board October Present Situation Index 20.7 versus September 23.0; U.S. Conference Board October Expectations Index 65.7 versus September 73.7.

Richmond Manufacturing Index:
Richmond Fed October Manufacturing Shipments Index 11 versus September 22; Richmond Fed October Manufacturing Index 7 versus September 14.

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 13.00 points, EOD 9,880.96
NYSE (New York Stock Exchange) shed 28.04, EOD 6,932.05
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 11.09 points, EOD 2,130.76
S&P 500 (SPX) shed 2.63 points, EOD 1,064.32
BEL 20 (BEL20) shed 50.21 points, EOD 2,443.04
CAC 40 (CAC40) shed 0.5 points, EOD 3,743.95
FTSE100 (UKX100) gain 9.23 points, EOD 5,200.97
NIKKEI 225 (NIK/O) shed 150.16, EOD 10,212.46

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,081 declined stock prices 1,993, unchanged stock prices 96, stock prices hitting new highs 64 and stock prices hitting new lows 12. 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: RPT shed 5.97, HOD 193.34, LOD 185.60, EOD 186.15; LTD shed 1.58, HOD 18.54, LOD 17.55, EOD 17.91; WMS shed 4.34, HOD 45.89, LOD 42.37, EOD 43.06; FAS shed 1.53, HOD 78.85, LOD 74.88, EOD 76.30; CME shed 4.51, HOD 322.89, LOD 315.42, EOD 316.50; CRI shed 6.78, HOD 28.23, LOD 19.17, EOD 21.66; BEN shed 4.02, HOD 114.83, LOD 105.43, EOD 109.00; OMI shed 7.22, HOD 43.00, LOD 38.78, EOD 39.93; CR gain 4.10, HOD 31.08, LOD 27.58, EOD 30.58; VFC shed 5.14, HOD 75.08, LOD 72.18, EOD 73.35.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 898, declined stock prices 1,832, unchanged stock prices 114, stock prices hitting new highs 39 and stock prices hitting new lows 37. 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: BIDU shed 49.31, HOD 388.20, LOD 353.03, EOD 383.66; ZRAN shed 1.27, HOD 9.26, LOD 8.50, EOD 8.90; AAPL shed 5.11, HOD 202.81, LOD 196.45, EOD 197.37; FSLR shed 4.65, HOD 156.00, LOD 148.45, EOD 150.22; SGMS shed 3.85, HOD 15.50, LOD 12.86, EOD 13.85; AMZN shed 2.57, HOD 124.26, LOD 119.42, EOD 122.07; DRWI gain 0.37, HOD 9.35, LOD 7.60, EOD 8.46; ITRI gain 1.86, HOD 61.38, LOD 58.81, EOD 59.65; WYNN shed 6.94, HOD 61.33, LOD 55.20, EOD 56.13; WINN shed 1.30, HOD 13.00, LOD 11.97, EOD 12.03; FELE shed 0.76, HOD 28.69, LOD 26.72, EOD 28.59; RCII shed 1.92, HOD 19.39, LOD 18.22, EOD 18.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 200, declined stock prices 306, unchanged stock prices 55, stock prices hitting new highs 7 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1060.75; Change -5.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,721.75; Change -26.25
E-mini DOW $5 (YM) Dec 09: EOD 9,835; Change -6
E-mini S&P MidCap 400 (MF) Dec 09: EOD 684.80; Change -9.70
Nikkei 225 (Yen) Dec 09: EOD 10,150; Change -95

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6760 U.S. Dollars 1.4792
Japanese Yen 91.8600 to U.S. Dollars 0.0109
British Pound 0.6109 to U.S. Dollars 1.6381
Canadian Dollar 1.0660 to U.S. Dollars 0.9381
Swiss Franc 1.0224 to U.S. Dollars 0.9781

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.87, EOD $79.55 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.02, EOD $2.08 a gallon ($US per gallon)
Natural Gas (December 09) gain $0.07, EOD $5.28 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) gain $0.04, EOD $2.07 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $7.40, EOD $1,035.40 ($US per Troy ounce)
Silver (December 09) shed $0.56, EOD $16.54 ($US per Troy ounce)
Platinum (January 09) shed $26.80, EOD $1,319.00 ($US per Troy ounce)
Copper (December 09) shed $0.01, EOD $3.00 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.98, EOD $55.43
Pork Bellies (February 10) gain $1.28, EOD $90.25
Live Cattle (December 09) shed $0.05, EOD $87.10
Feeder Cattle (November 09) gain $0.35, EOD $96.35

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $7.25, EOD $370.75
Soybeans (November 09) shed $12.25, EOD $976.50

BOND MARKET:
2 year EOD 100 4/32, change 6/32, Yield 0.92, Yield change -0.10
5 year EOD 100, change 19/32, Yield 2.37, Yield change -0.12
10 year EOD 101 13/32, change 28/32, Yield 3.45, Yield change -0.10
30 year EOD 103 19/32, change 1 14/32, Yield 4.28, change -0.08

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