Daily Market Commentary for December 23, 2009

U.S. Personal Spending

U.S. personal spending rose in November at the fastest growing pace in six months. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index fell 10.7% at 595.8; compared to Last Week 667.3; U.S. MBA Purchase fell 11.6% at 213.3; compared to Last Week 241.2; U.S. MBA Refinance Index fell 10.1% at 2,889.9; compared to Last Week 3,214.

Core PCE Price Index:
November PCE Core Price Index unchanged Rate on the month; November PCE Core Price Index rose 1.4% on the year; November PCE Price Index rose 0.2% Rate on the month; November PCE Price Index rose 1.5% on the year.

Personal Spending:
U.S. Personal Spending rose 0.5% in November; compared to consensus of an increase by 0.6%; October Spending Revised to rise 0.6% from an increase by 0.7%.

Personal Income:
U.S. Personal Income rose 0.4% in November; compared to consensus of an increase by 0.5%; October Personal Income Revised to rise 0.3% from an increase by 0.2%.

University of Michigan Consumer Sentiment Index:
End-December Sentiment 72.5; November 67.4; End-December Current Index 78.0; November 68.8; End-December Expectations 68.9; November 66.5; Preliminary December Sentiment Was 73.4; 12-Month Inflation Forecast rose 2.5%; November rose 2.7%; 5-Yr Inflation Forecast rose 2.7%; November rose 3.0%.

New Home Sales:
U.S. November New Home Sales fell 11.3% to 355K compared to consensus of 425K; U.S. October New Home Sales Revised to 400K from 430K.

Crude Oil Inventories released by DOE [Department of Energy]:
U.S. Crude Oil Stockpiles fell 4.841 Million Barrels at 327.546 Million Barrels; U.S. Crude Oil Stockpiles fell4.841 Million Barrels in Week; was seen decreasing by 1 Million Barrels; U.S. Gasoline Stockpiles fell 0.883 Million Barrels at 216.33 Million Barrels; U.S. Gasoline Stockpiles fell 0.883 Million Barrels in Week; was seen increasing by 0.8 Million Barrels; U.S. Distillate Stockpiles fell 3.027 Million Barrels at 161.336 Million Barrels; U.S. Distillate Stockpiles fell 3.027 Million Barrels in Week; was seen decreasing by 2.3 Million Barrels; U.S. Refineries Ran at 80.0% capacity versus 80.0% Week Ago; U.S. Refineries Ran at 80.0% capacity; was seen 80.20%.

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 4.23 points, EOD 10,469.16
NYSE (New York Stock Exchange) gain 33.36, EOD 7,217.54
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 18.13 points, EOD 2,270.80
S&P 500 (SPX) gain 2.44 points, EOD 1,120.46
BEL 20 (BEL20) gain 0.46 points, EOD 2,489.56
CAC 40 (CAC40) gain 12.37 points, EOD 3,910.75
FTSE100 (UKX100) gain 43.72 points, EOD 5,372.38
NIKKEI 225 (NIK/O) unchanged 135.86 points, EOD 10,378.03

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,225 declined stock prices 865, unchanged stock prices 107, stock prices hitting new highs 360 and stock prices hitting new lows 8. 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: MAC gain 2.23, HOD 38.07, LOD 34.21, EOD 36.50; PCP shed 1.66, HOD 115.19, LOD 112.95, EOD 113.74.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,860, declined stock prices 876, unchanged stock prices 135, stock prices hitting new highs 211 and stock prices hitting new lows 11. 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: ATHX shed 0.27, HOD 6.40, LOD 4.76, EOD 5.28; WYNN gain 0.60, HOD 60.28, LOD 58.39, EOD 59.98; PCLN gain 8.69, HOD 229.35, LOD 220.12, EOD 229.00; ISRG gain 4.66, HOD 303.25, LOD 295.50, EOD 302.18.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 330, declined stock prices 186, unchanged stock prices 38, stock prices hitting new highs 22 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) Mar 10: EOD 1115.75; Change 2.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,850.75; Change 9.75
E-mini DOW $5 (YM) Mar 10: EOD 10,404; Change -4
E-mini S&P MidCap 400 (MF) Mar 10: EOD 733.60; Change 5.90
Nikkei 225 (Yen) Mar 10: EOD 10,465; Change 35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6981 U.S. Dollars 1.4325
Japanese Yen 91.6400 to U.S. Dollars 0.0109
British Pound 0.6267 to U.S. Dollars 1.5956
Canadian Dollar 1.0481 to U.S. Dollars 0.9541
Swiss Franc 1.0392 to U.S. Dollars 0.9623

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (January 10) gain $2.27, EOD $76.67 per barrel ($US per barrel)
Heating Oil (February 10) gain $0.06, EOD $2.03 a gallon ($US per gallon)
Natural Gas (March 10) gain $0.12, EOD $5.85 per million BTU ($US per mmbtu.)
Unleaded Gas (January 10) gain $0.08, EOD $1.97 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 10) gain $7.80, EOD $1,094.50 ($US per Troy ounce)
Silver (March 10) gain $0.15, EOD $17.18 ($US per Troy ounce)
Platinum (April 10) gain $30.00, EOD $1,432.90 ($US per Troy ounce)
Copper (March 10) gain $0.06, EOD $3.20 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 10) gain $0.93, EOD $65.68
Pork Bellies (February 10) shed $0.20, EOD $87.90
Live Cattle (February 10) gain $0.70, EOD $85.38
Feeder Cattle (March 10) gain $0.93, EOD $95.18

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (march 10) gain $6.00, EOD $404.75
Soybeans (January 10) gain $10.50, EOD $1,009.00

BOND MARKET:
2 year EOD 99 21/32, change -1/32, Yield 0.92, Yield change 0.02
5 year EOD 98 11/32, change -2/32, Yield 2.47 Yield change 0.01
10 year EOD 96 29/32, change 1/32, Yield 3.75 Yield change 0.00
30 year EOD 96 7/32, change 1/32, Yield 4.60, change -0.01

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