Daily Market Commentary for February 18, 2010

Obama


President Obama announced an ****utive order today to officially create a bipartisan fiscal commission. (Read more at Millennium-Traders.Com)

Economic data released today:

PPI [Producer Price Index]:
U.S. January Producer Prices rose 1.4%; compared to consensus of an increase by 0.9%; U.S. January PPI Excluding-Food & Energy rose 0.3%; compared to consensus of an increase by 0.1%; U.S. January PPI Intermediate Goods rose 1.7%; U.S. January PPI Intermediate Goods Core rose 0.5%; U.S. January PPI Crude Goods rose 9.6%; U.S. January PPI Crude Goods Core rose 6.6%; U.S. January PPI Energy Prices rose 5.1%; U.S. January Passenger Car Prices fell 0.5%; U.S. December PPI Revised to rise 0.4% from an increase by 0.2%.

Initial Jobless Claims:
U.S. Jobless Claims for week of February 6 revised to 442K from 440K; U.S. Continuing Claims for week of February 6 unchanged at 4,563,000; U.S. Jobless Claims rose 31K to 473K in week of February 13; compared to survey of an increase by 5K.

Philadelphia Fed Manufacturing Index:
Philadelphia Fed February Business Index 17.6 versus January 15.2; Philadelphia Fed February Business Index 17.6 versus January 15.2; Philadelphia Fed February Business Index Expected 15.0; Philadelphia Fed February Price Paid 32.4 versus January 33.2; Philadelphia Fed February Price Received 3.7 versus January 2.7; Philadelphia Fed February Employment 7.4 versus January 6.1; Philadelphia Fed February New Orders 22.7 versus January 3.2; Philadelphia Fed February Shipments 19.7 versus January 11.0; Philadelphia Fed February Delivery Times fell 2.1 versus January 6.6; Philadelphia Fed February Inventories 3.2 versus January decrease by 1.6.

Crude Oil Inventories released by Department of Energy [DOE]:
U.S. Crude Oil Stockpiles rose 3.085 Million Barrels at 334.503 Million Barrels; U.S. Gasoline Stockpiles rose 1.62 Million Barrels at 232.065 Million Barrels; U.S. Distillate Stockpiles fell 2.937 Million Barrels in week; was seen decreasing by 1.5 Million Barrels; U.S. Refineries Ran at 79.75% capacity versus 79.11% week ago; U.S. Refineries Ran at 79.75%capacity compared to expectations of 79.30%.

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 83.89 points, EOD 10,393.13
NYSE (New York Stock Exchange) gain 45.18, EOD 7,080.38
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 15.57 points, EOD 2,241.86
S&P 500 (SPX) gain 6.92 points, EOD 1,106.43
BEL 20 (BEL20) gain 5.57 points, EOD 2,518.41
CAC 40 (CAC40) gain 22.62 points, EOD 3,747.83
FTSE100 (UKX100) gain 48.45 points, EOD 5,325.09
NIKKEI 225 (NIK/O) gain 44.02 points, EOD 10,335.69

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,099 declined stock prices 988, unchanged stock prices 104, stock prices hitting new highs 173 and stock prices hitting new lows 2. 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: CME shed 1.39, HOD 294.36, LOD 290.51, EOD 291.69; FAS gain 1.12, HOD 72.42, LOD 69.60, EOD 71.79; *** shed 2.30, HOD 27.14, LOD 25.28, EOD 26.00; CF shed 2.54, HOD 104.38, LOD 100.87, EOD 102.01; LL shed 2.23, HOD 25.03, LOD 22.04, EOD 22.57; CLW shed 9.08, HOD 55.93, LOD 42.71, EOD 44.23; CLF gain 3.50, HOD 51.44, LOD 47.31, EOD 50.90; AAP shed 2.73, HOD 40.35, LOD 39.08, EOD 40.15.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,581, declined stock prices 1,091, unchanged stock prices 144, stock prices hitting new highs 102 and stock prices hitting new lows 13. 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 gain 10.08, HOD 498.88, LOD 486.11, EOD 497.60; CECO gain 3.13, HOD 26.16, LOD 23.33, EOD 26.00; PCLN gain 20.08, HOD 235.80, LOD 226.02, EOD 232.95; AAPL gain 0.37, HOD 203.89, LOD 200.92, EOD 202.92; FSLR gain 2.07, HOD 127.00, LOD 124.05, EOD 126.29; XNPT shed 12.93, HOD 7.13, LOD 6.39, EOD 6.67; RAIL shed 1.15, HOD 21.11, LOD 19.90, EOD 20.19; ITRI gain 4.84, HOD 68.47, LOD 65.45, EOD 67.29; SNPS shed 0.31, HOD 22.14, LOD 21.75, EOD 21.79; JACK shed 1.19, HOD 21.34, LOD 20.42, EOD 20.51.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 266, declined stock prices 234, unchanged stock prices 39, stock prices hitting new highs 10 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) Mar 10: EOD 1105.75; Change 6.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,823.00; Change 11.25
E-mini DOW $5 (YM) Mar 10: EOD 10,376; Change 80
E-mini S&P MidCap 400 (MF) Mar 10: EOD 735.50; Change 2.70
Nikkei 225 (Yen) Mar 10: EOD 10,415; Change 50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7348 U.S. Dollars 1.3609
Japanese Yen 91.2600 to U.S. Dollars 0.0110
British Pound 0.6405 to U.S. Dollars 1.5614
Canadian Dollar 1.0413 to U.S. Dollars 0.9603
Swiss Franc 1.0774 to U.S. Dollars 0.9282

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) gain $1.79, EOD $79.12 per barrel ($US per barrel)
Heating Oil (March 10) gain $0.05, EOD $2.06 a gallon ($US per gallon)
Natural Gas (April 10) shed $0.20, EOD $5.16 per million BTU ($US per mmbtu.)
Unleaded Gas (March 10) gain $0.06, EOD $2.07 gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 10) shed $1.10, EOD $1,119.00 ($US per Troy ounce)
Silver (March 10) shed $0.08, EOD $16.02 ($US per Troy ounce)
Platinum (April 10) shed $4.10, EOD $1,533.00 ($US per Troy ounce)
Copper (May 10) gain $0.05, EOD $3.31 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $1.08, EOD $70.28
Pork Bellies (March 10) gain $1.60, EOD $87.20
Live Cattle (April 10) gain $0.90, EOD $93.05
Feeder Cattle (March 10) gain $0.90, EOD $102.48

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) shed $3.50, EOD $369.00
Soybeans (May 10) shed $5.75, EOD $957.50

BOND MARKET:
2 year EOD 100, change -1/32, Yield 0.86, Yield change 0.01
5 year EOD 99 3/32, change -8/32, Yield 2.44 Yield change 0.06
10 year EOD 98 21/32, change -13/32, Yield 3.78 Yield change 0.05
30 year EOD 98 8/32, change -18/32, Yield 4.73, change 0.04

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