Daily Market Commentary for July 13, 2010

Alcoa Aluminum

Alcoa aluminum reported better than expected earnings, sparking a rally early in the session. (Read more at Millennium-Traders.Com)

Economic data released today:

Trade Balance:
U.S. May Trade Deficit $42.27B; Compared to Consensus of a Deficit of $38.9B; April Trade Balance Revised to a Deficit of $40.32B from a Deficit of $40.29B; May Exports $152.25B, rose 2.4%; Imports $194.52B, rose 2.9%.

Redbook:
U.S. Retail Sales rose 3.1% Week Ended July 10 versus a Year Ago; U.S. Retail Sales First Week July rose 3.1% versus July a Year-Ago; U.S. Retail Sales First Week July fell 0.4% versus June.

IBD/TIPP Economic Optimism:
U.S. July IBD/TIPP 6-Month Economic Outlook 42.8; U.S. July IBD/TIPP Economic Optimism Index 44.7 versus 46.2 in June.

Federal Budget Balance:
U.S. Government Posts $68.4 Billion Total Budget Deficit in June; U.S. Government Deficit for Year 2010 to Date $1.004 Trillion; U.S. Government Deficit in June is 21st Straight Monthly Gap.

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 153.10 points, EOD 10,369.37
NYSE (New York Stock Exchange) triple digit gain 112.76, EOD 6,907.24
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 42.96 points, EOD 2,241.32
S&P 500 (SPX) gain 16.44 point, EOD 1,095.19
BEL 20 (BEL20) gain 45.99 points, EOD 2,516.26
CAC 40 (CAC40) gain 70.1 points, EOD 3,637.76
FTSE100 (UKX100) gain 104 points, EOD 5,271.02
NIKKEI 225 (NIK/O) shed 10.88 points, EOD 9,537.23

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,697, declined stock prices 417, unchanged stock prices 66, stock prices hitting new highs 88 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: RIG shed 2.11, HOD 55.00, LOD 51.83, EOD 51.95; AIG gain 2.38, HOD 38.37, LOD 36.03, EOD 37.95; CSX shed 0.76, HOD 53.90, LOD 50.80, EOD 51.70; CME gain 1.05, HOD 280.88, LOD 277.17, EOD 278.07; MOS shed 0.83, HOD 43.87, LOD 41.63, EOD 41.65; EOG gain 1.25, HOD 108.32, LOD 106.51, EOD 106.79; ID shed 0.30, HOD 7.49, LOD 7.11, EOD 7.21.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,257, declined stock prices 465, unchanged stock prices 98, stock prices hitting new highs 34 and stock prices hitting new lows 23. 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: VVUS gain 1.77, HOD 12.75, LOD 11.57, EOD 12.42; AAPL shed 5.56, HOD 256.40, LOD 246.43, EOD 251.73; CVLT shed 5.12, HOD 19.00, LOD 17.25, EOD 18.35; UPRO gain 5.93, HOD 138.26, LOD 134.14, EOD 136.74; PCLN gain 12.32, HOD 218.99, LOD 205.91, EOD 216.32; WYNN gain 3.41, HOD 82.05, LOD 77.00, EOD 81.22; FAST shed 2.18, HOD 52.84, LOD 50.25, EOD 50.44; NVLS gain 1.55, HOD 28.46, LOD 27.06, EOD 28.26.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 365, declined stock prices 137, unchanged stock prices 31, stock prices hitting new highs 6 and stock prices hitting new lows 7.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1091.75; Change 15.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,843.00; Change 22.75
E-mini DOW $5 (YM) Mar 10: EOD 10,312; Change 131
E-mini S&P MidCap 400 (MF) Mar 10: EOD 751.80; Change -15.90
Nikkei 225 (Yen) Mar 10: EOD 9,650; Change 70

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7864 to U.S. Dollars 1.2600
Japanese Yen 88.4650 to U.S. Dollars 0.0113
British Pound 0.6592 to U.S. Dollars 1.5200
Canadian Dollar 1.0329 to U.S. Dollars 0.9688
Swiss Franc 1.0547 to U.S. Dollars 0.9477

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (August 10) gain $2.20, EOD $77.15 per barrel ($US per barrel)
Heating Oil (August 10) gain $0.05, EOD $2.05 a gallon ($US per gallon)
Natural Gas (August 10) shed $0.03, EOD $4.35 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) gain $0.05, EOD $2.08 gallon ($US per gallon)

Metals Markets - Comex:
Gold (July 10) gain $14.80, EOD $1,213.30 ($US per Troy ounce)
Silver (July 10) gain $0.34, EOD $18.24 ($US per Troy ounce)
Platinum (July 10) gain $20.10, EOD $1,531.60 ($US per Troy ounce)
Copper (July 10) gain $0.01, EOD $3.01 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (July 10) shed $0.10, EOD $78.02
Pork Bellies (July 10) gain $0.50, EOD $102.20
Live Cattle (August 10) gain $0.87, EOD $90.95
Feeder Cattle (August 10) gain $0.95, EOD $113.62

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 10) shed $4.50, EOD $366.75
Soybeans (July 10) shed $1.25, EOD $1,030.50

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