Daily Market Commentary for September 23, 2010

Blockbuster

Many companies find themselves in major financial trouble following the economic crisis; Blockbuster is one of those companies. (Read more at Millennium-Traders.Com)

Economic data released today:

Initial Jobless Claims:
U.S. Jobless Claims rose 12K to 465K in Week of September 18; Compared to Survey of an increase by 3K; U.S. September 11 Week Jobless Claims Revised to 453K from 450K; U.S. September 11 Week Continuing Claims fell 48K to 4,489,000.

Existing Home Sales:
U.S. August Median Existing Home Price rose 0.8% on Year to $178,600; U.S. Inventory of Unsold U.S. Homes at 11.6 Months Supply; U.S. August Existing Home Sales rose 7.6% to 4.13M Rate; U.S. August Existing Home Sales up 7.6% to 4.13 Million Rate; U.S. August Existing Home Sales Consensus 4.10M Rate.

Leading Index (MoM) from U.S. Conference Board:
August Lagging Index rose 0.2%; August Coincident Index 0.0%; August Leading Index rose 0.3%.

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 73.94 points, EOD 10,665.37
NYSE (New York Stock Exchange) shed 69.32, EOD 7,141.51
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 8.21 points, EOD 2,326.34
S&P 500 (SPX) shed 9.57 points, EOD 1,124.71
BEL 20 (BEL20) shed 4.77 points, EOD 2,570.39
CAC 40 (CAC40) shed 24.44 points, EOD 3,710.61
FTSE100 (UKX100) shed 4.83 points, EOD 5,547.08
NIKKEI 225 (NIK/O) unchanged, EOD 9,566.32

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 929, declined stock prices 2,139, unchanged stock prices 96, stock prices hitting new highs 93 and stock prices hitting new lows 24. 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: EW gain 7.77, HOD 69.29, LOD 66.49, EOD 67.48; RHT gain 3.29, HOD 41.48, LOD 39.33, EOD 40.04; MCK shed 1.50, HOD 62.20, LOD 58.08, EOD 60.65; MA gain 0.47, HOD 223.20, LOD 217.01, EOD 219.50; CME shed 5.15, HOD 265.24, LOD 260.68, EOD 261.34; CRM shed 1.20, HOD 119.44, LOD 116.71, EOD 117.46; SCS gain 0.70, HOD 7.93, LOD 6.82, EOD 7.24; MTN shed 0.70, HOD 36.89, LOD 34.39, EOD 35.47.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 85, declined stock prices 1,738, unchanged stock prices 138, stock prices hitting new highs 63 and stock prices hitting new lows 41. 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: AAPL gain 0.60, HOD 292.76, LOD 286.00, EOD 288.42; NFLX gain 3.64, HOD 163.72, LOD 158.42, EOD 160.41; SVNT gain 0.99, HOD 23.22, LOD 21.52, EOD 22.84; STRA shed 0.67, HOD 172.97, LOD 159.69, EOD 159.69; ISRG shed 2.15, HOD 303.80, LOD 297.13, EOD 299.05; CPRT shed 3.87, HOD 33.55, LOD 31.28, EOD 32.19; BBBY gain 0.33, HOD 39.25, LOD 37.75, EOD 38.63.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 216, declined stock prices 248, unchanged stock prices 38, stock prices hitting new highs 12 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 1118.75; Change -11.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,978.00; Change -1.50
E-mini DOW $5 (YM) Mar 10: EOD 10,588; Change -85
Nikkei 225 (Yen) Mar 10: EOD 9,345; Change -85

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7510 to U.S. Dollars 1.3300
Japanese Yen 84.3150 to U.S. Dollars 0.0118
British Pound 0.6377 to U.S. Dollars 1.5700
Canadian Dollar 1.0315 to U.S. Dollars 0.9677
Swiss Franc 0.9854 to U.S. Dollars 1.01

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 10) gain $0.47, EOD $75.18 per barrel ($US per barrel)
Heating Oil (October 10) gain $0.00, EOD $2.11 a gallon ($US per gallon)
Natural Gas (October 10) gain $0.05, EOD $4.02 per million BTU ($US per mmbtu.)
Unleaded Gas (October 10) gain $0.01 EOD $1.92 gallon ($US per gallon)

Metals Markets - Comex:
Gold (September 10) gain $4.10, EOD $1,294.30 ($US per Troy ounce)
Silver (September 10) gain $0.15, EOD $21.19 ($US per Troy ounce)
Platinum (September 10) gain $17.30, EOD $1,650.20 ($US per Troy ounce)
Copper (September 10) gain $0.02, EOD $3.58 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) shed $0.27, EOD $78.42
Pork Bellies (February 10) unchanged, EOD $108.50
Live Cattle (October 10) shed $0.05, EOD $96.12
Feeder Cattle (September 10) shed $0.15, EOD $109.10

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) shed $5.75, EOD $499.25
Soybeans (November 10) gain $5.00, EOD $1,093.50

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