Daily Market Commentary for October 28, 2010

Oil Companies

Oil companies saw a big increase in third quarter profits. (Read more at Millennium-Traders.Com)

Economic data released today:

Initial Jobless Claims (MoM):
U.S. Jobless Claims Fall to Lowest Level since July 10; U.S. Week of October 16 Jobless Claims Revised to 455K from 452K; U.S. Week of October 16 Continuing Claims fell 122K to 4,356,000; U.S. Jobless Claims fell 21K to 434K in Week of October 23; Compared to Survey of an increase by 3K.

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 16.72 points, EOD 11,109.56
NYSE (New York Stock Exchange) gain 23.75, EOD 7,504.62
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 3.99 points, EOD 2,507.25
S&P 500 (SPX) gain 1.14 points, EOD 1,183.59
BEL 20 (BEL20) gain 4.69 points, EOD 2,677.40
CAC 40 (CAC40) gain 19.07 points, EOD 3,834.84
FTSE100 (UKX100) gain 31.87 points, EOD 5,677.89
NIKKEI 225 (NIK/O) shed 21 points,, EOD 9,366.03

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,553, declined stock prices 1,491, unchanged stock prices 120, stock prices hitting new highs 151 and stock prices hitting new lows 15. 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: POT shed 4.51, HOD 145.50, LOD 142.05, EOD 142.80; ZMH shed 2.47, HOD 50.76, LOD 47.60, EOD 49.40; SKX shed 4.31, HOD 19.95, LOD 19.00, EOD 19.32; LVS gain 3.51, HOD 46.15, LOD 43.68, EOD 44.57; BG shed 2.77, HOD 63.13, LOD 58.36, EOD 58.93; CME gain 6.95, HOD 289.58, LOD 281.20, EOD 28.40; CF shed 2.20, HOD 122.55, LOD 118.93, EOD 119.12; REE shed 1.47, HOD 14.00, LOD 10.75, EOD 11.30.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,126, declined stock prices 1,533, unchanged stock prices 128, stock prices hitting new highs 126 and stock prices hitting new lows 35. 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: ISSI shed 1.69, HOD 8.17, LOD 7.35, EOD 7.56; FIRE shed 7.26, HOD 25.07, LOD 21.48, EOD 23.73; AAPL shed 2.59, HOD 308.00, LOD 300.90, EOD 305.24; NFLX shed 2.80, HOD 179.22, LOD 173.05, EOD 175.70; SVNT shed 0.27, HOD 13.10, LOD 12.35, EOD 12.40; PCLN shed 4.92, HOD 375.84, LOD 365.30, EOD 367.58.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 252, declined stock prices 240, unchanged stock prices 33, stock prices hitting new highs 8 and stock prices hitting new lows 8.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1181.00; Change 2.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,12.00; Change 5.25
E-mini DOW $5 (YM) Mar 10: EOD 11,065; Change -7
Nikkei 225 (Yen) Mar 10: EOD 9,370; Change -30

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7176 to U.S. Dollars 1.3900
Japanese Yen 81.0250 to U.S. Dollars 0.0123
British Pound 0.6272 to U.S. Dollars 1.5900
Canadian Dollar 1.0205 to U.S. Dollars 0.9793
Swiss Franc 0.9827 to U.S. Dollars 1.02

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 10) gain $0.24, EOD $82.18 per barrel ($US per barrel)
Heating Oil (December 10) gain $0.00, EOD $2.26 a gallon ($US per gallon)
Natural Gas (December 10) gain $0.12, EOD $3.89 per million BTU ($US per mmbtu.)
Unleaded Gas (December 10) gain $0.00, EOD $2.08 gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) gain $19.90, EOD $1,342.50 ($US per Troy ounce)
Silver (December 10) gain $0.47, EOD $23.88 ($US per Troy ounce)
Platinum (January 11) gain $13.90, EOD $1,692.00 ($US per Troy ounce)
Copper (December 10) gain $0.01, EOD $3.79 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 10) shed $0.80, EOD $67.05
Pork Bellies (February 11) unchanged, EOD $104.00
Live Cattle (December 10) shed $0.65, EOD $99.35
Feeder Cattle (January 11) shed $0.60, EOD $111.18

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) gain $1.75, EOD $579.00
Soybeans (January 11) unchanged, EOD $1,236.00

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Fall Specials Available: Amazing Savings Valued Up To $750! Free Training Program, Free Month of Service, Free Book & Chart Settings. Limited Time Offer Only! See 'Fall Specials' tab on our website for complete details. http://www.millennium-traders.com/promotion.aspx.

Thanks for reading
Millennium-Traders.Com