Daily Market Commentary for November 12, 2010

Chinese Government

Things got off on the wrong foot on Wall Street today, as investors fear the Chinese government will raise interest rates. (Read more at Millennium-Traders.Com)

Economic data released today:

Michigan Consumer Sentiment Index:
University of Michigan Mid-November Sentiment 69.3; University of Michigan mid- November Current Index 79.7; University of Michigan Mid- November Expectations 62.7; University of Michigan 12-Month Inflation Forecast rose 3.0%; University of Michigan 5-Year Inflation Forecast rose 2.8%.

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 90.60 points, EOD 11,192.50
NYSE (New York Stock Exchange) shed 99.63, EOD 7,623.61
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 36.17 points, EOD 2,519.35
S&P 500 (SPX) shed 14.26 points, EOD 1,199.28
BEL 20 (BEL20) shed 6.67 points, EOD 2,624.97
CAC 40 (CAC40) shed 36.23 points, EOD 3,831.12
FTSE100 (UKX100) shed 18.36 points, EOD 5,365.29
NIKKEI 225 (NIK/O) shed 136.65, EOD 9,724.81

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 550, declined stock prices 2,497, unchanged stock prices 81, stock prices hitting new highs 51 and stock prices hitting new lows 21. 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: AGQ shed 15.10, HOD 217.40, LOD 113.56, EOD 116.35; MOS shed 4.27, HOD 72.23, LOD 69.34, EOD 69.59; LVS shed 2.23, HOD 51.18, LOD 47.81, EOD 48.42; CRM shed 1.78, HOD 118.16, LOD 114.64, EOD 115.01; CF shed 7.77, HOD 126.27, LOD 118.50, EOD 119.86.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 537, declined stock prices 2,155, unchanged stock prices 99, stock prices hitting new highs 54 and stock prices hitting new lows 39. 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 shed 8.26, HOD 316.50, LOD 303.63, EOD 308.52; NFLX shed 1.63, HOD 176.89, LOD 170.10, EOD 173.42; BSDM gain 0.29, HOD 7.40, LOD 6.76, EOD 7.04; STRI shed 4.31, HOD 21.53, LOD 19.50, EOD 20.16; FNSR gain 1.41, HOD 20.45, LOD 19.29, EOD 19.42; NVDA gain 0.64, HOD 13.68, LOD 13.03, EOD 13.24.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 141, declined stock prices 351, unchanged stock prices 30, stock prices hitting new highs 10 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 1197.00; Change -14.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,136.75; Change -35.75
E-mini DOW $5 (YM) Mar 10: EOD 11,158; Change -84
Nikkei 225 (Yen) Mar 10: EOD 9,735; Change -110

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7299 to U.S. Dollars 1.3700
Japanese Yen 82.4450 to U.S. Dollars 0.0121
British Pound 0.6196 to U.S. Dollars 1.6100
Canadian Dollar 1.0094 to U.S. Dollars 0.9907
Swiss Franc 0.9810 to U.S. Dollars 1.02

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 10) shed $2.93, EOD $84.88 per barrel ($US per barrel)
Heating Oil (December 10) shed $0.06, EOD $2.36 a gallon ($US per gallon)
Natural Gas (December 10) shed $0.12, EOD $3.80 per million BTU ($US per mmbtu.)
Unleaded Gas (December 10) shed $0.02, EOD $2.21 gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) shed $37.80, EOD $1,365.50 ($US per Troy ounce)
Silver (December 10) shed $1.46, EOD $25.94 ($US per Troy ounce)
Platinum (January 11) shed $61.20, EOD $1,684.60 ($US per Troy ounce)
Copper (December 10) shed $0.12, EOD $3.89 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 10) shed $0.87, EOD $74.58
Pork Bellies (February 11) unchanged, EOD $104.50
Live Cattle (December 10) shed $1.12, EOD $101.75
Feeder Cattle (January 11) shed $0.67, EOD $114.40

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) shed $30.00, EOD $548.00
Soybeans (January 11) shed $70.00, EOD $1,269.00

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