Daily Market Commentary for July 28, 2010

Boeing

Boeing reported that second quarter profits were down from last year, but higher than analysts predicted. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Refinance Index fell 5.9% at 3,918.1; Last Week 4,161.9; U.S. MBA Purchase Index rose 2.0% at 172.3; Last Week 168.9; U.S. MBA Market Index fell 4.4% at 720.6; Last Week 753.5.

Durable Goods Orders (MoM):
May Durable Goods Orders Revised to fall 0.8% from a decrease by 0.6%; June Durable Goods Orders, Excluding-Defense, fell 0.7%; U.S. June Durable Goods Orders fell 1.0%; Compared to Consensus of an increase by 1.1%; June Durable Goods Orders, Excluding-Transportation, fell 0.6%.

Crude Oil Inventories released by DOE:
U.S. Crude Oil Stockpiles rose 7.308 Million Barrels at 360.764 Million Barrels; U.S. Crude Oil Stockpiles rose 7.308 Million Barrels in Week; was seen decreasing by 1.7 Million Barrels; U.S. Gasoline Stockpiles rose 0.091 Million Barrels at 222.245 Million Barrels; U.S. Gasoline Stockpiles rose 0.091 Million Barrels in Week; was seen increasing by 0.5 Million Barrels; U.S. Distillate Stockpiles rose 0.938 Million Barrels at 167.513 Million Barrels; U.S. Distillate Stockpiles rose 0.938 Million Barrels in Week; was seen increasing by 2.1 Million Barrels; U.S. Refineries Ran at 90.6% capacity versus 91.5% a Week Ago; U.S. Refineries Ran at 90.6%capacity; was seen at 91.00%.

Beige Book:
Fed's Beige Book: U.S. Economic Activity Rose only Modestly; Cleveland, Kansas City Fed District Activity Flat; Pace of Activity Slows in Atlanta, Chicago; Atlanta Concerned about Lower Leisure Travel in Gulf; Labor Markets Improved Modestly Across Fed Districts; Consumer Spending Continues to Rise, but Auto Sales Down; Commercial Real Estate, Construction Remain Weak; Loan Standards Remain Tight in Most Fed Districts; Consumer Prices Steady, Wage Pressures Contained.

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 39.81 points, EOD 10,497.88
NYSE (New York Stock Exchange) shed 45.59, EOD 6,999.40
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 23.6 points, EOD 2,264.65
S&P 500 (SPX) shed 7.66 points, EOD 1,106.18
BEL 20 (BEL20) shed 12.35 points, EOD 2,545.08
CAC 40 (CAC40) gain 3.96 points, EOD 3,670.36
FTSE100 (UKX100) shed 45.99 points, EOD 5,319.68
NIKKEI 225 (NIK/O) triple digit gain 256.42 points, EOD 9,753.27

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,001, declined stock prices 2,089, unchanged stock prices 94, stock prices hitting new highs 99 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: BP shed 0.34, HOD 38.10, LOD 37.32, EOD 37.66; APL gain 3.82, HOD 16.90, LOD 15.50, EOD 16.17; CEG shed 1.74, HOD 34.99, LOD 32.95, EOD 33.19; MA shed 3.35, HOD 214.90, LOD 210.17, EOD 210.88; BRY shed 0.39, HOD 30.68, LOD 28.79, EOD 29.85; CME gain 0.47, HOD 287.90, LOD 283.67, EOD 284.33; ESI shed 0.87, HOD 83.10, LOD 80.44, EOD 80.91.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 789, declined stock prices 1,869, unchanged stock prices 114, stock prices hitting new highs 37 and stock prices hitting new lows 34. 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 2.82, HOD 265.99, LOD 260.25, EOD 261.26; BWLD gain 0.82, HOD 44.31, LOD 41.59, EOD 41.67; SLAB shed 1.49, HOD 42.25, LOD 40.02, EOD 41.26; PNRA shed 0.48, HOD 80.00, LOD 76.29, EOD 78.12; CEPH shed 5.36, HOD 61.42, LOD 57.04, EOD 57.54; ISRG shed 5.39, HOD 337.92, LOD 328.35, EOD 330.07.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 228, declined stock prices 236, unchanged stock prices 38, stock prices hitting new highs 12 and stock prices hitting new lows 9.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1102.75; Change -8.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,872.25; Change -14.25
E-mini DOW $5 (YM) Mar 10: EOD 10,448; Change -46
E-mini S&P MidCap 400 (MF) Mar 10: EOD 760.40; Change -11.40
Nikkei 225 (Yen) Mar 10: EOD 9,655; Change 20

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7702 to U.S. Dollars 1.3000
Japanese Yen 87.4250 to U.S. Dollars 0.0114
British Pound 0.6416 to U.S. Dollars 1.5600
Canadian Dollar 1.0382 to U.S. Dollars 0.9632
Swiss Franc 1.0572 to U.S. Dollars 0.9457

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) shed $0.51, EOD $76.99 per barrel ($US per barrel)
Heating Oil (August 10) shed $0.00, EOD $2.00 a gallon ($US per gallon)
Natural Gas (August 10) gain $0.09, EOD $4.77 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) gain $0.00, EOD $2.06 gallon ($US per gallon)

Metals Markets - Comex:
Gold (July 10) gain $2.40, EOD $1,160.40 ($US per Troy ounce)
Silver (July 10) shed $0.19, EOD $17.42 ($US per Troy ounce)
Platinum (July 10) gain $5.00, EOD $1,539.50 ($US per Troy ounce)
Copper (July 10) gain $0.03, EOD $3.24 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) gain $1.07, EOD $83.30
Pork Bellies (August 10) unchanged, EOD $119.50
Live Cattle (August 10) shed $0.15, EOD $92.80
Feeder Cattle (August 10) shed $0.35, EOD $114.55

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) gain $13.50, EOD $376.25
Soybeans (August 10) gain $12.50, EOD $1,010.50

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