Daily Market Commentary for November 9, 2010

Chevron

Major oil company Chevron announced today, they have agreed to buy Atlas Energy in a cash and stock deal. (Read more at Millennium-Traders.Com)

Economic data released today:

Redbook:
U.S. Retail Sales rose 2.6% Week Ended November 6 versus a Year Ago; U.S. Retail Sales First Week November rose 2.6% versus November a Year-Ago; U.S. Retail Sales First Week November 0.0% versus October.

IBD/TIPP Economic Optimism:
U.S. November IBD/TIPP 6-Month Economic Outlook 50.0; U.S. November IBD/TIPP Economic Optimism Index 46.7 versus 46.4 in October.

Wholesale Inventories (MoM):
U.S. September Wholesale Inventories rose 1.5%; was expected to rise 0.6%.

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 59.03 points, EOD 11,347.81
NYSE (New York Stock Exchange) shed 79.89, EOD 7,702.31
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 19.45 points, EOD 2,560.60
S&P 500 (SPX) shed 9.69 points, EOD 1,213.56
BEL 20 (BEL20) gain 19.42 points, EOD 2,702.84
CAC 40 (CAC40) gain 32.01 points, EOD 3,945.71
FTSE100 (UKX100) gain 25.23 points, EOD 5,875.19
NIKKEI 225 (NIK/O) shed 38.43 points, EOD 9,694.49

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 806, declined stock prices 2,270, unchanged stock prices 75, stock prices hitting new highs 294 and stock prices hitting new lows 16. 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: AGK N/A; BLK shed 4.49, HOD 167.50, LOD 164.49, EOD 164.40; DF shed 1.85, HOD 8.90, LOD 8.47, EOD 8.52; REE gain 0.06, HOD 11.69, LOD 10.41, EOD 10.62; SRE shed 2.05, HOD 52.99, LOD 51.13, EOD 51.59; CLF shed 2.06, HOD 71.88, LOD 68.11, EOD 68.83; AGQ shed 9.76, HOD 147.55, LOD 119.00, EOD 122.61; CRM gain 0.27, HOD 115.28, LOD 112.73, EOD 114.77; COV gain 2.15, HOD 44.47, LOD 42.80, EOD 43.50.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 779, declined stock prices 1,925, unchanged stock prices 125, stock prices hitting new highs 196 and stock prices hitting new lows 26. 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: PCLN gain 32.07, HOD 428.10, LOD 419.00, EOD 420.65; AAPL shed 2.54, HOD 321.30, LOD 314.50, EOD 316.08; AKAM shed 2.58, HOD 52.63, LOD 50.82, EOD 51.56; NFLX gain 1.33, HOD 174.90, LOD 169.42, EOD 170.46; PRGO shed 4.29, HOD 64.26, LOD 58.25, EOD 59.74; APEI gain 6.04, HOD 33.43, LOD 30.25, EOD 33.11; EBIX shed 1.11, HOD 28.21, LOD 24.81, EOD 25.17.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 170, declined stock prices 313, unchanged stock prices 34, stock prices hitting new highs 49 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1208.25; Change -11.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,166.75; Change -17.25
E-mini DOW $5 (YM) Mar 10: EOD 11,284; Change -78
Nikkei 225 (Yen) Mar 10: EOD 9,735; Change 25

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7270 to U.S. Dollars 1.3800
Japanese Yen 81.9350 to U.S. Dollars 0.0122
British Pound 0.6265 to U.S. Dollars 1.6000
Canadian Dollar 1.0070 to U.S. Dollars 0.9910
Swiss Franc 0.9696 to U.S. Dollars 1.03

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 10) shed $0.34, EOD $86.72 per barrel ($US per barrel)
Heating Oil (December 10) gain $0.00, EOD $2.41 a gallon ($US per gallon)
Natural Gas (December 10) shed $0.12, EOD $4.21 per million BTU ($US per mmbtu.)
Unleaded Gas (December 10) gain $0.00, EOD $2.18 gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) gain $6.90, EOD $1,410.10 ($US per Troy ounce)
Silver (December 10) gain $1.47, EOD $28.91 ($US per Troy ounce)
Platinum (January 11) gain $38.50, EOD $1,809.60 ($US per Troy ounce)
Copper (December 10) gain $0.08, EOD $4.04 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 10) shed $0.60, EOD $66.55
Pork Bellies (February 11) unchanged, EOD $104.50
Live Cattle (December 10) shed $0.20, EOD $98.20
Feeder Cattle (January 11) gain $1.80, EOD $113.42

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) shed $11.25, EOD $588.00
Soybeans (January 11) gain $55.25, EOD $1,330.00

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