Daily Market Commentary for May 17, 2010

Euro

In today's trading session, the euro fell against the dollar, hitting 4 year lows. (Read more at Millennium-Traders.Com)

Economic data released today:

New York Empire State Manufacturing Index:
New York Fed's May Manufacturing Index 19.1 versus 31.86 in April; New York Fed May New Orders 14.3 versus 29.49 in April; New York Fed May Employment 22.4 versus 20.25 in April; New York Fed May Prices Received 5.26 versus 6.33 in April.

TIC Net Long-Term Transactions:
Net Foreign Long Term Securities Purchases $120.4B in March; Net Long Term Securities Purchases $140.5B in March; Net Foreign Capital Inflow $10.5B in March; Foreigners Net Buyers $108.5B U.S. Treasury Notes, Bonds in March; Foreigners Net Buyers $22.0B of US Agency Debt in March; Foreigners Net Buyers $16.0B of US Corp Bonds in March; Foreigners Net Buyers $11.2B of US Equities in March; China Buys $17.7B of U.S. Treasuries in March, Remains Top Holder.

NAHB Housing Market Index:
U.S. NAHB May Housing Index 22 versus 19 in April; NAHB Index Reading of 22 is Highest Since August 2007; Sales Expectations, Traffic of Prospective Buyers Rise.

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) gain 5.67 points, EOD 10,625.83
NYSE (New York Stock Exchange) shed 13.81, EOD 7,063.83
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 6.83 points, EOD 2,353.68
S&P 500 (SPX) gain 1.51 points, EOD 1,137.19
BEL 20 (BEL20) shed 8.1 points, EOD 2,439.07
CAC 40 (CAC40) shed 16.81 points, EOD 3,543.55
FTSE100 (UKX100) shed 0.31 points, EOD 5,262.54
NIKKEI 225 (NIK/O) shed 226.75, EOD 10,235.76

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,279, declined stock prices 1,876, unchanged stock prices 70, stock prices hitting new highs 32 and stock prices hitting new lows 31. 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: LOW shed 0.82, HOD 25.90, LOD 24.58, EOD 25.25; V shed 2.55, HOD 79.24, LOD 73.67, EOD 74.71; FAS unchanged, HOD 28.75, LOD 26.08, EOD 28.00; MEE shed 3.75, HOD 36.40, LOD 32.83, EOD 33.25; CME gain 0.64, HOD 318.23, LOD 310.08, EOD 316.05; ESI gain 7.50, HOD 111.50, LOD 100.95, EOD 110.01; PBR shed 0.60, HOD 38.03, LOD 36.22, EOD 37.05; CB gain 0.60, HOD 52.01, LOD 51.24, EOD 51.95.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,322, declined stock prices 1,435, unchanged stock prices 111, stock prices hitting new highs 45 and stock prices hitting new lows 58. 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: GOOG gain 0.44, HOD 508.36, LOD 498.35, EOD 507.97; AAPL gain 0.40, HOD 256.18, LOD 247.71, EOD 254.22; BIDU shed 0.80, HOD 75.10, LOD 71.64, EOD 73.18; PCLN shed 8.13, HOD 206.99, LOD 196.01, EOD 200.15; PWRD shed 8.23, HOD 28.75, LOD 24.58, EOD 24.71; FSLR shed 7.14, HOD 120.31, LOD 110.12, EOD 113.17; GMCR shed 5.33, HOD 76.40, LOD 68.54, EOD 70.52.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 151, declined stock prices 348, unchanged stock prices 33, stock prices hitting new highs 4 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1135.00; Change -0.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,913.00; Change 3.25
E-mini DOW $5 (YM) Mar 10: EOD 10,607; Change -2
E-mini S&P MidCap 400 (MF) Mar 10: EOD 790.20; Change 0.30
Nikkei 225 (Yen) Mar 10: EOD 10,300; Change 0.0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.8143 to U.S. Dollars 1.2400
Japanese Yen 92.5250 to U.S. Dollars 0.0108
British Pound 0.6986 to U.S. Dollars 1.4500
Canadian Dollar 1.0360 to U.S. Dollars 0.9679
Swiss Franc 1.1404 to U.S. Dollars 0.8841

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (June 10) shed $1.53, EOD $70.08 per barrel ($US per barrel)
Heating Oil (June 10) shed $0.07, EOD $1.99 a gallon ($US per gallon)
Natural Gas (June 10) gain $0.08, EOD $4.40 per million BTU ($US per mmbtu.)
Unleaded Gas (June 10) shed $0.08, EOD $2.04 gallon ($US per gallon)

Metals Markets - Comex:
Gold (May 10) gain $0.30, EOD $1,227.70 ($US per Troy ounce)
Silver (May 10) shed $0.36, EOD $18.84 ($US per Troy ounce)
Platinum (May 10) shed $52.20, EOD $1,661.20 ($US per Troy ounce)
Copper (May 10) shed $0.20, EOD $2.92 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (May 10) shed $2.05, EOD $81.50
Pork Bellies (May 10) shed $1.00, EOD $102.25
Live Cattle (June 10) shed $0.75, EOD $92.50
Feeder Cattle (May 10) shed $0.57, EOD $109.65

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) shed $7.00, EOD $356.00
Soybeans (May 10) shed $12.50, EOD $941.00

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