Daily Market Commentary for March 24, 2011

European Debt Crisis

When Moody's downgraded 30 of Spain's smaller banks, the European debt crisis was thrust back into the spotlight. (Read more at http://www.millennium-traders.com/news/EuropeanDebtCrisis.aspx)

Economic data released today:

Durable Goods Orders:
January Durable Goods Excluding Transportation Revised to -3.0% from -3.6%; January Durable Goods Orders Revised to +3.6% from +3.2%; February Durable Goods Orders, Excluding Defense, rose 0.4%; February Durable Goods Orders, Excluding Transportation, fell 0.6%; U.S. February Durable Goods Orders fell 0.9%; Compared to Consensus of an increase by 1.5%.

Initial Jobless Claims:
U.S. Jobless Claims fell 5K to 382K in March 19 Week; Compared to Survey of Unchanged.

Continuing Jobless Claims:
U.S. March 12 Week Jobless Claims Revised to 387K from 385K; U.S. March 12 Week Continuing Claims fell 2K to 3,721,000.

Bloomberg Consumer Confidence:
U.S. Bloomberg Consumer Comfort Index fell 48.9 Last Week.

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 85.60 points, EOD 12,171.62
NYSE (New York Stock Exchange) gain 61.63, EOD 8,310.46
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 36.3 points, EOD 2,734.60
S&P 500 (SPX) gain 11.48 points, EOD 1,309.02
BEL 20 (BEL20) gain 25.17 points, EOD 2,655.77
CAC 40 (CAC40) gain 55.11 points, EOD 3,968.84
FTSE100 (UKX100) gain 84.99 points, EOD 5,880.87
NIKKEI 225 (NIK/O) shed 14.46 points, EOD 9,435.01

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,012, declined stock prices 1,041, unchanged stock prices 97, stock prices hitting new highs 138 and stock prices hitting new lows 14. 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: MCP gain 3.64, HOD 56.78, LOD 53.11, EOD 55.34; BBY shed 1.66, HOD 32.98, LOD 29.85, EOD 30.19; AGO gain 0.47, HOD 14.98, LOD 14.42, EOD 14.91; SI gain 2.37, HOD 132.26, LOD 130.21, EOD 131.87; CCJ shed 0.58, HOD 31.90, LOD 30.88, EOD 31.01; IOC shed 0.32, HOD 75.25, LOD 72.72, EOD 73.83; CDE shed 0.45, HOD 36.07, LOD 34.37, EOD 34.69; CME shed 0.74, HOD 300.88, LOD 295.32, EOD 298.09.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,702, declined stock prices 994, unchanged stock prices 96, stock prices hitting new highs 112 and stock prices hitting new lows 24. 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: NFLX shed 0.18, HOD 233.12, LOD 226.32, EOD 228.88; AMZN gain 5.74, HOD 172.00, LOD 167.36, EOD 171.06; FFIV shed 0.74, HOD 96.71, LOD 93.45, EOD 94.93; GMCR shed 0.46, HOD 62.99, LOD 59.75, EOD 62.60; EBIX shed 7.20, HOD 30.35, LOD 21.08, EOD 22.52.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 232, declined stock prices 235, unchanged stock prices 35, stock prices hitting new highs 12 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1304.25; Change 12.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,308.75; Change 43.75
E-mini DOW $5 (YM) Mar 10: EOD 12,101; Change 80
Nikkei 225 (Yen) Mar 10: EOD 9535; Change 130

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7054 to U.S. Dollars 1.42
Japanese Yen 80.9650 to U.S. Dollars 0.0123
British Pound 0.6207 to U.S. Dollars 1.6100
Canadian Dollar 0.9765 to U.S. Dollars 1.02
Swiss Franc 0.9084 to U.S. Dollars 1.10

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 11) shed $0.15, EOD $105.60 per barrel ($US per barrel)
Heating Oil (April 11) gain $0.00, EOD $3.08 a gallon ($US per gallon)
Natural Gas (April 11) shed $0.09, EOD $4.24 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) gain $0.02, EOD $3.05 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 11) shed $3.10, EOD $1,434.90 ($US per Troy ounce)
Silver (May 11) gain $0.17, EOD $37.38 ($US per Troy ounce)
Platinum (April 11) unchanged, EOD $1,760.00 ($US per Troy ounce)
Copper (May 11) shed $0.00, EOD $4.42 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) gain $0.67, EOD $101.20
Pork Bellies (March 11)unchanged, EOD $120.00
Live Cattle (June 11) gain $1.42, EOD $114.78
Feeder Cattle (August 11) gain $1.25, EOD $136.15

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) gain $21.50, EOD $702.50
Soybeans (May 11) gain $3.25, EOD $1,354.50

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