Daily Market Commentary for October 27, 2010

Federal Reserve

Stocks started the day off lower as concerns grow about what the Federal Reserve will decide at their meeting next week. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index rose 3.2% at 828.9; Last Week 803.4; U.S. MBA Purchase Index rose 3.9% at 176.4; Last Week 169.7; U.S. MBA Refinance Index rose 3.0% at 4,626.1; Last Week 4,491.1.

Durable Goods Orders (MoM):
August Durable Goods Excluding Transportation Revised to rise 1.9% from an increase by 2.0%; August Durable Goods Orders Revised to fall 1.0% from a decrease by 1.5%; September Durable Goods Orders, Excluding Defense, rose 2.9%; September Durable Goods Orders, Excluding Transportation, fell 0.8%; U.S. September Durable Goods Orders rose 3.3%; Compared to Consensus of a decrease by 2.5%.

New Home Sales:
U.S. August New Home Sales Unrevised at 288K; U.S. September New Home Sales rose 6.6% to 307K; Compared to Consensus of 300K.

Crude Oil Inventories as reported by Department of Energy:
U.S. Refineries Ran at 83.7% capacity versus 82.5% capacity a Week Ago; U.S. Refineries Ran at 83.7% capacity; was Seen at 83.00% capacity; U.S. Distillate Stockpiles fell 1.613 Million Barrels in Week; was Seen decreasing by 1 Million Barrels; U.S. Gasoline Stockpiles fell 4.387 Million Barrels in Week; was Seen decreasing by 0.2 Million Barrels; U.S. Gasoline Stockpiles fell 4.387 Million Barrels at 214.942 Million Barrels; U.S. Crude Oil Stockpiles rose 5.007 Million Barrels in Week; was Seen increasing by 0.7 Million Barrels; U.S. Crude Oil Stockpiles rose 5.007 Million Barrels at 366.206 Million Barrels.

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 30.69 points, EOD 11,138.77
NYSE (New York Stock Exchange) shed 106.06, EOD 6,972.42
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 7.03 points, EOD 2,504.32
S&P 500 (SPX) shed 3.09 points, EOD 1,182.55
BEL 20 (BEL20) shed 20.03 points, EOD 2,672.71
CAC 40 (CAC40) shed 36.89 points, EOD 3,815.77
FTSE100 (UKX100) shed 61.28 points, EOD 5,646.02
NIKKEI 225 (NIK/O) gain 9.65 points,, EOD 9,387.03

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,076, declined stock prices 1,915, unchanged stock prices 134, stock prices hitting new highs 78 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: WHR shed 3.44, HOD 83.28, LOD 77.99, EOD 81.10; MEE gain 1.66, HOD 42.48, LOD 39.10, EOD 42.07; DPS gain 0.79, HOD 36.79, LOD 34.00, EOD 36.51; POT gain 1.95, HOD 148.44, LOD 144.23, EOD 147.50; CME gain 1.86, HOD 283.06, LOD 278.13, EOD 282.34; CF shed 0.11, HOD 121.59, LOD 118.30, EOD 121.39; ESI gain 0.10, HOD 63.59, LOD 62.05, EOD 62.46.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,031, declined stock prices 1,649, unchanged stock prices 117, stock prices hitting new highs 96 and stock prices hitting new lows 30. 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: EQIX gain 6.61, HOD 83.21, LOD 79.30, EOD 83.19; FFIV gain 15.04, HOD 118.99, LOD 111.53, EOD 117.58; SLAB gain 0.69, HOD 40.94, LOD 38.04, EOD 39.71; AAPL gain 0.22, HOD 309.90, LOD 305.60, EOD 307.83; NFLX gain 0.88, HOD 184.74, LOD 175.56, EOD 178.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 175, declined stock prices 309, unchanged stock prices 40, stock prices hitting new highs 6 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 1179.25; Change -3.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,124.25; Change 8.25
E-mini DOW $5 (YM) Mar 10: EOD 11,079; Change -45
Nikkei 225 (Yen) Mar 10: EOD 9,400; Change -30

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7266 to U.S. Dollars 1.3800
Japanese Yen 81.7150 to U.S. Dollars 0.0122
British Pound 0.6343 to U.S. Dollars 1.5800
Canadian Dollar 1.0290 to U.S. Dollars 0.9766
Swiss Franc 0.9907 to U.S. Dollars 1.01

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 10) shed $0.61, EOD $81.91 per barrel ($US per barrel)
Heating Oil (December 10) shed $0.01, EOD $2.26 a gallon ($US per gallon)
Natural Gas (November 10) shed $0.06, EOD $3.29 per million BTU ($US per mmbtu.)
Unleaded Gas (December 10) shed $0.00, EOD $2.08 gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) shed $16.00, EOD $1,322.60 ($US per Troy ounce)
Silver (December 10) shed $0.42, EOD $23.40 ($US per Troy ounce)
Platinum (January 11) shed $25.90, EOD $1,678.10 ($US per Troy ounce)
Copper (December 10) shed $0.09, EOD $3.78 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 10) shed $0.82, EOD $67.85
Pork Bellies (February 11) unchanged, EOD $104.00
Live Cattle (December 10) shed $0.10, EOD $100.00
Feeder Cattle (January 11) shed $0.15, EOD $111.78

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) gain $6.25, EOD $577.25
Soybeans (January 11) gain $5.00, EOD $1,236.00

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