Daily Market Commentary for January 16, 2009 from Millennium-Traders.Com

With the historical inauguration of President-Elect Obama on Tuesday, its very likely that trading activity will be weak as well. (read more)

Economic data released today:

Consumer Price Index:
U.S. December Consumer Prices fell 0.7% compared to consensus of a drop by 0.8%; U.S. December CPI Ex-Food & Energy Unchanged compared to consensus of an increase by 0.1%; U.S. December CPI Unrounded fell 0.737%; U.S. December CPI Unrounded Core fell 0.015%; U.S. December CPI Energy Prices fell 8.3%; U.S. December CPI Food Prices fell 0.1%; U.S. Real Average Weekly Earnings rose 0.6% in December; U.S. CPI rose 0.1% in 2008 which is slowest rise since 1954.

Industrial Production:
U.S. December Industrial Production fell 2.0% compared to consensus of a drop by 1.2%; U.S. December Capacity Utilization fell 1.6-points at 73.6% compared to consensus of 74.5%; U.S. November Industrial Production Revised to a drop by 1.3% from a drop by 0.6%; U.S. November Capacity Use Revised to 75.2% from 75.4%.

University of Michigan Consumer Sentiment:
Mid-January Expectations 57.2 compared to December reading of 54.0; Mid-January Current Index 69.2 compared to December reading of 69.5; Mid-January Sentiment came in at 61.9 compared to December reading of 60.1; 5-Year Inflation Forecast rose 3.0% compared to December gain of 2.6%; 12-Month Inflation Forecast rose 2.0% compared to December gain of 1.7%.

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 of 68.73 points to end the trading session at 8,281.22
NYSE (New York Stock Exchange) gain of 39.75 points to end the trading session at 5,387.50
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 17.49 points to end the trading session at 1,529.33
S&P 500 (SPX) gain of 6.38 points to end the trading session at 850.12
FTSE All-World Index data excluding U.S. (AW01UK) gain of 1.47 points to end the trading session at 140.33
FTSE RAFI 1000 gain of 22.57 points to end the trading session at 3,245.94
BEL 20 (BEL20) loss of 4.46 points to end the trading session at 1,851.65
CAC 40 (CAC40) gain of 20.87 points to end the trading session at 3,016.75
FTSE100 (UKX100) gain of 25.95 points to end the trading session at 4,147.06
NIKKEI 225 (NIK/O) triple digit gain of 206.84 points at the end the trading session at 8,230.15

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,030, declined stock prices 1,070, unchanged stock prices 101, stock prices hitting new highs 7 and stock prices hitting new lows 47. 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: Direxion Financial Bear (NYSE: FAZ) stock price gained 3.61 points on the trading session, high on the trading session $69.57, low on the trading session $51.75, with a closing stock price at $62.61; Genentech Incorporated (NYSE: DNA) stock price gained 0.02 points on the trading session, high on the trading session $85.42, low on the trading session $83.75, with a closing stock price at $85.10; BP plc (NYSE: BP) stock price gained 0.71 points on the trading session, high on the trading session $44.88, low on the trading session $43.07, with a closing stock price at $44.21; BHP Billiton Limited (NYSE: BHP) stock price gained 0.67 points on the trading session, high on the trading session $41.02, low on the trading session $38.86, with a closing stock price at $40.45; Agrium Incorporated (NYSE: AGU) stock price gained 1.56 points on the trading session, high on the trading session $34.47, low on the trading session $32.36, with a closing stock price at $33.66; Potash Corporation Saskatchewan (NYSE: POT) stock price gained 2.48 points on the trading session, high on the trading session $74.38, low on the trading session $69.25, with a closing stock price at $72.34; ITT Educational Services Incorporated (NYSE: ESI) stock price gained 2.96 points on the trading session, high on the trading session $116.04, low on the trading session $109.69, with a closing stock price at $114.77; Rio Tinto plc (NYSE: RTP) stock price gained 2.35 points on the trading session, high on the trading session $91.94, low on the trading session $86.19, with a closing stock price at $88.77; ProShares Ultrashort Financials (NYSE: SKF) stock price gained 4.83 points on the trading session, high on the trading session $168.37, low on the trading session $137.87, with a closing stock price at $154.90.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,521, declined stock prices 1,238, unchanged stock prices 154, stock prices hitting new highs 8 and stock prices hitting new lows 62. 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: Meridian Bioscience Incorporated (NasdaqGS: VIVO) stock price shed 1.97 points on the trading session, high on the trading session $21.89, low on the trading session $20.73, with a closing stock price at $21.23.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 372, declined stock prices 211, unchanged stock prices 60, stock prices hitting new highs 7 and stock prices hitting new lows 13.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 847.75; Change for the trading session 8.50
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,197.00; Change for the trading session 19.25
E-mini DOW $5 (YM) Mar 09: End of trading session price 8,229; Change for the trading session 67
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 514.30; Change for the trading session 6.40
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 8,180; Change for the trading session 140

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7520 to U.S. Dollars 1.3297
Japanese Yen 90.650 to U.S. Dollars 0.0110
British Pound 0.6782 to U.S. Dollars 1.4746
Canadian Dollar 1.2490 to U.S. Dollars 0.8006
Swiss Franc 1.1168 to U.S. Dollars 0.8954

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (February 09) gained $1.11 on the trading session for a closing price of $36.10 per barrel ($US per barrel)
Heating Oil (March 09) shed $0.02 on the trading session for a closing price of $1.46 a gallon ($US per gallon)
Natural Gas (March 09) shed $0.03 on the trading session for a closing price of $4.81 per million BTU ($US per mmbtu.)
Unleaded Gas (February 09) shed $0.01 on the trading session for a closing price of $1.17 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 09) gained $32.60 on the trading session for a closing price of $839.90 ($US per Troy ounce)
Silver (March 09) gained $0.78 on the trading session for a closing price of $11.22 ($US per Troy ounce)
Platinum (April 09) gained $31.10 on the trading session for a closing price of $956.50 ($US per Troy ounce)
Copper (March 09) gained $0.07 on the trading session for a closing price of $1.53 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) gained 0.18 on the trading session for a closing price of 66.03
Pork Bellies (February 09) shed 0.48 on the trading session for a closing price of 83.33
Live Cattle (April 09) gained 0.38 on the trading session for a closing price of 87.68
Feeder Cattle (March 09) gained 0.08 on the trading session for a closing price of 94.38

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) gained 25.75 on the trading session for a closing price of 391.00
Soybeans (March 09) gained 25.50 on the trading session for a closing price of 1,020.50

BOND MARKET:

2 year Bond Closing price 100 9/32, change 0, Yield 0.71, Yield change -0.02
5 year Bond closing price of 100 5/32, change -14/32, Yield 1.46, Yield change 0.09
10 year Bond closing price 112 9/32, change -1 8/32, Yield 2.33, Yield change 0.13
30 year Bond closing price 131 17/32, change 23/32, Yield 2.89, Yield change 0.03

At the close of the week, performance results for our Moderators:

Stocks Trading Room: 
Jeannie $7,878
Barry $13,614
Sam $3,836
Scott $3,008

Futures Trading Room:
JT $6,557.50
James $1,285

Forex Trading Room:
JT $22,250

Daily Swing Trades:
Barry $14,330

Thanks for reading
Millennium-Traders.Com