Daily Market Commentary for September 17, 2010
Quadruple Witching
Quadruple witching brought much volatility to the market today. (Read more at
Millennium-Traders.Com)
Economic data released today:
CPI (MoM):
U.S. Real Average Weekly Earnings Unchanged in August; U.S. August CPI Energy Prices rose 2.3%; Food Prices rose 0.2%; U.S. August CPI Unrounded rose 0.254%; Core rose 0.046%; U.S. August CPI Excluding-Food & Energy Unchanged; Compared to Consensus of an increase by 0.1%; U.S. August Consumer Prices rose 0.3%; Compared to Consensus of an increase by 0.3%.
Michigan Consumer Sentiment Index:
University of Michigan 12-Month Inflation Forecast rose 2.2%; University of Michigan 5-Year Inflation Forecast rose 2.8%; University of Michigan Mid-September Expectations 59.1; University of Michigan Mid- September Current Index 78.4; University of Michigan Mid- September Sentiment 66.6.
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) gain 9.46 points, EOD 10,604.29
NYSE (New York Stock Exchange) shed 106.06, EOD 6,972.47
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 11.67 points, EOD 2,314.92
S&P 500 (SPX) gain 1.04 points, EOD 1,125.70
BEL 20 (BEL20) shed 16.07 points, EOD 2,569.22
CAC 40 (CAC40) shed 14.28 points, EOD 3,722.02
FTSE100 (UKX100) shed 31.69 points, EOD 5,508.45
NIKKEI 225 (NIK/O) triple digit gain 116.59 points, EOD 9,626.09
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,791, declined stock prices 1,260, unchanged stock prices 97, stock prices hitting new highs 246 and stock prices hitting new lows 19. 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: MEE shed 2.37, HOD 31.59, LOD 29.70, EOD 29.98; BLK gain 2.71, HOD 165.45, LOD 161.06, EOD 165.25; MA shed 2.93, HOD 214.35, LOD 209.96, EOD 213.24; CME shed 4.13, HOD 270.50, LOD 262.32, EOD 263.83; CRM shed 0.24, HOD 118.20, LOD 115.75, EOD 116.68.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,566, declined stock prices 1,140, unchanged stock prices 120, stock prices hitting new highs 105 and stock prices hitting new lows 45. 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: AAPL shed 1.25, HOD 277.96, LOD 273.68, EOD 275.32; RIMM gain 0.01, HOD 48.75, LOD 45.97, EOD 46.52; APOL gain 0.77, HOD 49.95, LOD 48.28, EOD 49.08; MLHR gain 0.05, HOD 19.19, LOD 17.76, EOD 18.44; ISRG gain 3.84, HOD 301.42, LOD 293.03, EOD 296.18; STRA gain 0.05, HOD 164.18, LOD 1569.50, EOD 157.15.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 256, declined stock prices 240, unchanged stock prices 35, stock prices hitting new highs 19 and stock prices hitting new lows 8.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1121.00; Change -1.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,953.00; Change 3.25
E-mini DOW $5 (YM) Mar 10: EOD 10,539; Change -11
Nikkei 225 (Yen) Mar 10: EOD 9,530; Change -5
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7666 to U.S. Dollars 1.3000
Japanese Yen 85.7650 to U.S. Dollars 0.0116
British Pound 0.6399 to U.S. Dollars 1.5600
Canadian Dollar 1.0303 to U.S. Dollars 0.9695
Swiss Franc 1.0098 to U.S. Dollars 0.9902
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 10) shed $0.91, EOD $73.66 per barrel ($US per barrel)
Heating Oil (October 10) gain $0.00, EOD $2.10 a gallon ($US per gallon)
Natural Gas (October 10) shed $0.03, EOD $4.02 per million BTU ($US per mmbtu.)
Unleaded Gas (October 10) shed $0.00 EOD $1.92 gallon ($US per gallon)
Metals Markets - Comex:
Gold (September 10) gain $3.70, EOD $1,275.60 ($US per Troy ounce)
Silver (September 10) gain $0.04, EOD $20.79 ($US per Troy ounce)
Platinum (September 10) gain $10.00, EOD $1,621.90 ($US per Troy ounce)
Copper (September 10) gain $0.03, EOD $3.51 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) shed $0.50, EOD $77.70
Pork Bellies (February 10) gain $0.50, EOD $108.00
Live Cattle (October 10) gain $0.70, EOD $99.40
Feeder Cattle (September 10) shed $0.40, EOD $111.82
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) gain $17.25, EOD $513.25
Soybeans (November 10) gain $32.75, EOD $1,069.00
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