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MTnews

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Recession
« on: December 05, 2008, 04:18:16 PM »
Daily Market Commentary for December 5, 2008 from Millennium-Traders.Com

Companies have shed jobs at the fastest rate since 1970's. Unemployment rate sits at its highest level not seen in 15 years. (read more)

Economic data released today:

Employment Situation:
U.S. November Nonfarm Payrolls fell by 533K as compared to consensus of a drop by 350K; U.S. November Unemployment Rate came in at 6.7 percent compared to consensus of a rate of 6.8 percent; U.S. November Average Hourly Earnings increased by $0.07 to $18.30; U.S. November Manufacturing Payrolls fell by 85K; U.S. November Service-Producing Payrolls fell by 370K; U.S. November Overall Workweek fell by 0.1 Hour to 33.5 Hours; U.S. October Payrolls Revised to a drop by 320K from a drop by 240K; U.S. October Unemployment left Unrevised at 6.5 percent; U.S. Payroll Loss Largest since December 1974; U.S. Jobless Rate Highest since October 1993.

Consumer Credit:
U.S. Consumer Credit Falls for second time in three months. September Consumer Credit revised to Up $6.7B from up $6.9B.

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) triple digit gain of 260.85 points to end the trading session at 8,637.09
NYSE (New York Stock Exchange) triple digit gain of 182.58 points to end the trading session at 5,414.84
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 63.75 points to end the trading session at 1,509.31
S&P 500 (SPX) gain of 30.85 points to end the trading session at 876.07
FTSE All-World Index data excluding U.S. (AW01UK) gain of 0.88 points to end the trading session at 137.42
FTSE RAFI 1000 triple digit gain of 132.95 points to end the trading session at 3,392.73
BEL 20 (BEL20) loss of 47.45 points to end the trading session at 1,800.87
CAC 40 (CAC40) triple digit loss of 173.15 points to end the trading session at 2,988.01
FTSE100 (UKX100) triple digit loss of 114.24 points to end the trading session at 4,049.37
NIKKEI 225 (NIK/O) loss of 6.73 points to end the trading session at 7,917.51

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,192, declined stock prices 965; unchanged stock prices 67; stock prices hitting new highs 5 and stock prices hitting new lows 174. 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: Rio Tinto (NYSE: RTP) stock price gained 4.21 points on the trading session, high on the trading session $65.46, low on the trading session $59.60 with a closing stock price at $64.93; Target Corporation (NYSE: TGT) stock price shed 0.92 points on the trading session, high on the trading session $35.24, low on the trading session $31.40 with a closing stock price at $34.96; JPMorgan Chase & Company (NYSE: JPM) stock price gained 2.27 points on the trading session, high on the trading session $34.00, low on the trading session $29.73 with a closing stock price at $33.35; Packaging Corporation of America (NYSE: PKG) stock price shed 1.62 points on the trading session, high on the trading session $12.97, low on the trading session $10.95 with a closing stock price at $11.52.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,949; declined stock prices 879; unchanged stock prices 138; stock prices hitting new highs 1 and stock prices hitting new lows 173. 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: Comtech Telecomm Corporation (NasdaqGS: CMTL) stock price gained 4.18 points on the trading session, high on the trading session $49.35, low on the trading session $46.07 with a closing stock price at $48.20; Thoratec Corporation (NasdaqGS: THOR) stock price gained 3.36 points on the trading session, high on the trading session $29.08, low on the trading session $26.46 with a closing stock price at $28.11; National Instruments Corporation (NasdaqGS: NATI) stock price shed 0.37 points on the trading session, high on the trading session $21.86, low on the trading session $20.25 with a closing stock price at $21.02;  First Solar Incorporated (NasdaqGS: FSLR) stock price gained 5.99 points on the trading session, high on the trading session $128.55, low on the trading session $115.00 with a closing stock price at $127.99; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 8.29 points on the trading session, high on the trading session $113.47, low on the trading session $102.80 with a closing stock price at $106.24.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 261; declined stock prices 346; unchanged stock prices 79; stock prices hitting new highs 2 and stock prices hitting new lows 37.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
E-mini S&P 500 (ES): End of trading session price 871.75; Change for the trading session 24.25
E-mini NASDAQ-100 (NQ): End of trading session price 1,174.75; Change for the trading session 39.75
E-mini DOW $5 (YM): End of trading session price 8,610; Change for the trading session 208
E-mini S&P MidCap 400 (MF): End of trading session price 491.10; Change for the trading session 14.10
E-mini S&P Small Cap 600 (HS): End of trading session price 245.40; Change for the trading session 9.00

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7852 to U.S. Dollars 1.2736
Japanese Yen 92.87 to U.S. Dollars 0.0108
British Pound 0.6779 to U.S. Dollars 1.4752
Canadian Dollar 1.2697 to U.S. Dollars 0.7876
Swiss Franc 1.2196 to U.S. Dollars 0.8199

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (January 09) shed $2.86 on the trading session for a closing price of $40.81 per barrel ($US per barrel)
Heating Oil (January 09) shed $0.08 on the trading session for a closing price of $1.43 a gallon ($US per gallon)
Natural Gas (January 09) shed $0.28 on the trading session for a closing price of $5.74 per million BTU ($US per mmbtu.)
Unleaded Gas (December 08) shed $0.07 on the trading session for a closing price of $0.90 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 09) shed $13.30 on the trading session for a closing price of $752.20 ($US per Troy ounce)
Silver (March 09) shed $0.09 on the trading session for a closing price of $9.43 ($US per Troy ounce)
Platinum (January 09) shed $11.60 on the trading session for a closing price of $787.20 ($US per Troy ounce)
Copper (March 09) shed $0.10 on the trading session for a closing price of $1.37 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) gained 0.55 on the trading session for a closing price of 64.20
Pork Bellies (February 09) shed 0.80 on the trading session for a closing price of 90.30
Live Cattle (February 09) shed 1.73 on the trading session for a closing price of 81.35
Feeder Cattle (January 09) shed 1.45 on the trading session for a closing price of 86.65

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) shed 24.75 on the trading session for a closing price of 309.25
Soybeans (January 09) shed 27.50 on the trading session for a closing price of 783.50

BOND MARKET:
2 year Bond closing price 100 20/32, -7/32, Yield 0.93, Yield change +0.11
5 year Bond closing price of 101 19/32, -22/32, Yield 1.66, Yield change +0.15
10 year Bond closing price 109 16/32, -30/32, Yield 2.65, Yield change +0.10
30 year Bond closing price 126 6/32, -1 29/32, Yield 3.13, Yield change +0.09

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

Stocks Trading Room: 
Jeannie $10,078
Barry $12,793
Sam $11,168
Scott $239

Futures Trading Room:
JT $4,920
James $4,085

Forex Trading Room:
JT $12,350

Daily Swing Trades:
Barry $5,450

Thanks for reading
Millennium-Traders.Com

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