Daily Market Commentary for October 14, 2010

Yahoo

There was talk today that AOL is considering taking over rival Yahoo; Yahoo's shares were soaring on the news. (Read more at Millennium-Traders.Com)

Economic data released today:

PPI (MoM):
U.S. August PPI Unrevised at +0.4%; U.S. September Passenger Car Prices rose 0.5%; U.S. September PPI Energy Prices rose 0.5%; U.S. September PPI Crude Goods fell 0.5%; Core rose 5.5%; U.S. September PPI Intermediate Goods rose 0.5%; Core rose 0.2%; August Exports $153.87B, rose 0.2%; Imports $200.22B, rose 2.1%; U.S. September PPI Ex-Food & Energy rose 0.1%; Compared to Consensus of an increase by 0.1%; U.S. August Trade Deficit $46.35B; Consensus Deficit $43.4B; U.S. September Producer Prices rose 0.4%; Consensus of an increase by 0.1%.

Trade Balance:
U.S. Trade Deficit With China Surges to Record in August; July Trade Balance Revised to Deficit $42.58B from Deficit $42.78B.

Initial Jobless Claims (MoM):
U.S. October 2 Week Continuing Claims fell 112K to 4,399,000; U.S. October 2 Week Jobless Claims Revised to 449K from 445K; U.S. Jobless Claims rose 13K to 462K in Week Ended October 9; Compared to Survey of an increase by 1K.

Crude Oil Inventories as released by DOE:
U.S. Refineries Ran at 81.9% capacity; was Seen at 83.00% capacity; U.S. Refineries Ran at 81.9% capacity versus 83.1% capacity a Week Ago; U.S. Distillate Stocks fell 0.255 Million Barrels in Week; was Seen decreasing by 1.5 Million Barrels; U.S. Distillate Stocks fell 0.255 Million Barrels at 172.21 Million Barrels; U.S. Gasoline Stocks fell 1.769 Million Barrels in Week; was Seen decreasing by 1.4 Million Barrels; U.S. Gasoline Stocks fell 1.769 Million Barrels at 218.174 Million Barrels; U.S. Crude Oil Stocks fell 0.416 Million Barrels in Week; was Seen increasing by 1.2 Million Barrels; U.S. Crude Oil Stocks fell 0.416 Million Barrels at 360.532 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 1.81 points, EOD 11,094.27
NYSE (New York Stock Exchange) gain 71.38, EOD 7,561.50
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 7 points, EOD 2,434.23
S&P 500 (SPX) shed 4.58 points, EOD 1,173.52
BEL 20 (BEL20) shed 7.47 points, EOD 2,662.91
CAC 40 (CAC40) shed 9.17 points, EOD 3,819.17
FTSE100 (UKX100) shed 20.14 points, EOD 5,727.21
NIKKEI 225 (NIK/O) triple digit gain 180 points, EOD 9,583.51

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,186, declined stock prices 1,871, unchanged stock prices 98, stock prices hitting new highs 230 and stock prices hitting new lows 9. 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: DV shed 8.53, HOD 44.45, LOD 41.31, EOD 42.05; GWW shed 3.64, HOD 122.77, LOD 119.80, EOD 121.64; CME gain 1.40, HOD 265.50, LOD 261.00, EOD 265.12.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,219, declined stock prices 1,454, unchanged stock prices 123, stock prices hitting new highs 155 and stock prices hitting new lows 23. 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: APOL shed 11.53, HOD 39.00, LOD 36.43, EOD 38.00; COCO shed 1.23, HOD 5.39, LOD 4.75, EOD 4.79; STRA shed 21.06, HOD 140.00, LOD 132.01, EOD 135.99; CECO shed 3.01, HOD 17.72, LOD 16.36, EOD 17.17.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 211, declined stock prices 266, unchanged stock prices 47, stock prices hitting new highs 36 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 1167.75; Change -6.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,049.75; Change -6.25
E-mini DOW $5 (YM) Mar 10: EOD 11,013; Change -31
Nikkei 225 (Yen) Mar 10: EOD 9,535; Change 35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7109 to U.S. Dollars 1.4100
Japanese Yen 81.4650 to U.S. Dollars 0.0122
British Pound 0.6249 to U.S. Dollars 1.6000
Canadian Dollar 1.0056 to U.S. Dollars 0.9937
Swiss Franc 0.9527 to U.S. Dollars 1.05

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (November 10) shed $0.32, EOD $82.69 per barrel ($US per barrel)
Heating Oil (November 10) shed $0.01, EOD $2.28 a gallon ($US per gallon)
Natural Gas (November 10) shed $0.03, EOD $3.66 per million BTU ($US per mmbtu.)
Unleaded Gas (November 10) shed $0.02, EOD $2.14 gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) gain $7.10, EOD $1,377.60 ($US per Troy ounce)
Silver (December 10) gain $0.50, EOD $24.44 ($US per Troy ounce)
Platinum (January 10) gain $5.20, EOD $1,712.60 ($US per Troy ounce)
Copper (December 10) shed $0.00, EOD $3.82 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 10) shed $2.85, EOD $68.85
Pork Bellies (February 10) unchanged, EOD $102.00
Live Cattle (December 10) shed $0.20, EOD $98.28
Feeder Cattle (November 10) gain $0.00, EOD $108.12

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 10) shed $2.00, EOD $567.25
Soybeans (November 10) gain $12.00, EOD $1,199.00

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