Daily Market Commentary for November 3, 2008 from Millennium-Traders.Com

Many traders anticipate a change in market sentiment after the presidential election, has been decided by, we the people. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Construction Spending:
U.S. Construction Spending down 0.3 percent in September compared to consensus of a drop by 0.7 percent and August Construction Spending revised to increase by 0.3 percent from unchanged.

Institute for Supply Management Manufacturing Index:
U.S. ISM October Manufacturing Business Index came in at 38.9; U.S. ISM October Manufacturing Business Index expected to come in 41.5; U.S. ISM October Manufacturing Business Index came in at 38.9 versus September reading at 43.5; U.S. ISM October Prices Index came in at 37.0 versus September 53.5; U.S. ISM October Employment Index came in at 34.6 versus September reading at 41.8; U.S. ISM October New Orders Index came in at 32.2 versus September reading at 38.8; U.S. ISM October Production Index came in at 34.1 versus September reading at 40.8; U.S. ISM October Inventories Index came in at 44.3 versus September reading at 43.4.

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Daily Market Commentary for October 28, 2008 from Millennium-Traders.Com

The rally monkey was very content doing the rally jig, into the end of todays trading session. Quite a turn around in the markets today as the Bulls had clear and present control of the market direction with the DOW pounding out a whopping triple digit gain into the mid-afternoon trading session. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:
Consumer Confidence: Conference Board October Present Situation Index came in at 41.9 versus reading in September of 61.1; Conference Board October Expectations Index came in at 35.5 versus September reading of 61.5; Conference Board Consumer Confidence hit all time low during October.

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 session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain of 889.35 points on the day to end the trading session at 9,065.12
NYSE (New York Stock Exchange) triple digit gain of 536.92 points to end the trading session at 5,733.45
National Association of Securities Dealers Automated Quotations (NASDAQ) triple digit gain of 143.57 points to end the trading session at 1,649.47
S&P 500 gain of 91.59 points to end the trading session at 940.51
FTSE All-World excluding U.S. gain of 9.49 points to end the trading session at 143.12
FTSE RAFI 1000 triple digit gain of 341.21 points to end the trading session at 3,640.00
BEL 20 (BEL20) gain of 44.14 points to end the trading session at 1,898.35
CAC 40 (CAC40) gain of 47.57 points to end the trading session at 3,114.92
FTSE100 (UKX100) gain of 73.79 points to end the trading session at 3,926.38
NIKKEI 225 (NIK/O) triple digit gain of 459.02 points to end the trading session at 7,621.92

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Daily Market Commentary for November 4, 2008 from Millennium-Traders.Com

Today will be a historical day for all Americans as well as, people around the world.
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Redbook:
U.S. Retail Sales were down 1.2 percent during the month of October versus September according to Redbook Research’s latest indicator of national retail sales. The Johnson Redbook Index showed seasonally adjusted sales in the four-week period rose 0.6 percent compared to same time a year ago, compared with a targeted increase of 0.7%. Redbook said on an unadjusted basis, sales in the week ended November 1 were up
0.3 percent versus a year ago, following a gain of 0.7 percent a week earlier.

Factory Orders:
U.S. Factory Orders fell 2.5 percent in September compared to consensus of a drop by 0.6 percent; September Factory Orders, excluding Transportation fell 3.7 percent; September Factory Orders, excluding Defense fell 3.3 percent; September Durable Goods Revised to an increase by 0.9 percent from an increase by 0.8 percent; August Factory Orders Revised to a drop by 4.3 percent from a drop by 4.0 percent.

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Day trading
is one of the most active forms of trading which require high position sizing and quick responses to market changes. Because of this activeness, day trading involves more risk. The requirements of day traders are also high including real-time market access, news, charts and powerful technical analysis tools; and any system failure, wrong information or ineffective price analysis can result in huge loses. Reducing the risks involved is essential and here are some suggestions for that.

1. Targeting stocks of certain groups or industries.Specializing in stock of a handful of known industries or companies helps you to study the market deeply and to find more profitable trading opportunities. But never over specialize on one industry or group of companies, as this can increase your risk to market.

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I initially purchased the Investools program with my father to split the cost of the program. We figured that with both of us trading separately we could re-coup the investment fairly quickly. So after missing the boat on one occasion to purchase Investools, we finally got an opportunity to attend a “free” two day seminar when Investools sponsored one in Scottsdale AZ. We were excited to learn as much as possible so we could get started and begin banking in on all the claims made by Investools on their infomercials and by Investools members. We attended the two day course with credit card ready and our minds prepped to take in as much information as Investools was willing to offer.

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WSD Financial (NZ) Ltd. is a premier investment house headquartered in Auckland that caters to retail investors across various countries. “Today, more than anything clients need personal attention without preferences of whether the client is high net worth or just investing his savings for a better tomorrow. WSD Financial understands this very well, and provides each client with personalized attention and customized solutions. Being a “retail investment house”, WSD is able to provide a varied range of services and personalized service to its clients using global standard procedures and a 24/7 help desk,” says, Savas Macun- Director- Middle East Region.

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Daily Market Commentary for October 15, 2008 from Millennium-Traders.Com

Federal Reserve Chairman Ben Bernanke warned that credit markets will take time to unfreeze, adding that even if financial markets stabilize, the economy won’t recover right away. Bernanke kept the door open to further interest-rate cuts, saying policymakers will keep using “all the tools at our disposal” to restore stability in financial markets. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

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Day trading and swing trading foreign exchange (forex), contracts for difference (CFDs), individual stocks or stock market indices, for many people is an attractive proposition. That is why there are numerous adverts for systems, seminars or training courses that promise earnings of thousands of dollars a day. Not only that, many claim that this can be done with a relatively small amount of capital and limited risk. If you ignore these adverts of guaranteed riches, do your own research and develop your own trading system, you to could benefit from the advantages of day trading and swing trading.

First of all, with day trading you are your own boss. There is no need to report to work and take orders from anyone else all for the benefit of regular salary. Of course, that does not mean you should not treat it as a business, nor neglect the discipline required to be successful at day trading. It is still vital to put the required time and effort in to planning, executing and reviewing every trade and decision in order that you can refine and improve your system as time goes by.

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