Daily Market Commentary for April 15, 2009

President Barack Obama pledged to rewrite the “monstrous” U.S. tax code, which he said is “far too complicated” for most people to grasp. (read more at Millennium-Traders.Com)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Consumer Price Index:
U.S. March Consumer Prices fell by 0.1% compared to consensus of a drop by 0.1%; U.S. March CPI Excluding-Food & Energy increased by 0.2% compared to consensus of an increase by 0.1%; U.S. March CPI Unrounded fell by 0.138%; U.S. March CPI Unrounded Core increased by 0.171%; U.S. March CPI Energy Prices fell by 3.0%; U.S. March CPI Food Prices fell by 0.1%; U.S. CPI fell by 0.4% on the year which is the first decline since August 1955; U.S. Real Average Weekly Earnings unchanged in March.

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Daily Market Commentary for February 11, 2009 from Millennium-Traders.Com

CEO’s from several of the largest banks testified before House Financial Services Committee today, trying to explain what they have used their TARP funds for. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

International Trade:
U.S. December Trade Deficit $39.93B compared to consensus Deficit $35.0B; U.S. November Trade Balance Revised to Deficit of $41.58B from Deficit $40.44B; U.S. December Exports $133.80B, down 6.0%; U.S. December Imports $173.73B, down 5.5%.

EIA Energy Information Administration Petroleum Status Report as reported from the Department of Energy:
U.S. Crude Oil Stockpiles rose by 4.717 Million Barrels At 350.768 Million Barrels; U.S. Gasoline Stockpiles fell by 2.662 Million Barrels at 217.559 Million Barrels; U.S. Distillate Stockpiles fell by 1.026 Million Barrels at 141.565 Million Barrels; U.S. Refineries ran at capacity of 81.6% versus 83.5% a week Ago; U.S. Crude Oil Stockpiles rose by 4.7 Million Barrels in the week compared to expectations of an increase by 3 Million Barrels; U.S. Gasoline Stockpiles fell by 2.7 Million Barrels in the week compared to expectations of an increase by 400,000 Barrels; U.S. Distillate Stockpiles fell by 1 Million Barrels in the week compared to expectations of a drop by 1.5 Million Barrels; U.S. Refineries ran at capacity of 81.6% compared to expectations of a drop by 0.3 Points at 83.2%.

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 50.65 points to end the trading session at 7,939.53
NYSE (New York Stock Exchange) gain of 37.97 points to end the trading session at 5,252.68
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 5.77 points to end the trading session at 1,530.50
S&P 500 (SPX) gain of 6.58 points to end the trading session at 833.74
BEL 20 (BEL20) loss of 0.24 points to end the trading session at 1,884.02
CAC 40 (CAC40) gain of 6.97 points to end the trading session at 3,027.72
FTSE100 (UKX100) gain of 21.18 points to end the trading session at 4,234.26
NIKKEI 225 (NIK/O) loss of 23.09 points at the end the trading session at 7,945.94

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Daily Market Commentary for November 24, 2008 from Millennium-Traders.Com

A very important question from taxpayers is, should Citigroup still take $400M to have a baseball field named after them when the government/taxpayers gave them a loan? (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Existing Home Sales:
U.S. October Median Existing Home Price fell 11.3% on the year to $183,300; U.S. Inventory of Unsold U.S. Homes at 10.2 Months Supply.

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 387.57 points to end the trading session at 8,433.99
NYSE (New York Stock Exchange) triple digit gain of 351.22 points to end the trading session at 5,311.01
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 87.67 points to end the trading session at 1,472.02
S&P 500 (SPX) gain of 51.28 points to end the trading session at 851.32
FTSE All-World Index data excluding U.S. (AW01UK) gain of 9.01 points to end the trading session at 137.32
FTSE RAFI 1000 triple digit gain of 220.90 points to end the trading session at 3,219.26
BEL 20 (BEL20) gain of 44.48 points to end the trading session at 1,828.18
CAC 40 (CAC40) triple digit gain of 290.85 points to end the trading session at 3,172.11
FTSE100 (UKX100) triple digit gain of 372 points to end the trading session at 4,152.96
NIKKEI 225 (NIK/O) - closed November 24

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Daily Market Commentary for November 10, 2008 from Millennium-Traders.Com

Its amazing how many billions, and billions of dollars were given to AIG, courtesy of the U.S. Treasury Department and the citizens of the United States. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

U.S. Conference Board: October Employment Trends Index fell by 1.8 percent to 105.3; and U.S. Conference Board September Employment Trends Index revised to 107.2 from 108.4.

Economic data released today: n/a

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) loss of 73.27 points on the day to end the trading session at 8,870.54
NYSE (New York Stock Exchange) loss of 69.93 points to end the trading session at 5,802.05
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 30.66 points to end the trading session at 1,616.74
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Daily Market Commentary for November 6, 2008 from Millennium-Traders.Com

Buyers remain on the sidelines and even still, they are definitely not looking to take any chance in getting in on these heavy market losses taken by stocks as of yet. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Jobless Claims:
U.S. Jobless Claims in week of November 1 fell 4K to 481K compared to survey of unchanged; U.S. Continuing Claims for week of October 25 rose by 122K to 3,843,000; U.S. Jobless Claims for week of October 25 Week revised to 485K from 479K; U.S. Insured Unemployment for week of November 1 highest since 1983.

Productivity and Costs:
U.S. Third Quarter Non-Farm Productivity increased by 1.1 percent compared to consensus of an increase by 0.4 percent; U.S. Third Quarter Unit Labor Costs increased by 3.6 percent compared to consensus of an increase by 3.0 percent.

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Daily Market Commentary for November 14, 2008 from Millennium-Traders.Com

During the upcoming weekend, world leaders from the Group of 20 consisting of the United States, members of the European Union, China, Saudi Arabia and Brazil, will be meeting in Washington for a summit on the current global economic crisis, in an effort to help right the economy. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Import and Export Prices: U.S. October Import Prices fell 4.7 percent compared to consensus of a drop by 4.0 percent; U.S. October Non-Petroleum Import Prices fell 0.9 percent; U.S. October Petroleum Import Prices fell 16.7 percent.

Retail Sales: U.S. October Retail & Food Sales fell 2.8 percent as compared to consensus of a drop by 2.4 percent; U.S. October Retail & Food Sales Excluding-Autos fell 2.2 percent; U.S. September Retail & Food Sales Revised to a drop by 1.3 percent from a drop by 1.2 percent.

Business Inventories: U.S. September Business Inventories fell 0.2 percent compared to expected drop by 0.1 percent.

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Daily Market Commentary for November 7, 2008 from Millennium-Traders.Com

The U.S. unemployment rate hit a 14-year high as the U.S. economy lost 240,000 job in October! (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Employment Situation:
U.S. October Nonfarm Payrolls fell by 240K as compared to consensus of a drop by 200K; U.S. October Unemployment Rate came in at 6.5 percent as compared to consensus of rate of 6.3 percent; U.S. October Average Hourly Earnings increased by $0.04 to $18.21; U.S. October Manufacturing Payrolls fell by 90K; U.S. October Service-Producing Payrolls fell by 108K; U.S. October Overall Workweek change by 0 Hours to 33.6 Hours; U.S. September Payrolls Revised to a drop by 284K from a drop by 159K which is the highest Since 2001; U.S. September Unemployment left Unrevised at 6.1 percent; U.S. Jobless Rate Highest since March 1994.

Wholesale Trade:
U.S. September Wholesale Inventories fell 0.1 percent compared to expected increase by 0.4 percent.

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 248.10 points on the day to end the trading session at 8,943.89
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Daily Market Commentary for November 5, 2008 from Millennium-Traders.Com

The markets began a new era today, in negative territory. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Mortgage Bankers’ Association (MBA) Purchase Applications:
U.S. MBA Refinancing Index falls 27.8 percent to 1075.4 from 1489.4; U.S. MBA Purchase Index falls 13.9 percent to 260.9 from 303.1; U.S. MBA Market Index falls 20.3 percent to 379.9 from 476.7.

ADP Employment Report:
ADP sees U.S. Private Sector Jobs for October down 157,000 and ADP U.S. Private Sector Jobs for October expected to be lower by 100,000.

Institute for Supply Management (ISM) Non-Manufacturing Survey:
U.S. ISM: Respondents worried about State of Economy; U.S. ISM: Prices Index lowest since July 2003; U.S. ISM October Non-Manufacturing New Orders Index came in at 44.0 versus September 50.8; U.S. ISM October Non-Manufacturing Prices Index came in at 53.4 versus September 70.0; U.S. ISM October Non-Manufacturing Employment Index came in at 41.5 versus September 44.2; U.S. ISM October Non-Manufacturing Business Index came in at 44.2 versus September 52.1; U.S. ISM October Non-Manufacturing Composite Index came in at 44.4 versus September 50.2; U.S. ISM October Non-Manufacturing Business Index came in at 44.2; U.S. ISM October Non-Manufacturing Composite Index expected to come in at 47.0; U.S. ISM October Non-Manufacturing Composite Index came in at 44.4.

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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 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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