http://www.investorsparadise.com/forum/ http://www.eblah.com en http://www.investorsparadise.com/forum/m-1216420848/ http://www.investorsparadise.com/forum/m-1216420848/#num1
Earnings reported on Merrill Lynch (NYSE: MER) came in with a loss of $4.9 billion with a $9.4 billion in losses related to mortgage losses. Google shares (NasdaqGS: GOOG) got slammed after reported earnings at $1.25 billion or $3.92 per share. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) gain of 49.91 points on the day to end the trading session at 11,496.57
NYSE (New York Stock Exchange) gain of 38.80 points to end the trading session at 8,453.85
NASDAQ loss of 29.52 points to end the trading session at 2,282.78
S&P 500 gain of 0.36 points to end the trading session at 1,260.68
FTSE All-World ex-U.S. gain of 0.49 points to end the trading session at 224.61
FTSE RAFI 1000 gain of 14.52 points to end the trading session at 4,936.83
BEL 20 (BEL20) gain of 75.36 points to end the trading session at 3,075.21
CAC 40 (CAC40) gain of 73.37 points to end the trading session at 4,299.36
FTSE100 (UKX100) gain of 90.1 points to end the trading session at 5,376.4
NIKKEI 225 (NIK/O) loss of 84.25 points to end the trading session at 12,803.7

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,681; declined stocks 1,501; unchanged stocks 88; stocks hitting new highs 23; stocks hitting new lows 70. List of volatile stocks 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: Walter Industries Incorporated (NYSE: WLT) gained 3.34 points on the trading session, high on the trading session $94.84, low on the trading session $85.09 for a closing stock price at $90.09; Devon Energy Corporation (NYSE: DVN) gained 1.06 points on the trading session, high on the trading session $101.82, low on the trading session $96.06 for a closing stock price at $98.57; AptarGroup Incorporated (NYSE: ATR) shed 5.46 points on the trading session, high on the trading session $40.30, low on the trading session $37.21 for a closing stock price at $38.07; Valmont Industries Incorporated (NYSE: VMI) gained 15.23 points on the trading session, high on the trading session $112.00, low on the trading session $99.88 for a closing stock price at $108.82; CONSOL Energy Incorporated (NYSE: CNX) shed 0.60 points on the trading session, high on the trading session $85.16, low on the trading session $79.78 for a closing stock price at $81.89; Fluor Corporation (NYSE: FLR) shed 2.43 points on the trading session, high on the trading session $87.81, low on the trading session $83.37 for a closing stock price at $84.25; Entergy Corporation (NYSE: ETR) shed 0.06 points on the trading session, high on the trading session $115.77, low on the trading session $110.12 for a closing stock price at $110.60; BlackRock Incorporated (NYSE: BLK) gained 9.74 points on the trading session, high on the trading session $222.88, low on the trading session $204.49 for a closing stock price at $218.00; Ultrashort Financial (NYSE: SKF) shed 7.76 points on the trading session, high on the trading session $144.21, low on the trading session $133.50 for a closing stock price at $138.00; CME Group Incorporated (NYSE: CME) shed 2.13 points on the trading session, high on the trading session $340.13, low on the trading session $323.00 for a closing stock price at $332.67; Potash Corporation Saskatchewan (NYSE: POT) shed 4.11 points on the trading session, high on the trading session $215.59, low on the trading session $207.00 for a closing stock price at $209.11; Fannie Mae (NYSE: FNM) gained 2.47 points on the trading session, high on the trading session $14.14 low on the trading session $11.40 for a closing stock price at $13.40.

Market trends on the NASDAQ today: advanced stocks 1,286; declined stocks 1,603; unchanged stocks 142; stocks hitting new highs 36; stocks hitting new lows 77. List of volatile stocks 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: Gilead Sciences Incorporated (NasdaqGS: GILD) shed 5.65 points on the trading session, high on the trading session $51.61, low on the trading session $49.20 for a closing stock price at $49.75; Google Incorporated (NasdaqGS: GOOG) shed 53.44 points on the trading session, high on the trading session $498.98, low on the trading session $478.19 for a closing stock price at $480.00; Avocent Corporation (NasdaqGS: AVCT) shed 3.86 points on the trading session, high on the trading session $23.88, low on the trading session $20.64 for a closing stock price at $20.82; SemGroup Energy Partners LP (NasdaqGS: SGLP) shed 2.65 points on the trading session, high on the trading session $9.64, low on the trading session $5.98 for a closing stock price at $8.35.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 587; declined stocks 577; unchanged stocks 85; stocks hitting new highs 5; stocks hitting new lows 33.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1,260.50, change 0.00
E-mini NASDAQ-100 (NQ) end of day price 1,828.25, change -0.50
E-mini S&P SmallCap 600 (SMP) end of day price 363.50, change -0.60
$5 DJIA (YM) end of day price 11,502, change 1

World Currencies at time of this posting:
Euro 0.6310 to U.S. Dollars 1.5848
Japanese Yen 106.94 to U.S. Dollars 0.0094
British Pound 0.5004 to U.S. Dollars 1.9984
Canadian Dollar 1.0055 to U.S. Dollars 0.9945
Swiss Franc 1.0223 to U.S. Dollars 0.9782

Commodities Markets:
Energy Sector: Light Crude (NYM) shed $0.41 on the day for a closing price of the range of $128.88 a gallon ($US per bbl.); Heating Oil (NYM) shed $0.05 on the day for a closing price of $3.72 a gallon ($US per gal.); Natural Gas (NYM) gained $0.03 on the day for a closing price of $10.64 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.01 on the day for a closing price of $3.17 a gallon ($US per gal.).

Metals Markets:
Gold Market Price (CMX) shed $12.70 on the day for a closing price of $958.00 ($US per Troy oz.); Silver (CMX) shed $0.54 on the day for a closing price of $18.20 ($US per Troy oz.); Platinum (NYM) shed $46.40 on the day for a closing price of $1,854.00 ($US per Troy oz.) and Copper (CMX) shed $0.05 on the day for a closing price of $3.67 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.25 on the day for a closing price of 72.65; Pork Bellies (CME) shed 2.10 on the day for a closing price of 63.50; Live Cattle (CME) gained 0.05 on the day for a closing price of 105.10; Feeder Cattle (CME) gained 2.33 on the day for a closing price of 113.88.

Other Commodities (cents per bu.): Corn (CBT) shed 21.50 on the day for a closing price of 628.50 and Soybeans (CBT) shed 50.00 on the day for a closing price of 1,450.00.

Bond action for the day: 2 year bond shed 9/32 on the day for a closing price of 100 14/32 with a Yield of 2.64, Yield Change +0.15; 5 year bond shed 20/32 on the day for a closing price of 99 26/32 with a Yield of 3.41, Yield Change +0.14; 10 year bond shed 23/32 on the day for a closing price of 98 23/32 with a Yield of 4.08, Yield Change +0.15; the 30 year bond shed 20/32 on the day for a closing price of 95 18/32 with a Yield of 4.65, Yield Change +0.04.

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

Stocks Trading Room:  
Jeannie $11,828
Barry $19,617
Marty $13,255
Sam $4,356

Futures Trading Room:
JT $9,501.00

Forex Trading Room:
JT $9,600

Daily Swing Trades:
Barry $20,480

Weekly Swing Trades:
Jeannie $3,870

Access scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading services. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com]]> Fri, 18 Jul 2008 18:40:48 MTnews http://www.investorsparadise.com/forum/m-1216334856/ http://www.investorsparadise.com/forum/m-1216334856/#num1
Economic data released today assisted the markets with their move into higher ground. A surprising jump in housing starts ended up being as a result of a rush by builders to beat a July 1 deadline for stricter building codes, in New York. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) triple digit gain of 207.38 points on the day to end the trading session at 11,446.66
NYSE (New York Stock Exchange) gain of 82.14 points to end the trading session at 8,414.96
NASDAQ gain of 27.45 points to end the trading session at 2,312.30
S&P 500 gain of 14.15 points to end the trading session at 1,259.51
FTSE All-World ex-U.S. gain of 3.08 points to end the trading session at 223.85
FTSE RAFI 1000 gain of 94.15 points to end the trading session at 4,912.92
BEL 20 (BEL20) gain of 94.45 points to end the trading session at 2,999.85
CAC 40 (CAC40) triple digit gain of 113.54 points to end the trading session at 4,225.99
FTSE100 (UKX100) triple digit gain of 135.7 points to end the trading session at 5,286.3
NIKKEI 225 (NIK/O) triple digit gain of 127.15 points to end the trading session at 12,887.95

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 2,358; declined stocks 876; unchanged stocks 57; stocks hitting new highs 27; stocks hitting new lows 75. List of volatile stocks 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: Alliance Data Systems Corporation (NYSE: ADS) gained 7.01 points on the trading session, high on the trading session $59.03, low on the trading session $54.17 for a closing stock price at $59.01; Freddie Mac (NYSE: FRE) gained 1.50 points on the trading session, high on the trading session $9.69, low on the trading session $7.14 for a closing stock price at $8.33; BlackRock Incorporated (NYSE: BLK) gained 29.31 points on the trading session, high on the trading session $215.63, low on the trading session $185.40 for a closing stock price at $208.26; Textron Incorporated (NYSE: TXT) shed 2.73 points on the trading session, high on the trading session $45.00, low on the trading session $40.58 for a closing stock price at $43.25; Nucor Corporation (NYSE: NUE) shed 7.45 points on the trading session, high on the trading session $67.32, low on the trading session $56.56 for a closing stock price at $59.81; Monsanto Company (NYSE: MON) shed 1.62 points on the trading session, high on the trading session $120.90, low on the trading session $112.73 for a closing stock price at $115.57; Intercontinental Exchange Incorporated (NYSE: ICE) shed 3.33 points on the trading session, high on the trading session $95.70, low on the trading session $87.50 for a closing stock price at $90.41; Ultrashort Financial (NYSE: SKF) shed 13.99 points on the trading session, high on the trading session $155.65, low on the trading session $136.00 for a closing stock price at $145.76; CME Group Incorporated (NYSE: CME) gained 3.78 points on the trading session, high on the trading session $341.94, low on the trading session $292.61 for a closing stock price at $334.80; Fannie Mae (NYSE: FNM) gained 1.68 points on the trading session, high on the trading session $13.99 low on the trading session $9.63 for a closing stock price at $10.93; Potash Corporation Saskatchewan (NYSE: POT) shed 9.71 points on the trading session, high on the trading session $227.43, low on the trading session $205.00 for a closing stock price at $213.22; United States Steel Corporation (NYSE: X) shed 8.82 points on the trading session, high on the trading session $157.50, low on the trading session $141.80 for a closing stock price at $145.19.

Market trends on the NASDAQ today: advanced stocks 1,970; declined stocks 947; unchanged stocks 129; stocks hitting new highs 38; stocks hitting new lows 93. List of volatile stocks 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: Resources Connection Incorporated (NasdaqGS: RECN) gained 3.10 points on the trading session, high on the trading session $25.05, low on the trading session $22.50 for a closing stock price at $23.30; ValueClick Incorporated (NasdaqGS: VCLK) shed 2.76 points on the trading session, high on the trading session $11.54, low on the trading session $10.20 for a closing stock price at $11.01; TeleTech Holdings Incorporated (NasdaqGS: TTEC) shed 4.63 points on the trading session, high on the trading session $14.75, low on the trading session $10.02 for a closing stock price at $13.27; Research In Motion Limited (NasdaqGS: RIMM) shed 3.02 points on the trading session, high on the trading session $114.37, low on the trading session $109.76 for a closing stock price at $107.98; SemGroup Energy Partners LP (NasdaqGS: SGLP) shed 11.80 points on the trading session, high on the trading session $22.72, low on the trading session $10.16 for a closing stock price at $11.00; First Solar Incorporated (NasdaqGS: FSLR) shed 13.35 points on the trading session, high on the trading session $293.27, low on the trading session $276.27 for a closing stock price at $275.25.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 714; declined stocks 485; unchanged stocks 82; stocks hitting new highs 10; stocks hitting new lows 40.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1,252.25, change 11.25
E-mini NASDAQ-100 (NQ) end of day price 1,842.25, change -2.50
E-mini S&P SmallCap 600 (SMP) end of day price 359.90, change 0.00
$5 DJIA (YM) end of day price 11,381, change 175

World Currencies at time of this posting:
Euro 0.6316 to U.S. Dollars 1.5833
Japanese Yen 106.64 to U.S. Dollars 0.0094
British Pound 0.5004 to U.S. Dollars 1.9984
Canadian Dollar 1.0064 to U.S. Dollars 0.9936
Swiss Franc 1.0218 to U.S. Dollars 0.9787

Commodities Markets:
Energy Sector: Light Crude (NYM) shed $5.31 on the day for a closing price of the range of $129.29 a gallon ($US per bbl.); Heating Oil (NYM) shed $0.10 on the day for a closing price of $3.78 a gallon ($US per gal.); Natural Gas (NYM) shed $0.87 on the day for a closing price of $10.61 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.12 on the day for a closing price of $3.16 a gallon ($US per gal.).

Metals Markets:
Gold Market Price (CMX) gained $8.00 on the day for a closing price of $970.70 ($US per Troy oz.); Silver (CMX) shed $0.07 on the day for a closing price of $18.74 ($US per Troy oz.); Platinum (NYM) shed $38.00 on the day for a closing price of $1,900.40 ($US per Troy oz.) and Copper (CMX) gained $0.06 on the day for a closing price of $3.72 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.85 on the day for a closing price of 72.90; Pork Bellies (CME) shed 0.78 on the day for a closing price of 65.60; Live Cattle (CME) shed 1.30 on the day for a closing price of 105.05; Feeder Cattle (CME) gained 0.43 on the day for a closing price of 111.55.

Other Commodities (cents per bu.): Corn (CBT) shed 27.25 on the day for a closing price of 650.00 and Soybeans (CBT) shed 50.00 on the day for a closing price of 1,498.00.

Bond action for the day:
2 year bond shed 8/32 on the day for a closing price of 100 19/32 with a Yield of 2.56, Yield Change +0.13; 5 year bond shed 20/32 on the day for a closing price of 100 6/32 with a Yield of 3.33, Yield Change +0.14; 10 year bond shed 25/32 on the day for a closing price of 98 23/32 with a Yield of 4.03, Yield Change +0.10; the 30 year bond shed 24/32 on the day for a closing price of 95 27/32 with a Yield of 4.63, Yield Change +0.05.

International Monetary Fund, an international organization of 185 member countries issued these comments today: World economy in `tough spot` between slowdown, inflation; IMF lifts 2008 global growth forecast to 4.1% from 3.7%; IMF global growth estimate for 2009 rises to 3.9% from 3.8%; IMF raises 2008 U.S. growth estimate to 1.3% from 0.5%; IMF raises 2008 Euro area growth forecast to 1.7% from 1.4%; IMF lifts 2008 UK growth estimate to 1.8% from 1.6%; Japan 2008 GDP forecast edges up to 1.5% from 1.4%; IMF raises 2008 China growth forecast to 9.7% from 9.3%; China should continue move toward flexible currency; rate hikes more suitable for emerging than advanced economies; inflation bigger concern for developing countries; less fear of financial `meltdown,` but markets still fragile.

Philadelphia Fed July Business Index fell 16.3 versus a drop by 17.1 in June; Philadelphia Fed July Business Index Expected fell by 15.0; Philadelphia Fed July Price Paid 75.6 versus June 69.3; Philadelphia Fed July Price Received 28.8 versus June 29.7; Philadelphia Fed July Employment fell 7.3 versus June decrease by 6.9; Philadelphia Fed July New Orders fell 12.1 versus June decrease by 12.4; Philadelphia Fed July Shipments fell 8.0 versus June decrease by 6.7; Philadelphia Fed July Delivery Times -10.7 versus June decrease by 8.0; Philadelphia Fed July Inventories fell 7.5 versus June decrease by 12.6; Philadelphia Fed July Price Paid 75.6 versus June 69.3.

U.S. Jobless Claims rose 18K to 366K for week of July 12 compared to survey of an increase by 34K; U.S. Continuing Claim for week of July 5 fell 81K to 3,122,000; U.S. Jobless Claims for week of July 5 Week are revised to 348K from 346K; U.S. June Housing Starts rose 9.1% to 1.066M compared to consensus of a drop by 1.2%; Building Permits increased by 11.6% to 1.091 Million Rate in June; May Housing Starts Revised to a decrease by 2.7% from a decrease by 3.3%.

Access scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading services. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com]]> Thu, 17 Jul 2008 18:47:36 MTnews http://www.investorsparadise.com/forum/m-1216251219/ http://www.investorsparadise.com/forum/m-1216251219/#num1
Crude oil sank lower today, losing 7.3 percent for the week amidst the surge in the Stock Markets. Crude has not see such a one day dollar amount decline in 17 years. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) triple digit gain of 276.01 points on the day to end the trading session at 11,238.55
NYSE (New York Stock Exchange) triple digit gain of 174.91 points to end the trading session at 8,332.71
NASDAQ gain of 69.14 points to end the trading session at 2,284.85
S&P 500 gain of 30.08 points to end the trading session at 1,244.99
FTSE All-World ex-U.S. gain of 2.07 points to end the trading session at 220.43
FTSE RAFI 1000 triple digit gain of 151.90 points to end the trading session at 4,801.38
BEL 20 (BEL20) gain of 41.96 points to end the trading session at 2,905.40
CAC 40 (CAC40) gain of 51.3 points to end the trading session at 4,112.45
FTSE100 (UKX100) loss of 21.3 points to end the trading session at 5,150.6
NIKKEI 225 (NIK/O) gain of 6.24 points to end the trading session at 12,760.8

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 2,385; declined stocks 849; unchanged stocks 69; stocks hitting new highs 17; stocks hitting new lows 310. List of volatile stocks 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: CONSOL Energy Incorporated (NYSE: CNX) shed 5.26 points on the trading session, high on the trading session $100.79, low on the trading session $89.24 for a closing stock price at $90.7 6; Chicago Bridge & Iron Company (NYSE: CBI) shed 5.74 points on the trading session, high on the trading session $31.04, low on the trading session $27.50 for a closing stock price at $30.65;  Wells Fargo & Company (NYSE: WFC) gained 6.72 points on the trading session, high on the trading session $27.32, low on the trading session $23.20 for a closing stock price at $27.23;  United States Steel Corporation (NYSE: X) shed 1.04 points on the trading session, high on the trading session $157.30, low on the trading session $146.41 for a closing stock price at $154.01; Cleveland-Cliffs Incorporated (NYSE: CLF) shed 7.44 points on the trading session, high on the trading session $106.89, low on the trading session $97.36 for a closing stock price at $104.02; Occidental Petroleum Corporation (NYSE: OXY) shed 3.20 points on the trading session, high on the trading session $80.13, low on the trading session $75.25 for a closing stock price at $77.00; Alpha Natural Resources Incorporated (NYSE: ANR) gained 10.01 points on the trading session, high on the trading session $119.30, low on the trading session $102.89 for a closing stock price at $104.93; Entergy Corporation (NYSE: ETR) shed 2.67 points on the trading session, high on the trading session $118.94, low on the trading session $114.94 for a closing stock price at $115.61; CME Group Incorporated (NYSE: CME) gained 8.93 points on the trading session, high on the trading session $331.02, low on the trading session $300.86 for a closing stock price at $317.48; CF Industries Holdings Incorporated (NYSE: CF) shed 0.23 points on the trading session, high on the trading session $159.98, low on the trading session $151.00 for a closing stock price at $158.81; Walter Industries Incorporated (NYSE: WLT) gained 8.37 points on the trading session, high on the trading session $103.90, low on the trading session $92.33 for a closing stock price at $100.83; Devon Energy Corporation (NYSE: DVN) shed 4.81 points on the trading session, high on the trading session $106.94, low on the trading session $99.96 for a closing stock price at $101.38; Rio Tinto plc (NYSE: RTP) shed 8.45 points on the trading session, high on the trading session $407.62, low on the trading session $397.14 for a closing stock price at $407.25; Ultrashort Financial (NYSE: SKF) shed 45.58 points on the trading session, high on the trading session $198.38, low on the trading session $157.09 for a closing stock price at $158.33; Fannie Mae (NYSE: FNM) gained 2.18 points on the trading session, high on the trading session $9.68 low on the trading session $7.50 for a closing stock price at $9.25; Potash Corporation Saskatchewan (NYSE: POT) shed 1.71 points on the trading session, high on the trading session $224.81, low on the trading session $215.91 for a closing stock price at $222.93; MasterCard Incorporated (NYSE: MA) gained 20.83 points on the trading session, high on the trading session $271.20, low on the trading session $250.82 for a closing stock price at $271.20.

Market trends on the NASDAQ today: advanced stocks 2,252; declined stocks 723; unchanged stocks 105; stocks hitting new highs 33; stocks hitting new lows 226.
List of volatile stocks 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: Orion Energy Systems Incorporated (NasdaqGS: OESX) shed 3.35 points on the trading session, high on the trading session $6.00, low on the trading session $4.48 for a closing stock price at $5.24; Navigators Group Incorporated (NasdaqGS: NAVG) shed 3.25 points on the trading session, high on the trading session $48.27, low on the trading session $43.46 for a closing stock price at $45.36; First Solar Incorporated (NasdaqGS: FSLR) gained 13.47 points on the trading session, high on the trading session $291.04, low on the trading session $282.00 for a closing stock price at $290.47.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 713; declined stocks 513; unchanged stocks 83; stocks hitting new highs 16; stocks hitting new lows 98.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1,244.25, change  32.25
E-mini NASDAQ-100 (NQ) end of day price 1,846.25, change 47.25
E-mini S&P SmallCap 600 (SMP) end of day price 359.30, change 12.60
$5 DJIA (YM) end of day price 11,213, change 295

World Currencies at time of this posting:
Euro 0.6324 to U.S. Dollars 1.5813
Japanese Yen 105.16 to U.S. Dollars 0.0095
British Pound 0.5003 to U.S. Dollars 1.9988
Canadian Dollar 1.021 to U.S. Dollars 0.9979
Swiss Franc 1.0179 to U.S. Dollars 0.9824

Commodities Markets:
Energy Sector: Light Crude (NYM) shed $4.598 on the day for a closing price of the range of $134.15 a gallon ($US per bbl.); Heating Oil (NYM) shed $0.08 on the day for a closing price of $3.87 a gallon ($US per gal.); Natural Gas (NYM) shed $0.08 on the day for a closing price of $11.49 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.11 on the day for a closing price of $3.27 a gallon ($US per gal.).

Metals Markets:
Gold Market Price (CMX) shed $16.00 on the day for a closing price of $962.70 ($US per Troy oz.); Silver (CMX) shed $0.21 on the day for a closing price of $18.81 ($US per Troy oz.); Platinum (NYM) shed $43.50 on the day for a closing price of $1,938.40 ($US per Troy oz.) and Copper (CMX) shed $0.05 on the day for a closing price of $3.65 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.55 on the day for a closing price of 73.75; Pork Bellies (CME) gained 0.65 on the day for a closing price of 66.38; Live Cattle (CME) shed 0.53 on the day for a closing price of 106.35; Feeder Cattle (CME) shed 0.33 on the day for a closing price of 111.13.

Other Commodities (cents per bu.): Corn (CBT) gained 10.50 on the day for a closing price of 677.25 and Soybeans (CBT) gained 32.00 on the day for a closing price of 1,548.00.

Bond action for the day: 2 year bond shed 4/32 on the day for a closing price of 100 26/32 with a Yield of 2.44, Yield Change+0.08; 5 year bond shed 19/32 on the day for a closing price of 100 22/32 with a Yield of 3.21, Yield Change +0.12; 10 year bond shed 1 4/32 on the day for a closing price of 99 9/32 with a Yield of 3.96, Yield Change +0.14; the 30 year bond shed 2 7/32 on the day for a closing price of 96 11/32 with a Yield of 4.60, Yield Change +0.14.

Department Of Energy released crude oil inventories today: U.S. Gasoline Stockpiles  increased by 2.4 Million Barrels to 214.2 Million Barrels; U.S. Distillate Stockpiles increased by 3.2 Million Barrels to 125.7 Million Barrels;  U.S. Refineries ran at 89.5% versus 89.2% week ago; U.S. Gasoline Stockpiles increased by 2.4 Million Barrels in the week compared to expectations of a drop by 200,000 Million Barrels; U.S. Distillate Stockpiles increased by 3.2 Million Barrels in the week compared to expectations of an increase by 1.5 Million Barrels; U.S. Refineries ran at 89.5% capacity seen unchanged at 89.2%.

U.S. June Industrial Production rose 0.5% compared to consensus of an increase by 0.2%; U.S. June Capacity Utilization rose 0.3 percent at 79.9% compared to consensus of  79.4%; U.S. May Capacity Use revised to 79.6% from 79.4%; U.S. May Industrial Production unrevised at a drop by 0.2%.

U.S. June Consumer Prices rose 1.1%  compared to consensus of an increase by 0.7%; U.S. June CPI Ex-Food & Energy rose 0.3% compared to consensus of an increase by 0.2%; U.S. June CPI Unrounded rose 1.056%; U.S. June CPI Core rose 0.323%; U.S. June CPI Energy Prices rose 6.6%; U.S. June CPI Food Prices rose 0.7%; U.S. Real Average Weekly Earnings fell 0.9% in June; U.S. CPI rise largest since June 1982; U.S. CPI rose 5% on the year resulting in the largest increase since May 1991.

Federal Open Market Committee Minutes: sees `modest` 1h growth, `slight slowdown` in second half 2008; growth risks diminishing, inflation risks rising; still sees `significant downside risks` to growth; sees next policy change likely to be rate hike; minutes signal no change in rates in near term.

Access scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading services. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com]]> Wed, 16 Jul 2008 19:33:39 MTnews http://www.investorsparadise.com/forum/m-1216240507/ http://www.investorsparadise.com/forum/m-1216240507/#num1 http://www.guardian.co.uk/business/feedarticle/7654122


Hedge fund manager offers plan for Fannie, Freddie

* Reuters
* , Tuesday July 15 2008

(New throughout with comments from Ackman)

By Svea Herbst-Bayliss and Herbert Lash

BOSTON/NEW YORK, July 15 (Reuters) - Hedge fund manager William Ackman laid out a plan on Tuesday to restructure mortgage finance companies Fannie Mae and Freddie Mac as more investors expressed doubts about the government's proposal to prop up the battered institutions.
Ackman, who runs New York based hedge fund Pershing Square Capital and is known for betting big against bond insurers, said his plan would effectively recapitalize the two companies, leaving them with a healthier mix of equity and debt.
"It will take a few days to percolate, but someone is going to say this is a good idea, I think," Ackman told Reuters after announcing the plan, complete with slides on cable television CNBC this morning.
"I think I have something they are going to like," Ackman said, noting his plan would save U.S. taxpayers a lot of money.
The two companies hold or own about $5.2 trillion in mortgages, or almost half of all mortgages in the United States.
The fund manager, who is also known for his meticulous research, said he had already discussed a draft of the plan with senior government officials and will now begin calling legislators to speak about it in detail.
Ackman warned it would be a mistake for the U.S. government to invest in the equity of the companies. He is betting against their stock and junior debt, but he said saving them would be good, both for the long side of his portfolio and for the country.
Specifically, Ackman said the restructuring of Fannie Mae would involve the government offering to buy its $750 billion in senior unsecured debt at 90 cents on the dollar and giving debt holders 10 cents of new common stock in the restructured company....

full article here:
http://www.guardian.co.uk/business/feedarticle/7654122
]]> Wed, 16 Jul 2008 16:35:07 godoftrading http://www.investorsparadise.com/forum/m-1216235938/ http://www.investorsparadise.com/forum/m-1216235938/#num1 Wed, 16 Jul 2008 15:18:58 godoftrading http://www.investorsparadise.com/forum/m-1216075435/ http://www.investorsparadise.com/forum/m-1216075435/#num1
The proposed final rules are intended to protect consumers from unfair or deceptive acts and practices in mortgage lending, while keeping credit available to qualified borrowers and supporting sustainable homeownership," said Fed Chairman Ben Bernanke. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) loss of 45.59 points on the day to end the trading session at 11,054.95
NYSE (New York Stock Exchange) loss of 59.78 points to end the trading session at 8,287.76
NASDAQ loss of 26.21 points to end the trading session at 2,212.97
S&P 500 loss of 11.25 points to end the trading session at 1,228.24
FTSE All-World ex-U.S. gain of 0.03 points to end the trading session at 222.45
FTSE RAFI 1000 loss of 45.79 points to end the trading session at 4,726.92
BEL 20 (BEL20) gain of 9.71 points to end the trading session at 2,969.06
CAC 40 (CAC40) gain of 41.89 points to end the trading session at 4,142.53
FTSE100 (UKX100) gain of 38.8 points to end the trading session at 5,300.4
NIKKEI 225 (NIK/O) loss of 29.53 points to end the trading session at 13,010.16

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,006; declined stocks 2,253; unchanged stocks 53; stocks hitting new highs 14; stocks hitting new lows 683. List of volatile stocks 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: M&T Bank Corporation (NYSE: MTB) shed 10.88 points on the trading session, high on the trading session $71.00, low on the trading session $53.61 for a closing stock price at $58.82; Goldman Sachs Group Incorporated (NYSE: GS) shed 3.81 points on the trading session, high on the trading session $168.00, low on the trading session $158.57 for a closing stock price at $158.67; Ultrashort Financial (NYSE: SKF) gained 17.32 points on the trading session, high on the trading session $192.31, low on the trading session $163.70 for a closing stock price at $192.0;  Potash Corporation Saskatchewan (NYSE: POT) gained 7.17 points on the trading session, high on the trading session $229.95, low on the trading session $223.84 for a closing stock price at $228.55; Fannie Mae (NYSE: FNM) shed 0.37 points on the trading session, high on the trading session $13.50 low on the trading session $8.65 for a closing stock price at $9.88; Freddie Mac (NYSE: FRE) shed 0.45 points on the trading session, high on the trading session $9.80, low on the trading session $6.09 for a closing stock price at $7.30.

Market trends on the NASDAQ today: advanced stocks 868; declined stocks 2,043; unchanged stocks 131; stocks hitting new highs 26; stocks hitting new lows 367. List of volatile stocks 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: Apple Incorporated (NasdaqGS: AAPL) gained 0.79 points on the trading session, high on the trading session $179.30, low on the trading session $173.68 for a closing stock price at $173.37; Canadian Solar Incorporated (NasdaqGS: CSIQ) gained 4.90 points on the trading session, high on the trading session $39.22, low on the trading session $35.05 for a closing stock price at $37.30; SunPower Corporation (NasdaqGS: SPWR)  gained 1.17 points on the trading session, high on the trading session $74.63, low on the trading session $71.50 for a closing stock price at $73.00; First Solar Incorporated (NasdaqGS: FSLR) gained 6.13 points on the trading session, high on the trading session $288.00, low on the trading session $281.31 for a closing stock price at $285.23; James River Coal Company (NasdaqGS: JRCC) gained 2.44 points on the trading session, high on the trading session $51.23, low on the trading session $47.00 for a closing stock price at $50.03; Zions Bancorporation (NasdaqGS: ZION) shed 4.52 points on the trading session, high on the trading session $25.44, low on the trading session $19.66 for a closing stock price at $21.16; WestAmerica Bancorporation (NasdaqGS: WABC) shed 2.13 points on the trading session, high on the trading session $47.30, low on the trading session $40.80 for a closing stock price at $42.70; Baidu.com Incorporated Baidu.com Incorporated (NasdaqGS: BIDU) shed 13.81 points on the trading session, high on the trading session $314.53, low on the trading session $287.10 for a closing stock price at $291.27; Google Incorporated (NasdaqGS: GOOG) shed 12.80 points on the trading session, high on the trading session $540.06, low on the trading session $515.45 for a closing stock price at $521.00.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 463; declined stocks 743; unchanged stocks 95; stocks hitting new highs 15; stocks hitting new lows 154.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1227.00, change -12.75
E-mini NASDAQ-100 (NQ) end of day price 1800.50, change -20.11
E-mini S&P SmallCap 600 (SMP) end of day price 349.00, change -4.90
$5 DJIA (YM) end of day price 11,026, change -70

World Currencies at time of this posting:
Euro 0.6285 to U.S. Dollars 1.591
Japanese Yen 106.12 to U.S. Dollars 0.0094
British Pound 0.5015 to U.S. Dollars 1.994
Canadian Dollar 1.0052 to U.S. Dollars 0.9948
Swiss Franc 1.0163 to U.S. Dollars 0.984

Commodities Markets:
Energy Sector: Light Crude (NYM) gained $0.10 on the day for a closing price of the range of $145.18 a gallon ($US per bbl.); Heating Oil (NYM) gained $0.01 on the day for a closing price of $4.13 a gallon ($US per gal.); Natural Gas (NYM) gained $0.07 on the day for a closing price of $12.06 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.01 on the day for a closing price of $3.56 a gallon ($US per gal.).

Metals Markets: Gold Market Price (CMX) gained $13.10 on the day for a closing price of $973.70 ($US per Troy oz.); Silver (CMX) gained $0.43 on the day for a closing price of $19.25 ($US per Troy oz.); Platinum (NYM) shed $11.20 on the day for a closing price of $2,036.00 ($US per Troy oz.) and Copper (CMX) gained $0.01 on the day for a closing price of $3.75 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.38 on the day for a closing price of 70.88; Pork Bellies (CME) shed 0.33 on the day for a closing price of 66.05; Live Cattle (CME) shed 2.18 on the day for a closing price of 106.40; Feeder Cattle (CME) shed 1.55 on the day for a closing price of 110.18.

Other Commodities (cents per bu.): Corn (CBT) shed 27.00 on the day for a closing price of 682.25 and Soybeans (CBT) shed 37.0 on the day for a closing price of 1,559.00.

Bond action for the day: 2 year bond gained 7/32 on the day for a closing price of 100 24/32 with a Yield of 2.46, Yield Change -0.13; 5 year bond gained 13/32 on the day for a closing price of 100 28/32 with a Yield of 3.17, Yield Change -0.09; 10 year bond gained 23/32 on the day for a closing price of 100 2/32 with a Yield of 3.86, Yield Change -0.09; the 30 year bond gained 1 9/32 on the day for a closing price of 98 21/32 with a Yield of 4.45, Yield Change -0.08.

Access scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading services. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com]]> Mon, 14 Jul 2008 18:43:55 MTnews http://www.investorsparadise.com/forum/m-1215816842/ http://www.investorsparadise.com/forum/m-1215816842/#num1
Fannie Mae (NYSE: FNM) was created by Congress in 1938 to promote home buying to Americans; Freddie Mac (NYSE: FRE) was created in 1970 to expand the secondary market for mortgages. Combined, the two own or guarantee approximately $5 trillion of mortgages which makes up nearly 50% of all outstanding mortgages in the U.S. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:

DOW (Dow Jones Industrial Average) triple digit loss of 128.48 points on the day to end the trading session at 11,100.54
NYSE (New York Stock Exchange) loss of 88.70 points to end the trading session at 8,347.24
NASDAQ loss of 18.77 points to end the trading session at 2,239.08
S&P 500 loss of 13.90 points to end the trading session at 1,239.49
FTSE All-World ex-U.S. loss of 1.93 points to end the trading session at 222.47
FTSE RAFI 1000 loss of 58.68 points to end the trading session at 4,774.60
BEL 20 (BEL20) loss of 62.95 points to end the trading session at 2,959.35
CAC 40 (CAC40) triple digit loss of 130.92 points to end the trading session at 4,100.64
FTSE100 (UKX100) triple digit loss of 145.2 points to end the trading session at 5,261.6
NIKKEI 225 (NIK/O) loss of 27.52 points to end the trading session at 13,039.69

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,024; declined stocks 2,209; unchanged stocks 67; stocks hitting new highs 18; stocks hitting new lows 821. List of volatile stocks 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: Devon Energy Corporation (DVN) gained 0.83 points on the trading session, high on the trading session $113.18, low on the trading session $108.43 for a closing stock price at $110.34; Fannie Mae (FNM) shed 2.95 points on the trading session, high on the trading session $11.89 low on the trading session $6.68 for a closing stock price at $10.25; Precision Castparts Corporation (PCP) shed 4.32 points on the trading session, high on the trading session $97.24, low on the trading session $92.25 for a closing stock price at $94.26; Freddie Mac (FRE) shed 0.25 points on the trading session, high on the trading session $8.63, low on the trading session $3.89 for a closing stock price at $7.75; Patriot Coal Corporation (PCX) gained 6.34 points on the trading session, high on the trading session $138.97, low on the trading session $126.00 for a closing stock price at $136.71; Ashland Incorporated (ASH) shed 6.31 points on the trading session, high on the trading session $45.44, low on the trading session $39.34 for a closing stock price at $41.10; Rockwell Collins Incorporated (COL) shed 4.30 points on the trading session, high on the trading session $50.65, low on the trading session $46.73 for a closing stock price at $47.16;  Petroleo Brasileiro SA (PBR) shed 0.03 points on the trading session, high on the trading session $63.20, low on the trading session $60.91 for a closing stock price at $61.71; Continental Resources Incorporated (CLR) gained 1.37 points on the trading session, high on the trading session $83.81, low on the trading session $76.67 for a closing stock price at $80.02; Mosaic Company (MOS) gained 1.72 points on the trading session, high on the trading session $142.92, low on the trading session $136.77 for a closing stock price at $141.81; CME Group Incorporated (NYSE: CME) shed 3.20 points on the trading session, high on the trading session $320.00, low on the trading session $292.61 for a closing stock price at $306.50; Walter Industries Incorporated (NYSE: WLT) gained 2.18 points on the trading session, high on the trading session $93.71, low on the trading session $84.01 for a closing stock price at $88.73; IntercontinentalExchange Incorporated (ICE) gained 3.10 points on the trading session, high on the trading session $*90.61, low on the trading session $80.20 for a closing stock price at $88.40.

Market trends on the NASDAQ today: advanced stocks 1,368; declined stocks 1,495; unchanged stocks 151; stocks hitting new highs 16; stocks hitting new lows 396. List of volatile stocks 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: Google Incorporated (GOOG) shed 6.77 points on the trading session, high on the trading session $539.50, low on the trading session $519.43 for a closing stock price at $533.50; Deckers Outdoor Corporation (DECK) shed 10.45 points on the trading session, high on the trading session $126.78, low on the trading session $109.06 for a closing stock price at $112.85; Baidu.com Incorporated  (BIDU) shed 24.23 points on the trading session, high on the trading session $323.99, low on the trading session $303.29 for a closing stock price at $305.08; Penn National Gaming (PENN) shed 2.59 points on the trading session, high on the trading session $26.81, low on the trading session $23.30 for a closing stock price at $24.47; WestAmerica Bancorp (WABC) shed 3.16 points on the trading session, high on the trading session $47.74, low on the trading session $35.50 for a closing stock price at $44.84.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 421; declined stocks 771; unchanged stocks 87; stocks hitting new highs 29; stocks hitting new lows 182.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1239.75, change 0.00
E-mini NASDAQ-100 (NQ) end of day price 1819.00, change -1.50
E-mini S&P SmallCap 600 (SMP) end of day price 354.20, change 0.10
$5 DJIA (YM) end of day price 11,090, change -6

World Currencies at time of this posting:
Euro 0.6288 to U.S. Dollars 1.5903
Japanese Yen 106.08 to U.S. Dollars 0.0094
British Pound 0.5023 to U.S. Dollars 1.9909
Canadian Dollar 1.0094 to U.S. Dollars 0.9907
Swiss Franc 1.0174 to U.S. Dollars 0.9829

Commodities Markets:
Energy Sector: Light Crude (NYM) gained $3.43 on the day for a closing price of the range of $145.08 a gallon ($US per bbl.); Heating Oil (NYM) gained $0.04 on the day for a closing price of $4.08 a gallon ($US per gal.); Natural Gas (NYM) shed $0.39 on the day for a closing price of $11.99 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.05 on the day for a closing price of $3.56 a gallon ($US per gal.).

Metals Markets: Gold Market Price (CMX) gained $18.60 on the day for a closing price of $960.60 ($US per Troy oz.); Silver (CMX) gained $0.50 on the day for a closing price of $18.82 ($US per Troy oz.); Platinum (NYM) gained $48.80 on the day for a closing price of $2,047.20 ($US per Troy oz.) and Copper (CMX) gained $0.02 on the day for a closing price of $3.74 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.38 on the day for a closing price of 71.25; Pork Bellies (CME) shed 0.40 on the day for a closing price of 66.38; Live Cattle (CME) shed 0.85 on the day for a closing price of 101.20; Feeder Cattle (CME) shed 0.93 on the day for a closing price of 111.73.

Other Commodities (cents per bu.): Corn (CBT) gained 5.00 on the day for a closing price of 709.25 and Soybeans (CBT) gained 9.0 on the day for a closing price of 1,596.00.

Bond action for the day: 2 year bond shed 5/32 on the day for a closing price of 100 23/32 with a Yield of 2.60, Yield Change +0.20; 5 year bond shed 13/32 on the day for a closing price of 100 30/32 with a Yield of 3.28, Yield Change +0.21; 10 year bond shed 18/32 on the day for a closing price of 100 1/32 with a Yield of 3.95, Yield Change +0.15; the 30 year bond shed 28/32 on the day for a closing price of 98 15/32 with a Yield of 4.52, Yield Change +0.11.

University of Michigan Mid-July Sentiment came in at 56.6 compared to reading in June at 56.4; University of Michigan Mid-July Current Index came in at 69.5 compared to reading in June at 67.6; University of Michigan Mid-July Expectations came in at 48.3 compared to reading in June at 49.2; University of Michigan 12-Month Inflation Forecast increased by 5.3% compared to reading in June of an increase by 5.1%; University of Michigan 5-Year Inflation Forecast increased by 3.4% compared to reading in June of an increase by 3.4%.

U.S. June Import Prices rose 2.6% compared to consensus was an increase by 2.0%; U.S. June Non-Petroleum Import Prices rose 0.9%; U.S. June Petroleum Import Prices rose 7.4%; U.S. Import Prices rose 20.5% on the year setting a record high; U.S. Import Prices from China up a record 4.8% on the year; U.S. May Trade Deficit came in at $59.79 Billion compared to consensus Deficit at $62.70 Billion; April Trade Balance revised to Deficit of $60.50 Billion from Deficit of $60.90 Billion; May Exports came in at $157.55 Billion at an increase by 0.9%; May Imports came in at $217.34 Billion at an increase by 0.3%.

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

Stocks Trading Room:  
Jeannie $8,433
Barry $12,708
Marty $8,317
Sam $5,727

Futures Trading Room:
JT $5,302.50

Forex Trading Room:
JT $17,450

Daily Swing Trades:
Barry $8,810

Weekly Swing Trades:
Jeannie $5,100

Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.

Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com]]> Fri, 11 Jul 2008 18:54:02 MTnews http://www.investorsparadise.com/forum/m-1215727732/ http://www.investorsparadise.com/forum/m-1215727732/#num1
A large deal on the street today was the news that Dow Chemical (NYSE: DOW) was buying Rohm and Haas (NYSE: ROH) at $78 a share or $18 billion. The deal was all cash and consisted of $3 billion in financing from Berkshire Hathaway plus, $1 billion from Kuwait Investment Authority. (read more) http://www.millennium-traders.com/news/newscommentary.aspx

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:

DOW (Dow Jones Industrial Average) gain of 82.07 points on the day to end the trading session at 11,229.51
NYSE (New York Stock Exchange) gain of 64.31 points to end the trading session at 8,435.94
NASDAQ gain of 22.96 points to end the trading session at 2,257.85
S&P 500 gain of 8.79 points to end the trading session at 1,253.48
FTSE All-World ex-U.S. loss of 0.93 points to end the trading session at 223.98
FTSE RAFI 1000 loss of 15.95 points to end the trading session at 4,814.06
BEL 20 (BEL20) loss of 64.32 points to end the trading session at 3,022.30
CAC 40 (CAC40) triple digit loss of 108.1 points to end the trading session at 4,231.56
FTSE100 (UKX100) triple digit loss of 122.8 points to end the trading session at 5,406.8
NIKKEI 225 (NIK/O) gain of 15.08 points to end the trading session at 13,067.21

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,631; declined stocks 1,558; unchanged stocks 90; stocks hitting new highs 13; stocks hitting new lows 470. List of volatile stocks 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: IntercontinentalExchange Incorporated (ICE) shed 10.09 points on the trading session, high on the trading session $95.50, low on the trading session $80.91 for a closing stock price at $85.30; Valero Energy Corporation (VLO) shed 0.55 points on the trading session, high on the trading session $34.35, low on the trading session $32.83 for a closing stock price at $33.84; Texas Industries Incorporated (TXI) shed 2.65 points on the trading session, high on the trading session $55.05, low on the trading session $44.22 for a closing stock price at $48.53; MEMC Electronic Materials Incorporated (WFR) shed 0.84 points on the trading session, high on the trading session $52.46, low on the trading session $48.50 for a closing stock price at $51.40; Global Payments (GPN) shed 1.73 points on the trading session, high on the trading session $46.23, low on the trading session $41.92 for a closing stock price at $44.94; CONSOL Energy (CNX) gained 3.37 points on the trading session, high on the trading session $97.16, low on the trading session $86.44 for a closing stock price at $95.82; Walter Industries Incorporated (NYSE: WLT) shed 0.09 points on the trading session, high on the trading session $87.41, low on the trading session $79.40 for a closing stock price at $86.55; CME Group Incorporated (NYSE: CME) shed 11.07 points on the trading session, high on the trading session $322.96, low on the trading session $305.00 for a closing stock price at $309.70; Rio Tinto plc (NYSE: RTP) gained 13.63 points on the trading session, high on the trading session $438.00, low on the trading session $423.07 for a closing stock price at $430.15; United States Steel Corporation (NYSE: X) gained 7.22 points on the trading session, high on the trading session $167.90, low on the trading session $156.06 for a closing stock price at $165.39; Cleveland-Cliffs Incorporated (NYSE: CLF) shed 0.80 points on the trading session, high on the trading session $109.69, low on the trading session $99.50 for a closing stock price at $104.97; MasterCard Incorporated (NYSE: MA) gained 1.95 points on the trading session, high on the trading session $258.01, low on the trading session $245.03 for a closing stock price at $253.20.

Market trends on the NASDAQ today: advanced stocks 1,585; declined stocks 1,293; unchanged stocks 124; stocks hitting new highs 12; stocks hitting new lows 301. List of volatile stocks 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: FCStone Group Incorporated (NasdaqGS: FCSX) shed 12.30 points on the trading session, high on the trading session $19.99, low on the trading session $14.30 for a closing stock price at $17.60; Columbia Banking System Incorporated (NasdaqGS: COLB) gained 7.81 points on the trading session, high on the trading session $14.08, low on the trading session $9.30 for a closing stock price at $10.43;  Century Aluminum Company (NasdaqGS: CENX) gained 4.86 points on the trading session, high on the trading session $64.14, low on the trading session $58.04 for a closing stock price at $61.77; First Solar Incorporated (NasdaqGS: FSLR) gained 14.10 points on the trading session, high on the trading session $280.54, low on the trading session $263.29 for a closing stock price at $279.50.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 567; declined stocks 584; unchanged stocks 81; stocks hitting new highs 9; stocks hitting new lows 106.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1254.50, change 0.00
E-mini NASDAQ-100 (NQ) end of day price 1850.75, change 6.50
E-mini S&P SmallCap 600 (SMP) end of day price 353.20, change 0.00
$5 DJIA (YM) end of day price 11,225, change 8

World Currencies at time of this posting:
Euro 0.6335 to U.S. Dollars 1.5786
Japanese Yen 106.91 to U.S. Dollars 0.0094
British Pound 0.5057 to U.S. Dollars 1.9774
Canadian Dollar 1.0091 to U.S. Dollars 0.9910
Swiss Franc 1.0268 to U.S. Dollars 0.9739

Commodities Markets:
Energy Sector: Light Crude (NYM) gained $5.60 on the day for a closing price of the range of $141. a gallon ($US per bbl.); Heating Oil (NYM) gained $0.18 on the day for a closing price of $4.03 a gallon ($US per gal.); Natural Gas (NYM) gained $0.29 on the day for a closing price of $12.30 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.13 on the day for a closing price of $3.51 a gallon ($US per gal.).

Metals Markets: Gold Market Price (CMX) gained $13.40 on the day for a closing price of $942.00 ($US per Troy oz.); Silver (CMX) gained $0.15 on the day for a closing price of $18.32 ($US per Troy oz.); Platinum (NYM) gained $26.40 on the day for a closing price of $1,998.40 ($US per Troy oz.) and Copper (CMX) shed $0.02 on the day for a closing price of $3.72 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.88 on the day for a closing price of 74.88; Pork Bellies (CME) gained 1.48 on the day for a closing price of 66.48; Live Cattle (CME) shed 0.50 on the day for a closing price of 102.05; Feeder Cattle (CME) shed 0.25 on the day for a closing price of 112.65.

Other Commodities (cents per bu.): Corn (CBT) shed 8.50 on the day for a closing price of 704.25 and Soybeans (CBT) gained 30.0 on the day for a closing price of 1,587.00.

Bond action for the day: 2 year bond shed 1/32 on the day for a closing price of 100 28/32 with a Yield of 2.41, Yield Change +0.02; 5 year bond closed with no change at 101 10/32 with a Yield of 3.09, Yield Change +0.01; 10 year bond gained 3/32 on the day for a closing price of 100 18/32 with a Yield of 3.81, Yield Change 0.00; the 30 year bond gained 1/32 on the day for a closing price of 99 10/32 with a Yield of 4.41, Yield Change 0.04.

Federal Reserve Chairman Ben S. Bernanke comments from today: better to do market reform right than quickly; stimulus package just now feeding into economy; should wait before deciding on 2nd stimulus package; doesn't see repeat of Bear Stearns as likely; Fed still has plenty of balance sheet room left; Fed 'has not lost a penny' On Bear Stearns loan; offers support for covered bonds; says on Bear Stearns: 'I would do it again'; high oil prices spur incentives to alternate sources; expects higher headline inflation in coming months; GSEs `well capitalized' on a regulatory basis;  financial conditions remain strained; removing PDCF now wouldn't be a good idea; trying to reduce need for new credit facilities; considering extending primary dealer facility.

U.S. Jobless Claims fell by 58K to 346K for week of July 5 compared to survey of an increase by 6K; U.S. Continuing Claims for week of June 28 increased by 91K to 3,202,000; U.S. Jobless Claims Unrevised for week of June 28 came in at 404K; U.S. Jobless Claims saw largest d since September 2005; Labor Department: auto retooling likely a factor in new claims drop.

Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke agree that GSEs play critical role to economy.

Treasury Secretary Henry M. Paulson Jr. comments today: Clarity, discipline needed for derivatives and oil price affected by supply and demand, not the dollar.

Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

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The Bears were in full control of market action today with major U.S. indices closing at or near their lows for the day, at the closing bell.  Both the DOW and the S&P 500 closed at new lows for this year so far. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:

DOW (Dow Jones Industrial Average) triple digit loss of 237.26 points on the day to end the trading session at 11,146.95
NYSE (New York Stock Exchange) triple digit loss of 144.15 points to end the trading session at 8,371.63
NASDAQ loss of 59.55 points to end the trading session at 2,234.89
S&P 500 gain of 29.01 points to end the trading session at 1,244.69
FTSE All-World ex-U.S. gain of 0.19 points to end the trading session at 225.07
FTSE RAFI 1000 triple digit loss of 114.00 points to end the trading session at 4,838.24
BEL 20 (BEL20) gain of 76.18 points to end the trading session at 3,086.62
CAC 40 (CAC40) gain of 64.05 points to end the trading session at 4,339.66
FTSE100 (UKX100) gain of 89.1 points to end the trading session at 5,529.6
NIKKEI 225 (NIK/O) gain of 19.03 points to end the trading session at 13,052.13

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,080; declined stocks 2,130; unchanged stocks 69; stocks hitting new highs 7; stocks hitting new lows 187. List of volatile stocks 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: Nucor Corporation (NYSE: NUE) gained 2.43 points on the trading session, high on the trading session $69.45, low on the trading session $65.21 for a closing stock price at $65.59; CIRCOR International Incorporated (NYSE: CIR) gained 11.68 points on the trading session, high on the trading session $62.36, low on the trading session $55.68 for a closing stock price at $61.90; Cleveland-Cliffs Incorporated (NYSE: CLF) gained 13.84 points on the trading session, high on the trading session $110.70, low on the trading session $102.00 for a closing stock price at $105.78; Intrepid Potash Incorporated (NYSE: IPI) gained 1.47 points on the trading session, high on the trading session $59.12, low on the trading session $54.26 for a closing stock price at $56.47; Apache Corporation (NYSE: APA) shed 5.91 points on the trading session, high on the trading session $124.73, low on the trading session $116.57 for a closing stock price at $116.96; Walter Industries Incorporated (NYSE: WLT) gained 1.04 points on the trading session, high on the trading session $94.02, low on the trading session $86.19 for a closing stock price at $86.64; Devon Energy Corporation (NYSE: DVN) shed 3.66 points on the trading session, high on the trading session $110.52, low on the trading session $104.40 for a closing stock price at $104.59; Rio Tinto plc (NYSE: RTP) shed 4.11 points on the trading session, high on the trading session $431.14, low on the trading session $416.50 for a closing stock price at $416.52; CME Group Incorporated (NYSE: CME) shed 21.73 points on the trading session, high on the trading session $345.33, low on the trading session $319.39 for a closing stock price at $320.77; Transocean Incorporated (NYSE: RIG) shed 1.62 points on the trading session, high on the trading session $149.50, low on the trading session $144.28 for a closing stock price at $144.32; CF Industries Holdings Incorporated (NYSE: CF) gained 7.76 points on the trading session, high on the trading session $155.01, low on the trading session $145.06 for a closing stock price at $152.23; MasterCard Incorporated (NYSE: MA) shed 13.00 points on the trading session, high on the trading session $264.90, low on the trading session $249.65 for a closing stock price at $251.25; United States Steel Corporation (NYSE: X) gained 7.50 points on the trading session, high on the trading session $170.27, low on the trading session $155.84 for a closing stock price at $158.05; Potash Corporation Saskatchewan (NYSE: POT) gained 1.40 points on the trading session, high on the trading session $223.44 low on the trading session $215.54 for a closing stock price at $216.43; Patriot Coal Corporation (NYSE: PCX) gained 3.69 points on the trading session, high on the trading session $132.99, low on the trading session $122.29 for a closing stock price at $125.51; Monsanto Company (NYSE: MON) gained 1.15 points on the trading session, high on the trading session $124.09, low on the trading session $118.50 for a closing stock price at $118.69.

Market trends on the NASDAQ today: advanced stocks 845; declined stocks 2,034; unchanged stocks 117; stocks hitting new highs 17; stocks hitting new lows 196. List of volatile stocks 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: QLogic Corporation (NasdaqGS: QLGC) gained 1.20 points on the trading session, high on the trading session $15.88, low on the trading session $14.78 for a closing stock price at $15.16; Intuitive Surgical Incorporated (NasdaqGS: ISRG) shed 1.64 points on the trading session, high on the trading session $275.00, low on the trading session $262.11 for a closing stock price at $262.51; First Solar Incorporated (NasdaqGS: FSLR) gained 4.21 points on the trading session, high on the trading session $273.73, low on the trading session $264.50 for a closing stock price at $266.21; Baidu.com Incorporated (NasdaqGS: BIDU) shed 1.56 points on the trading session, high on the trading session $343.97, low on the trading session $331.46 for a closing stock price at $333.00.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 552; declined stocks 634; unchanged stocks 84; stocks hitting new highs 8; stocks hitting new lows 50.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1247.25, change -.75
E-mini NASDAQ-100 (NQ) end of day price 1827.00, change -4.50
E-mini S&P SmallCap 600 (SMP) end of day price 350.10, change 0.00
$5 DJIA (YM) end of day price 11,143, change -6

World Currencies at time of this posting:
Euro 0.6352 to U.S. Dollars 1.5744
Japanese Yen 107.11 to U.S. Dollars 0.0093
British Pound 0.5047 to U.S. Dollars 1.9812
Canadian Dollar 1.0107 to U.S. Dollars 0.9894
Swiss Franc 1.0302 to U.S. Dollars 0.9707

Commodities Markets:
Energy Sector: Light Crude (NYM) gained $0.01 on the day for a closing price of $136.05 a gallon ($US per bbl.); Heating Oil (NYM) gained $0.06 on the day for a closing price of $3.88 a gallon ($US per gal.); Natural Gas (NYM) shed $0.36 on the day for a closing price of $12.01 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.01 on the day for a closing price of $3.37 a gallon ($US per gal.).

Metals Markets: Gold Market Price (CMX) gained $5.30 on the day for a closing price of $928.60 ($US per Troy oz.); Silver (CMX) gained $0.22 on the day for a closing price of $18.18 ($US per Troy oz.); Platinum (NYM) gained $19.10 on the day for a closing price of $1,972.00 ($US per Troy oz.) and Copper (CMX) gained $0.04 on the day for a closing price of $3.74 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 2.30 on the day for a closing price of 73.00; Pork Bellies (CME) gained 2.78 on the day for a closing price of 65.30; Live Cattle (CME) gained 0.45 on the day for a closing price of 102.55; Feeder Cattle (CME) gained 1.38 on the day for a closing price of 112.90.

Other Commodities (cents per bu.): Corn (CBT) shed 9.75 on the day for a closing price of 712.75 and Soybeans (CBT) gained 27.50 on the day for a closing price of 1,557.00.

Bond action for the day: 2 year bond closed with no change at 100 24/32 with a Yield of 2.36, Yield Change -0.11; 5 year bond gained 1/32 on the day for a closing price of 100 28/32 with a Yield of 3.07, Yield Change -0.11; 10 year bond gained 1/32 on the day for a closing price of 99 30/32 with a Yield of 3.81, Yield Change -0.07; the 30 year bond shed 4/32 on the day for a closing price of 98 19/32 with a Yield of 4.41, Yield Change -0.04.

Department of Energy released oil reserve data today: U.S. Distillate Stockpiles rose by 1.8 Million Barrels in the week compared to expectations of an increase by 1.9 Million Barrels; U.S. Gasoline Stockpiles increased by 900,000 Barrels in the week compared to expectations of an increase by 200,000 Barrels; U.S. Crude Oil Stockpiles -5.84 Million Barrels at 293.936 Million Barrels; U.S. Gasoline Stockpiles increased by 0.909 Million Barrels at 211.766 Million Barrels; U.S. Distillate Stockpiles increased by 1.816 Million Barrels at 122.501 Million Barrels; U.S. Refineries ran at 89.2% versus 89.2% a week ago; U.S. Refineries ran at 89.2% capacity compared to expectations of an increase by 0.1 percent at 89.3%.

Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

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Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.

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http://www.millennium-traders.com]]> Wed, 9 Jul 2008 19:03:38 MTnews http://www.investorsparadise.com/forum/m-1215568244/ http://www.investorsparadise.com/forum/m-1215568244/#num1
Major foreign markets were sharply lower on the trading session with the major U.S. indices taunting negative territory throughout the trading day but, maintained positive territory into the early afternoon trading session. As the trading session moved into the final hour of trading, the DOW was successful at posting a triple digit gain.(read more)
http://www.millennium-traders.com/news/newscommentary.aspx

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:

DOW (Dow Jones Industrial Average) triple digit gain of 152.25 points on the day to end the trading session at 11,384.21
NYSE (New York Stock Exchange) triple digit gain of 115.58 points to end the trading session at 8,515.79
NASDAQ gain of 51.10 points to end the trading session at 2,294.42
S&P 500 gain of 21.39 points to end the trading session at 1,273.70
FTSE All-World ex-U.S. loss of 0.77 points to end the trading session at 224.77
FTSE RAFI 1000 triple digit gain of 117.33 points to end the trading session at 4,950.20
BEL 20 (BEL20) loss of 57.01 points to end the trading session at 3,010.44
CAC 40 (CAC40) loss of 66.98 points to end the trading session at 4,275.61
FTSE100 (UKX100) loss of 72.2 points to end the trading session at 5,440.5
NIKKEI 225 (NIK/O) triple digit loss of 326.94 points to end the trading session at 13,033.10

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 2,100; declined stocks 1,097; unchanged stocks 89; stocks hitting new highs 6; stocks hitting new lows 417. List of volatile stocks 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: Transocean Incorporated (NYSE: RIG) gained 5.34 points on the trading session, high on the trading session $146.23, low on the trading session $139.07 for a closing stock price at $145.94; CME Group Incorporated (NYSE: CME) gained 8.21 points on the trading session, high on the trading session $344.00, low on the trading session $317.50 for a closing stock price at $342.50; Walter Industries Incorporated (NYSE: WLT) shed 3.71 points on the trading session, high on the trading session $88.02, low on the trading session $76.06 for a closing stock price at $85.60; Petrohawk Energy Corporation (NYSE: HK) shed 1.20 points on the trading session, high on the trading session $43.70, low on the trading session $39.26 for a closing stock price at $42.95; CF Industries Holdings Incorporated (NYSE: CF) shed 2.64 points on the trading session, high on the trading session $144.99, low on the trading session $133.53 for a closing stock price at $144.47; Rio Tinto plc (NYSE: RTP) shed 8.78 points on the trading session, high on the trading session $432.76, low on the trading session $409.61 for a closing stock price at $420.63; VMware Incorporated (NYSE: VMW) shed 13.00 points on the trading session, high on the trading session $42.14, low on the trading session $36.51 for a closing stock price at $40.19; McDermott International (NYSE: MDR) shed 2.04 points on the trading session, high on the trading session $57.60, low on the trading session $54.35 for a closing stock price at $55.85; Oil Service HOLDRs (NYSE: OIH) shed 2.42 points on the trading session, high on the trading session $204.49, low on the trading session $197.41 for a closing stock price at $203.90; Shaw Group Incorporated (NYSE: SGR) shed 2.03 points on the trading session, high on the trading session $55.98, low on the trading session $52.36 for a closing stock price at $53.95; Goodrich Petroleum Corporation (NYSE: GDP) shed 5.78 points on the trading session, high on the trading session $68.44, low on the trading session $62.80 for a closing stock price at $64.96; Patriot Coal Corporation (NYSE: PCX) shed 7.09 points on the trading session, high on the trading session $126.26, low on the trading session $111.41 for a closing stock price at $121.82; AGCO Corporation (NYSE: AG) shed 2.80 points on the trading session, high on the trading session $50.95, low on the trading session $45.90 for a closing stock price at $47.76; MasterCard Incorporated (NYSE: MA) gained 18.15 points on the trading session, high on the trading session $264.99, low on the trading session $237.42 for a closing stock price at $264.25; Monsanto Company (NYSE: MON) shed 1.10 points on the trading session, high on the trading session $118.44, low on the trading session $112.00 for a closing stock price at $117.54; Devon Energy Corporation (NYSE: DVN) shed 2.75 points on the trading session, high on the trading session $109.70, low on the trading session $103.94 for a closing stock price at $108.25; United States Steel Corporation (NYSE: X) shed 7.20 points on the trading session, high on the trading session $157.99, low on the trading session $146.96 for a closing stock price at $150.55; Potash Corporation Saskatchewan (NYSE: POT) gained 5.05 points on the trading session, high on the trading session $215.03 low on the trading session $197.17 for a closing stock price at $215.03.

Market trends on the NASDAQ today: advanced stocks 2,010; declined stocks 899; unchanged stocks 132; stocks hitting new highs 19; stocks hitting new lows 319. List of volatile stocks 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: Research In Motion Limited (NasdaqGS: RIMM) gained 5.85 points on the trading session, high on the trading session $122.16, low on the trading session $114.78 for a closing stock price at $121.51; Hercules Offshore Incorporated (NasdaqGS: HERO) shed 2.03 points on the trading session, high on the trading session $34.76, low on the trading session $32.12 for a closing stock price at $32.95; Century Aluminum Company (NasdaqGS: CENX) shed 5.98 points on the trading session, high on the trading session $60.19, low on the trading session $51.60 for a closing stock price at $55.16; Baidu.com Incorporated (NasdaqGS: BIDU) gained 5.96 points on the trading session, high on the trading session $338.99, low on the trading session $320.37 for a closing stock price at $333.85; Google Incorporated (NasdaqGS: GOOG) gained 11.01 points on the trading session, high on the trading session $555.19, low on the trading session $540.00 for a closing stock price at $554.92.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks 560; declined stocks 616; unchanged stocks 100; stocks hitting new highs 15; stocks hitting new lows 106.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1273.75, change 22.00
E-mini NASDAQ-100 (NQ) end of day price 1868.00, change 35.75
E-mini S&P SmallCap 600 (SMP) end of day price 360.30, change 12.40
$5 DJIA (YM) end of day price 11,372, change 167

World Currencies at time of this posting:
Euro 0.6388 to U.S. Dollars 1.5655
Japanese Yen 107.48 to U.S. Dollars 0.0093
British Pound 0.5078 to U.S. Dollars 1.9693
Canadian Dollar 1.0195 to U.S. Dollars 0.9809
Swiss Franc 1.03244 to U.S. Dollars 0.9667

Commodities Markets:
Energy Sector: Light Crude (NYM) shed $5.33 on the day for a closing price of $136.04 a gallon ($US per bbl.); Heating Oil (NYM) shed $0.15 on the day for a closing price of $3.82 a gallon ($US per gal.); Natural Gas (NYM) shed $0.59 on the day for a closing price of $12.39 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.12 on the day for a closing price of $3.36 a gallon ($US per gal.).

Metals Markets: Gold Market Price (CMX) shed $5.50 on the day for a closing price of $923.30 ($US per Troy oz.); Silver (CMX) gained $0.04 on the day for a closing price of $17.96 ($US per Troy oz.); Platinum (NYM) shed $30.90 on the day for a closing price of $1,952.90 ($US per Troy oz.) and Copper (CMX) shed $0.15 on the day for a closing price of $3.15 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.38 on the day for a closing price of 70.70; Pork Bellies (CME) shed 1.53 on the day for a closing price of 62.53; Live Cattle (CME) shed 0.20 on the day for a closing price of 102.10; Feeder Cattle (CME) gained 0.50 on the day for a closing price of 111.53.

Other Commodities (cents per bu.): Corn (CBT) shed 24.50 on the day for a closing price of 723.00 and Soybeans (CBT) shed 31.50 on the day for a closing price of 1,529.50.

Bond action for the day: 2 year bond shed 2/32 on the day for a closing price of 100 24/32 with a Yield of 2.47, Yield Change +0.03; 5 year bond closed at 100 26/32 with a Yield of 3.19, Yield Change 0.00; 10 year bond gained 16/32 on the day for a closing price of 99 29/32 with a Yield of 3.88, Yield Change -0.02; the 30 year bond gained 18/32 on the day for a closing price of 98 21/32 with a Yield of 4.45, Yield Change -0.04.

Redbook data: U.S. Retail Sales fell 0.5% for five weeks of June versus May.

U.S. May Wholesale Inventories rose 0.8% as compared to expectations of an increase of 0.6%.

According to the National Association of Realtors, U.S. May Pending Home Sales fell 14.0% from May 2007  and
U.S. Pending Home Sales Index fell 4.7% in May.

Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.

Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com]]> Tue, 8 Jul 2008 21:50:44 MTnews