Stock Hideout - Market News

Stock Hideout - Market News http://www.stockhideout.com en Fri, 20 Nov 2009 22:01:08 GMT vBulletin 1 http://www.stockhideout.com/images/vuel/misc/rss.jpg Stock Hideout - Market News http://www.stockhideout.com <![CDATA[Bear Market [Post #30523]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30523#post30523 Fri, 20 Nov 2009 21:31:54 GMT Daily Market Commentary for November 20, 2009 Bear Market Stocks opened lower today extending the two-day bear market; investors focused their... Daily Market Commentary for November 20, 2009

Bear Market

Stocks opened lower today extending the two-day bear market; investors focused their attention towards the technology sector, they showed concern when Dell, the third largest PC maker reported disappointing earnings. (Read more at Millennium-Traders.Com)

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 trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 10.65 points, EOD 10,321.79
NYSE (New York Stock Exchange) shed 33.17, EOD 7,084.47
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 10.22 points, EOD 2,146.60
S&P 500 (SPX) shed 3.3 points, EOD 1,091.60
BEL 20 (BEL20) shed 2.15 points, EOD 2,483.46
CAC 40 (CAC40) shed 30.86 points, EOD 3,729.36
FTSE100 (UKX100) shed 16.29 points, EOD 5,251.41
NIKKEI 225 (NIK/O) gain 15.0213points, EOD 9,497.68

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,275 declined stock prices 1,797, unchanged stock prices 97, stock prices hitting new highs 54 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: FAS shed 1.20, HOD 76.00, LOD 74.14, EOD 74.96; SJM gain 2.93, HOD 56.86, LOD 55.13, EOD 56.41; NE shed 1.70, HOD 41.43, LOD 38.62, EOD 40.00; EDC shed 0.54, HOD 128.45, LOD 123.65, EOD 126.51; CME gain 1.02, HOD 325.45, LOD 316.85, EOD 322.99; POT gain 1.54, HOD 115.43, LOD 110.43, EOD 114.71; AFL gain 0.26, HOD 44.94, LOD 43.97, EOD 44.10.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,248, declined stock prices 1,458, unchanged stock prices 140, stock prices hitting new highs 47 and stock prices hitting new lows 31. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: FSLR gain 0.05, HOD 121.79, LOD 118.90, EOD 121.18; ISRG shed 2.24, HOD 281.68, LOD 273.15, EOD 276.44; BIDU shed 0.42, HOD 427.79, LOD 421.77, EOD 427.59; AMZN gain 0.67, HOD 129.99, LOD 127.41, EOD 129.66; INTU shed 0.61, HOD 30.00, LOD 29.27, EOD 29.66; ARUN shed 0.64, HOD 9.39, LOD 8.62, EOD 8.94.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 238, declined stock prices 295, unchanged stock prices 40, stock prices hitting new highs 11 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1090.50; Change -3.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,765.25; Change -5.00
E-mini DOW $5 (YM) Dec 09: EOD 10,308; Change -19
E-mini S&P MidCap 400 (MF) Dec 09: EOD 686.50; Change -5.60
Nikkei 225 (Yen) Dec 09: EOD 9,480; Change 30

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6729 U.S. Dollars 1.4860
Japanese Yen 89.0000 to U.S. Dollars 0.0112
British Pound 0.6058 to U.S. Dollars 1.6506
Canadian Dollar 1.0699 to U.S. Dollars 0.9347
Swiss Franc 1.0173 to U.S. Dollars 0.9830

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $0.74, EOD $76.72 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.02, EOD $2.01 a gallon ($US per gallon)
Natural Gas (December 09) gain $0.04, EOD $4.76 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.01, EOD $1.98 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $6.60, EOD $1,148.50 ($US per Troy ounce)
Silver (December 09) shed $0.01, EOD $18.45 ($US per Troy ounce)
Platinum (January 09) shed $2.00, EOD $1,441.90 ($US per Troy ounce)
Copper (December 09) gain $0.03, EOD $3.13 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.10, EOD $64.38
Pork Bellies (February 10) gain $0.05, EOD $87.13
Live Cattle (December 09) gain $0.05, EOD $85.43
Feeder Cattle (January 10) gain $0.85, EOD $92.68

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $3.75, EOD $407.00
Soybeans (January 10) gain $7.00, EOD $1,046.00

BOND MARKET:
2 year EOD 100 17/32, change -1/32, Yield 0.72, Yield change 0.02
5 year EOD 100 30/32, change -3/32, Yield 2.16, Yield change 0.02
10 year EOD 100 4/32, change -5/32, Yield 3.36, Yield change 0.02
30 year EOD 101 15/32, change -4/32, Yield 4.28, change 0.01

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[FAA [Post #30444]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30444#post30444 Thu, 19 Nov 2009 21:34:06 GMT Daily Market Commentary for November 19, 2009 FAA Airline stocks were falling today due to current delays caused by malfunctions from the FAA... Daily Market Commentary for November 19, 2009

FAA

Airline stocks were falling today due to current delays caused by malfunctions from the FAA system that collects flight plans. (Read more at Millennium-Traders.Com)

Economic data released today:

Initial Jobless Claims:
U.S. Continuing Claims for week of November 7 fell 39K to 5,611,000; U.S. Jobless Claims Revised for week of November 7 to 505K from 502K; U.S. Jobless Claims Unchanged for week of November 14 505K compared to Survey of an increase by 4K.

Philadelphia Fed Manufacturing Index:
Philadelphia Fed November Business Index 16.7 versus October 11.5; Philadelphia Fed November Business Index Expected 12.0; Philadelphia Fed November Price Paid 14.9 versus October 21.3; Philadelphia Fed November Price Received fell 1.5 versus October decrease by 4.3; Philadelphia Fed November Employment fell 0.5 versus October decrease by 6.8; Philadelphia Fed November New Orders 14.8 versus October 6.2; Philadelphia Fed November Shipments 15.7 versus October 3.3; Philadelphia Fed November Delivery Times fell 12.7 versus October decrease by 9.3; Philadelphia Fed November Inventories fell 17.3 versus October decrease by 31.8.

U.S. Conference Board Leading Index:
October Lagging Index fell 0.2%; October Coincident Index 0.0%; October Leading Index rose 0.3%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 93.19 points, EOD 10,333.12
NYSE (New York Stock Exchange) shed 109.11, EOD 7,117.60
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 36.25 points, EOD 2,156.89
S&P 500 (SPX) shed 14.76 points, EOD 1,095.04
BEL 20 (BEL20) shed 39.83 points, EOD 2,485.61
CAC 40 (CAC40) shed 67.94 points, EOD 3,760.22
FTSE100 (UKX100) shed 74.43 points, EOD 5,267.70
NIKKEI 225 (NIK/O) shed 70.02 points, EOD 9,549.47

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 588 declined stock prices 2,522, unchanged stock prices 71, stock prices hitting new highs 45 and stock prices hitting new lows 9. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: FAS shed 4.37, HOD 79.16, LOD 75.40, EOD 76.17; RTP shed 6.15, HOD 216.20, LOD 211.00, EOD 213.85; CME shed 2.14, HOD 322.36, LOD 318.37, EOD 321.97; EDC shed 9.19, HOD 153.54, LOD 145.29, EOD 149.01; MA gain 2.81, HOD 235.96, LOD 223.57, EOD 230.09; TSL gain 2.70, HOD 46.80, LOD 41.78, EOD 45.45; PPD shed 7.79, HOD 40.72, LOD 30.68, EOD 33.34; DCI gain 3.27, HOD 45.19, LOD 43.42, EOD 44.73.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 567, declined stock prices 2,146, unchanged stock prices 109, stock prices hitting new highs 33 and stock prices hitting new lows 30. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: NTES shed 3.49, HOD 37.95, LOD 36.06, EOD 37.20; SHLD shed 2.82, HOD 77.70, LOD 72.01, EOD 72.95; SMTC shed 0.77, HOD 16.36, LOD 14.66, EOD 16.21; BIDU shed 7.11, HOD 431.94, LOD 423.18, EOD 428.01; FSLR shed 3.54, HOD 124.00, LOD 120.05, EOD 121.13; AMZN shed 2.30, HOD 130.54, LOD 128.48, EOD 128.99; ISRG shed 0.95, HOD 279.91, LOD 275.69, EOD 278.68; NTES shed 3.49, HOD 37.94, LOD 36.06, EOD 37.20; JACK shed 1.35, HOD 18.82, LOD 17.84, EOD 18.50; HOTT shed 0.87, HOD 5.89, LOD 5.57, EOD 5.80.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 172, declined stock prices 348, unchanged stock prices 47, stock prices hitting new highs 7 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1094.75; Change -13.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,775.00; Change -25.50
E-mini DOW $5 (YM) Dec 09: EOD 10,326; Change -78
E-mini S&P MidCap 400 (MF) Dec 09: EOD 691.40; Change -12.60
Nikkei 225 (Yen) Dec 09: EOD 9,455; Change -260

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6704 U.S. Dollars 1.4917
Japanese Yen 89.0600 to U.S. Dollars 0.0112
British Pound 0.6003 to U.S. Dollars 1.6658
Canadian Dollar 1.0631 to U.S. Dollars 0.9406
Swiss Franc 1.0133 to U.S. Dollars 0.9869

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $2.12, EOD $77.46 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.05, EOD $2.03 a gallon ($US per gallon)
Natural Gas (December 09) gain $0.06, EOD $4.72 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.04, EOD $1.97 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $1.00, EOD $1,142.20 ($US per Troy ounce)
Silver (December 09) gain $0.05, EOD $18.46 ($US per Troy ounce)
Platinum (January 09) shed $8.10, EOD $1,443.90 ($US per Troy ounce)
Copper (December 09) shed $0.03, EOD $3.11 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.95, EOD $63.28
Pork Bellies (February 10) shed $1.58, EOD $87.08
Live Cattle (December 09) gain $0.40, EOD $85.38
Feeder Cattle (January 10) gain $0.10, EOD $91.83

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $3.00, EOD $410.75
Soybeans (January 10) gain $12.00, EOD $1,039.00

BOND MARKET:
2 year EOD 100 17/32, change 2/32, Yield 0.71, Yield change -0.03
5 year EOD 100 31/32, change 5/32, Yield 2.16, Yield change -0.03
10 year EOD 100 7/32, change 6/32, Yield 3.34, Yield change -0.02
30 year EOD 101 15/32, change 9/32, Yield 4.28, change -0.02
Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[Wall Street [Post #30236]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30236#post30236 Tue, 17 Nov 2009 21:41:23 GMT Daily Market Commentary for November 17, 2009

Wall Street

Wall Street couldn't keep up the rallies from yesterday even after upbeat government reports, investors are watching for earnings released by major retailers to find out the question on everyone's minds... how much consumers are spending. (Read more at Millennium-Traders.Com)

Economic data released today:

PPI [Producer Price Index]:
U.S. October Producer Prices rose 0.3%; compared to consensus of an increase by 0.6%; U.S. October PPI Ex-Food & Energy fell 0.6%; compared to consensus %; U.S. October PPI Intermediate Goods rose 0.3%; Core fell 0.2%; U.S. October PPI Crude Goods rose 5.4%; Core rose 0.5%; U.S. October PPI Energy Prices rose 1.6%; U.S. October Passenger Car Prices fell 0.5%; U.S. September PPI Unrevised at -0.6%.

Redbook:
U.S. Retail Sales First 2 Weeks of November rose 4.4% versus October; U.S. Retail Sales First 2 Weeks of November rose 1.8% versus November Year-Ago; U.S. Retail Sales rose 2.0% week ending November 14 versus Year Ago.

TIC [Treasury International Capital] Net Long-Term Transactions:
Net Foreign LT Securities Purchases $31.7B in September; Net LT Securities Purchases $40.7B in September; Net Foreign Capital Inflow $133.5B in September; Foreigners Net Buyers $44.7B U.S. Treasury Notes, Bonds in September; Foreigners Net Buyers $1.8B of U.S. Agency Debt in September; Foreigners Net Buyers Sellers $2.9B of U.S. Corp Bonds in September; Foreigners Net Buyers $15.7B of U.S. Equities in September.

Industrial Production:
U.S. September Industrial Production Revised to rise 0.6% from an increase by 0.7%; U.S. October Industrial Production rose 0.1%; compared to consensus of an increase by 0.3%.

Capacity Utilization Rate:
U.S. October Capacity Utilization rose 0.2-Point at 70.7%; compared to consensus of 70.7%;
U.S. September Capacity Use Unrevised at 70.5%.

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 29.70 points, EOD 10,436.66
NYSE (New York Stock Exchange) shed 3.11, EOD 7,233.99
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 4.97 points, EOD 2,202.82
S&P 500 (SPX) gain 0.77 points, EOD 1,110.07
BEL 20 (BEL20) shed 0.8 points, EOD 2,534.52
CAC 40 (CAC40) shed 8.42 points, EOD 3,854.74
FTSE100 (UKX100) shed 36.74 points, EOD 5,345.93
NIKKEI 225 (NIK/O) shed 95.19 points, EOD 9,729.93

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,356 declined stock prices 1,729, unchanged stock prices 115, stock prices hitting new highs 187 and stock prices hitting new lows 13. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: TGT shed 1.52, HOD 50.59, LOD 47.48, EOD 48.77; FAS gain 0.18, HOD 79.32, LOD 77.32, EOD 78.96; CME gain 3.56, HOD 324.57, LOD 318.18, EOD 322.04; EDC shed 1.42, HOD 162.00, LOD 155.62, EOD 161.81; MOS gain 2.88, HOD 53.13, LOD 49.63, EOD 52.77; AGO gain 4.32, HOD 28.14, LOD 24.65, EOD 25.53; POT gain 6.42, HOD 110.90, LOD 103.11, EOD 110.60.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,255, declined stock prices 1,451, unchanged stock prices 154, stock prices hitting new highs 125 and stock prices hitting new lows 24. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: WYNN shed 1.52, HOD 67.38, LOD 64.66, EOD 66.99; SPWRA shed 5.04, HOD 22.97, LOD 21.67, EOD 22.19; SINA gain 4.12, HOD 47.95, LOD 46.06, EOD 47.03; ZOOM gain 0.26, HOD 11.29, LOD 8.24, EOD 8.24; FSLR gain 0.58, HOD 127.54, LOD 123.44, EOD 123.99; SIVB shed 2.25, HOD 41.68, LOD 40.43, EOD 40.58; PCLN gain 3.15, HOD 209.96, LOD 203.21, EOD 209.29; BIDU gain 3.18, HOD 442.86, LOD 435.65, EOD 441.50; AIXG gain 0.73, HOD 38.04, LOD 34.29, EOD 35.33; AMZN shed 0.34, HOD 131.85, LOD 129.32, EOD 131.45.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 244, declined stock prices 277, unchanged stock prices 58, stock prices hitting new highs 23 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1108.75; Change 2.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,810.50; Change 7.00
E-mini DOW $5 (YM) Dec 09: EOD 10,408; Change 40
E-mini S&P MidCap 400 (MF) Dec 09: EOD 708.80; Change 1.00
Nikkei 225 (Yen) Dec 09: EOD 9,770; Change -95

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6726 U.S. Dollars 1.4868
Japanese Yen 89.3000 to U.S. Dollars 0.0112
British Pound 0.5948 to U.S. Dollars 1.6812
Canadian Dollar 1.0506 to U.S. Dollars 0.9518
Swiss Franc 1.0163 to U.S. Dollars 0.9840

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.24, EOD $79.14 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.02, EOD $2.09 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.08, EOD $4.91 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.02, EOD $2.00 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) unchanged, EOD $1,139.20 ($US per Troy ounce)
Silver (December 09) shed $0.03, EOD $18.37 ($US per Troy ounce)
Platinum (January 09) gain $17.90, EOD $1,426.50 ($US per Troy ounce)
Copper (December 09) unchanged, EOD $3.13 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.63, EOD $63.98
Pork Bellies (February 10) gain $1.20, EOD $88.60
Live Cattle (December 09) gain $0.53, EOD $85.65
Feeder Cattle (January 10) gain $0.40, EOD $92.78

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) unchanged, EOD $417.50
Soybeans (January 10) gain $19.50, EOD $1,029.50

BOND MARKET:
2 year EOD 100 14/32, change 0, Yield 0.76, Yield change -0.01
5 year EOD 100 30/32, change 2/32, Yield 2.17, Yield change -0.02
10 year EOD 100 14/32, change 4/32, Yield 3.32, Yield change -0.01
30 year EOD 102 2/32, change 13/32, Yield 4.25, change -0.02

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[GM [Post #30135]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30135#post30135 Mon, 16 Nov 2009 21:40:51 GMT Daily Market Commentary for November 16, 2009 GM GM reported an overall loss for the third-quarter but is staying optimistic about the future... Daily Market Commentary for November 16, 2009

GM

GM reported an overall loss for the third-quarter but is staying optimistic about the future of the company; they said they will start to repay some of the money the government loaned them. (Read more at Millennium-Traders.Com)

Economic data released today:

Retail Sales:
U.S. October Retail & Food Sales rose 1.4%; compared to consensus of an increase by 0.9%; U.S. October Retail & Food Sales Excluding Autos rose 0.2%; September Retail & Food Sales Revised to fall 2.3% from a decrease by 1.5%.

New York Empire State Manufacturing Index:
New York Fed's November Manufacturing Index 23.51 versus 34.57 in October; New York Fed November New Orders 16.66 versus 30.82 in October; New York Fed November Employment 1.32 versus 10.39 in October; New York Fed November Prices Received fell 2.63 versus a decrease by 5.19 in October.

Business Inventories:
U.S. September Business Inventories fell 0.4%; was expected to fall 0.8%; U.S. September Motor Vehicle & Parts Inventories rose 3.8%.

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 137.70 points, EOD 10,408.17
NYSE (New York Stock Exchange) triple digit gain 117.18, EOD 7,237.07
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 28.75 points, EOD 2,196.63
S&P 500 (SPX) gain 15.58 points, EOD 1,109.06
BEL 20 (BEL20) gain 28.85 points, EOD 2,535.32
CAC 40 (CAC40) gain 57.15 points, EOD 3,863.16
FTSE100 (UKX100) gain 86.29 points, EOD 5,382.67
NIKKEI 225 (NIK/O) gain 20.87 points, EOD 9,791.18

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,494 declined stock prices 619, unchanged stock prices 78, stock prices hitting new highs 312 and stock prices hitting new lows 5. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: CME gain 4.72, HOD 321.40, LOD 315.89, EOD 318.48; EDC gain 10.35, HOD 165.00, LOD 158.50, EOD 162.74; ICE gain 1.50, HOD 111.35, LOD N/A, EOD 110.03; RTP gain 10.75, HOD 222.98, LOD 219.34, EOD 220.84; FAS gain 2.60, HOD 81.11, LOD 77.44, EOD 78.78; PBR gain 0.77, HOD 51.44, LOD 50.45, EOD 50.95; PLA gain 0.23, HOD 5.22, LOD 4.64, EOD 4.78; FDX gain 2.83, HOD 84.92, LOD 83.08, EOD 84.80; ADY shed 6.89, HOD 26.52, LOD 23.61, EOD 25.54; MA shed 3.92, HOD N/A, LOD 228.92, EOD 230.80; CF gain 0.93, HOD 82.15, LOD 80.19, EOD 81.29; AEM gain 1.01, HOD 62.59, LOD 61.10, EOD 61.62.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,112, declined stock prices 664, unchanged stock prices 95, stock prices hitting new highs 177 and stock prices hitting new lows 17. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: BIDU gain 5.82, HOD 442.63, LOD 434.05, EOD 438.32; TIBX shed 0.17, HOD 9.25, LOD 9.01, EOD 9.21; FSLR gain 5.11, HOD 125.22, LOD 120.02, EOD 123.41; AAPL gain 2.18, HOD 208.00, LOD 205.01, EOD 206.63; TFSL shed 0.38, HOD 11.49, LOD 10.38, EOD 11.07; IBKC gain 8.03, HOD 54.18, LOD 50.17, EOD 52.43; SHLD gain 3.06, HOD 79.75, LOD 74.26, EOD 77.60; AMZN shed 1.38, HOD 134.56, LOD 130.98, EOD 131.59.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 320, declined stock prices 204, unchanged stock prices 46, stock prices hitting new highs 20 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1106.25; Change 14.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,803.75; Change 15.50
E-mini DOW $5 (YM) Dec 09: EOD 10,367; Change 125
E-mini S&P MidCap 400 (MF) Dec 09: EOD 708.90; Change 11.70
Nikkei 225 (Yen) Dec 09: EOD 9,875; Change 100

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6678 U.S. Dollars 1.4974
Japanese Yen 89.1000 to U.S. Dollars 0.0112
British Pound 0.5941 to U.S. Dollars 1.6832
Canadian Dollar 1.0466 to U.S. Dollars 0.9555
Swiss Franc 1.0075 to U.S. Dollars 0.9926

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $2.55, EOD $78.90 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.07, EOD $2.07 a gallon ($US per gallon)
Natural Gas (December 09) gain $0.19, EOD $4.99 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.07, EOD $1.99 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $22.70, EOD $1,139.40 ($US per Troy ounce)
Silver (December 09) gain $1.03, EOD $18.41 ($US per Troy ounce)
Platinum (January 09) gain $55.90, EOD $1,444.60 ($US per Troy ounce)
Copper (December 09) gain $0.13, EOD $3.13 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.50, EOD $62.35
Pork Bellies (February 10) gain $0.35, EOD $87.40
Live Cattle (December 09) shed $0.03, EOD $85.13
Feeder Cattle (January 10) shed $0.20, EOD $92.38

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain 11.75, EOD $417.50
Soybeans (January 10) gain $23.00, EOD $1,010.00

BOND MARKET:
2 year EOD 100 14/32, change 3/32, Yield 0.76, Yield change -0.05
5 year EOD 100 29/32, change 11/32, Yield 2.18, Yield change -0.07
10 year EOD 100 10/32, change 23/32, Yield 3.33, Yield change -0.09
30 year EOD 101 22/32, change 1 13/32, Yield 4.27, change -0.08

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[MEXP News _ Treasure Report [Post #30131]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30131#post30131 Mon, 16 Nov 2009 18:55:56 GMT MEXP: Salvage Resumes of Ship Wrecked in 1700s; Marine Exploration's RV Hispaniola Searches Site for More Gold and Pearl Jewelry
MIAMI--(BUSINESS WIRE)--Marine Exploration, Inc. (OTCBB:MEXP - News) announces the RV Hispaniola has returned to the site of the 1700 wreck the Company has been salvaging. According to the contract extension and expansion recently signed with the Dominican Republic, the Company is now allowed to explore and recover treasure from additional shipwrecks in DR waters. The dive team will resume searching for more treasure immediately.

“It is likely this ship sunk many years before the signing of our Declaration of Independence. Every bit of the treasure recovered thus far has been delivered to the Dominican Republic Sub Aquatic Office, Ministry of Culture for inventory and division under our Host Country Contract. The sunken treasure already salvaged includes gold and pearl jewelry, silver fittings, dynasty china and other artifacts. We also have great photos of a beautiful bronze cannon raised from the site and expect to upload them to our website soon," notes Mark Goldberg, CEO Marine Exploration.
Marine Exploration, Inc. and joint venture partner Hispaniola Ventures, LLC, headed by Burt D. Webber, Jr., plan to continue the shipwreck site survey and salvage and anticipates locating and recovering additional historic shipwrecks with valuable artifacts and treasure. Working under exclusive contract with the Dominican Republic, the Company has plans in place to pursue multiple notable shipwrecks in Dominican Republic territorial and jurisdictional waters. Marine Exploration Inc
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995.
Prospective investors are cautioned (Company Search include&count=40&action=getcompany&CIK=0001019654) that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. To see our website, go to Marine Exploration Inc.

Emerging Capital anticipates compensation of 50,000 free trading shares of (MEXP.OB) stock, for ONE month's service (Oct. 6, 2009 to Nov. 6th, 2009), by a third party; for the (MEXP.OB) profile, MARKET AWARENESS, "company material" and advertisement’s appearing on behalf of said third party... ]]> Market News James516 <![CDATA[U.S. officials defend enforcing WTO safeguard vs China [Post #30083]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30083#post30083 Mon, 16 Nov 2009 08:25:25 GMT BEIJING, Nov 16 (Reuters) – The safeguard provision that China agreed to as a condition for joining the World Trade Organisation in 2001 should be... BEIJING, Nov 16 (Reuters) – The safeguard provision that China agreed to as a condition for joining the World Trade Organisation in 2001 should be enforced, U.S. trade officials said on Monday, despite Chinese pressure for the U.S. to reduce trade actions on its products.
U.S. Trade Representative Ron Kirk gave a resounding “No” to a question on whether the U.S. might agree to mount fewer cases, including safeguard cases, in return for a Chinese agreement to allow the yuan currency to appreciate.
“Nothing would drive the American people further away from believing in the benefits of trade than for the United States to operate under the assumption that actually our trading partners can just give up on their promises,” Kirk said.
The safeguard clause, which allows for tariffs to be applied against disruptive surges in Chinese imports, was applied in September for the first time by the United States on China-made tires.
“If we want additional trade agreements to ever pass in the U.S. Congress, we have to tell the American people and policy markets that whenever people sign an agreement, we will enforce those agreements,” Commerce Secretary Gary Locke told a business gathering in Beijing ahead of a visit by U.S. President Barack Obama.
“We have to hold each other to these agreements.”
Chinese trade officials fear more such cases could follow, from the U.S. and other trading partners that are increasingly importing Chinese goods.
The U.S., Europe and other countries are pressing China to allow the yuan to appreciate after it has been effectively re-pegged to the dollar since mid-2008. But despite a change in wording from the central bank on how it manages the currency, China has adamantly rebuffed calls to revalue. [ID:nPEK158931] ]]> Market News dailyforexnews <![CDATA[Market Wire Update: Risk Tolerance Sparks Global Moves [Post #30082]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30082#post30082 Mon, 16 Nov 2009 08:23:27 GMT Risk Tolerance Sparks Global Moves *Forex Trader Note:* Asian and European equity markets have pushed to the top side of the 4 hour chart ranges,... Risk Tolerance Sparks Global Moves
Forex Trader Note: Asian and European equity markets have pushed to the top side of the 4 hour chart ranges, after a 70 point gap higher in German Dax futures trade, that allowed S&P futures to test the 1100 area. Crude oil has moved to $78, while gold has nestled in at $1130, both empowered by a risk tolerant move in global sentiment.
The markets are reading overbought against the Usd on the 4 hour charts, indicating that traders will be holding existing positions rather than adding too much more at these levels, at least until a reversal to support is seen that leads to a buy-the-dip move. The real question is now how much further thing can go on the long side, before the automated orders hit, that force a re-alignment. At 5760 resistance it may be the Dax that reverses to support first.
Lots and targets: Reduce lots and targets, and bank as you go.
Red Flag Economics:
05:00 EST Eur CPI Exp -0.1%, Prev -0.1%
08:30 EST Usd Core Retail Sales Exp 0.4%, Prev 0.5%
Dollar Index: The dollar index went into Neutral mode on 26th Oct and has not signaled anything that says it will easily move either way. The near-term path of least resistance is unclear. Swing Point: 75.90
S&P Futures: The S&P futures market is in neutral mode, and has held that for three sessions. The 1082 and then 1100 areas on the S&P are the near-term price action points. The 1055 support area looks solid. Swing Point: 1088
Crude Oil: Oil triggered a Short momentum flow on Friday, and will need to now find buyers quickly if support is to hold. 80.20 and 81.05 are the topside numbers. There is a lot of noise at the 78.50 area, with 76.50 support. Swing Point: 77.20
Gold Bullion: Gold signaled long on 3rd Nov and has easily held that mode. 1075 is near-term support, backing any long tests of 1120. As the market trades long gold as a hedge, it seems that the gold bugs will dominate. Swing Point: 1110 ]]> Market News dailyforexnews <![CDATA[Trade Deficit [Post #30035]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=30035#post30035 Fri, 13 Nov 2009 21:40:01 GMT Daily Market Commentary for November 13, 2009 Trade Deficit Stocks rose slightly today as the Commerce department reported a... Daily Market Commentary for November 13, 2009

Trade Deficit

Stocks rose slightly today as the Commerce department reported a larger-than-expected increase in the trade deficit, topping analysts’ expectations. (Read more at Millennium-Traders.Com)

Economic data released today:

Trade Balance:
U.S. September Trade Deficit $36.5B; compared to consensus of a deficit of $32.0B; August Trade Balance Revised to Deficit $30.8B from Deficit $30.71B.

Import Price Index:
U.S. October Import Prices rose 0.7%; compared to consensus of an increase by 1.0%; U.S. October Non-Petroleum Import Prices rose 0.7%; U.S. October Petroleum Import Prices rose 0.9%; September Exports $132.0B, rose 2.9%; Imports $168.4B, rose 5.8%.

University of Michigan Consumer Sentiment Index:
Mid-November Sentiment 66; October 70.6; Mid-November Expectations 63.7; October 68.6; 12-Month Inflation Forecast rose 2.8%; October rose 2.9%.

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 74.51 points, EOD 10,271.98
NYSE (New York Stock Exchange) gain 56.84, EOD 7,119.89
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 18.21 points, EOD 2,167.23
S&P 500 (SPX) gain 6.11 points, EOD 1,093.35
BEL 20 (BEL20) gain 25.54 points, EOD 2,506.47
CAC 40 (CAC40) shed 2.06 points, EOD 3,806.01
FTSE100 (UKX100) gain 19.88 points, EOD 5,296.38
NIKKEI 225 (NIK/O) gain 45.25 points, EOD 9,770.31

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,200 declined stock prices 841, unchanged stock prices 109, stock prices hitting new highs 94 and stock prices hitting new lows 3. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: JWN shed 0.52, HOD 34.08, LOD 32.41, EOD 33.99; URS gain 4.36, HOD 44.91, LOD N/A, EOD 44.85; FAS shed 0.35, HOD 77.54, LOD 74.36, EOD 76.18; DG unchanged, HOD 23.10, LOD 21.75, EOD 22.73; GS shed 1.72, HOD N/A, LOD 175.64, EOD 176.76; CME shed 1.38, HOD 319.00, LOD 311.19, EOD 313.76; ESE shed 4.09, HOD 42.00, LOD 31.20, EOD 33.27; AGO gain 3.56, HOD 22.69, LOD 18.48, EOD 21.66; CPA gain 3.23, HOD 50.88, LOD 48.26, EOD 50.48; CRM gain 3.23, HOD 66.15, LOD 63.33, EOD 66.13.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,810, declined stock prices 901, unchanged stock prices 137, stock prices hitting new highs 59 and stock prices hitting new lows 41. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: TSTC gain 1.82, HOD 13.19, LOD 10.87, EOD 11.90; RINO gain 3.20, HOD 28.10, LOD 25.64, EOD 26.66; FSLR gain 2.92, HOD 119.54, LOD 115.78, EOD 118.29; BIDU gain 5.35, HOD 432.50, LOD 424.31, EOD 432.50; WYNN gain 1.39, HOD 69.60, LOD 68.51, EOD 69.00; TCLP shed 2.06, HOD 38.01, LOD 37.75, EOD 37.75; SHLD gain 4.68, HOD 75.00, LOD 70.00, EOD 74.54; GENZ shed 3.89, HOD 53.99, LOD 47.80, EOD 49.28; NLST gain 2.40, HOD 4.83, LOD 2.12, EOD 4.47.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 279, declined stock prices 231, unchanged stock prices 44, stock prices hitting new highs 8 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1091.50; Change 4.25
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,787.50; Change 13.75
E-mini DOW $5 (YM) Dec 09: EOD 10,237; Change 48
E-mini S&P MidCap 400 (MF) Dec 09: EOD 697.20; Change 4.60
Nikkei 225 (Yen) Dec 09: EOD 9,770; Change -5

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6703 U.S. Dollars 1.4918
Japanese Yen 89.6600 to U.S. Dollars 0.0112
British Pound 0.5991 to U.S. Dollars 1.6690
Canadian Dollar 1.0503 to U.S. Dollars 0.9521
Swiss Franc 1.0115 to U.S. Dollars 0.9886

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $0.59, EOD $76.35 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.02, EOD $2.00 a gallon ($US per gallon)
Natural Gas (December 09) gain $0.04, EOD $4.80 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.02, EOD $1.92 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $10.20, EOD $1,116.80 ($US per Troy ounce)
Silver (December 09) gain $0.13, EOD $17.39 ($US per Troy ounce)
Platinum (January 09) gain $25.50, EOD $1,388.70 ($US per Troy ounce)
Copper (December 09) gain $0.03, EOD $3.00 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.50, EOD $61.85
Pork Bellies (February 10) gain $2.00, EOD $87.05
Live Cattle (December 09) gain $0.33, EOD $85.15
Feeder Cattle (January 10) gain $0.08, EOD $92.58

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) unchanged, EOD $390.50
Soybeans (January 10) shed $3.00, EOD $987.00

BOND MARKET:
2 year EOD 100 11/32, change 0, Yield 0.81, Yield change 0.00
5 year EOD 100 17/32, change -1/32, Yield 2.25, Yield change 0.00
10 year EOD 99 18/32, change 6/32, Yield 3.42, Yield change -0.02
30 year EOD 100 10/32, change 1 27/32, Yield 4.36, change -0.03

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[Wal-Mart [Post #29997]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29997#post29997 Thu, 12 Nov 2009 21:31:40 GMT Daily Market Commentary for November 12, 2009 Wal-Mart Retail giant Wal-Mart reported its earnings for the third-quarter rose by over 3%,... Daily Market Commentary for November 12, 2009

Wal-Mart

Retail giant Wal-Mart reported its earnings for the third-quarter rose by over 3%, however the company issued disappointing forecasts for the 4Q. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Market Index rose 3.2% at 627.5; last week 608.3; U.S. MBA Purchase Index fell11.7% at 220.9; last week 250.3; U.S. MBA Refinance Index rose 11.3% at 2998.2; last week 2693.7.

Initial Jobless Claims:
U.S. Jobless Claims fell 12K to 502K in week of November 7 compared to survey of a decrease by 2K; U.S. Continuing Claims for week of October 31 fell 139K to 5,631,000; U.S. Jobless Claims Revised for week of October 31 to 514K from 512K.

Crude Oil Inventories released by Department of Energy [DOE]:
U.S. Crude Oil Stockpiles +1.762 Million Barrels at 337.676 Million Barrels; U.S. Crude Oil Stockpiles +1.762 Million Barrels in week; was seen increasing by 0.2 Million Barrels; U.S. Gasoline Stockpiles +2.56 Million Barrels at 210.837 Million Barrels; U.S. Gasoline Stockpiles +2.56 Million Barrels in week; was seen unchanged; U.S. Distillate Stockpiles +0.349 Million Barrels at 167.725 Million Barrels; U.S. Distillate Stockpiles +0.349 Million Barrels in week; was seen -0.4 Million Barrels; U.S. Refineries Ran at 79.93% versus 80.59% week ago; U.S. Refineries Ran at 79.93% capacity; was seen 80.90%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 91.37 points, EOD 10,199.89
NYSE (New York Stock Exchange) shed 92.54, EOD 7,062.82
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 18.02 points, EOD 2,148.88
S&P 500 (SPX) shed 11.3 points, EOD 1,087.21
BEL 20 (BEL20) gain 2.95 points, EOD 2,480.93
CAC 40 (CAC40) shed 6.32 points, EOD 3,808.07
FTSE100 (UKX100) gain 9.75 points, EOD 5,276.50
NIKKEI 225 (NIK/O) shed 117.9 points, EOD 9,804.49

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 636 declined stock prices 2,461, unchanged stock prices 73, stock prices hitting new highs 110 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: FAS shed 4.34, HOD 81.49, LOD 75.86, EOD 76.23; AMD gain 1.17, HOD 6.73, LOD 6.35, EOD 6.49; CME gain 0.75, HOD 318.99, LOD 310.10, EOD 314.02; MA shed 1.42, HOD 241.65, LOD 235.62, EOD 236.48; RTP shed 5.79, HOD 207.93, LOD 202.11, EOD 202.86; EDC shed 9.74, HOD 154.00, LOD 143.71, EOD 145.25.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 657, declined stock prices 2,054, unchanged stock prices 112, stock prices hitting new highs 69 and stock prices hitting new lows 47. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: BIDU shed 4.63, HOD 433.90, LOD 424.30, EOD 425.88; PALM shed 0.53, HOD 12.34, LOD 11.36, EOD 11.47; GMCR shed 7.64, HOD 70.71, LOD 66.55, EOD 68.26; CTRP gain 4.92, HOD 72.50, LOD 67.42, EOD 69.21; AAPL shed 1.15, HOD 204.87, LOD 201.43, EOD 202.10; FSLR shed 4.40, HOD 118.75, LOD 115.09, EOD 115.45; JRCC shed 2.09, HOD 20.41, LOD 19.73, EOD 19.83; TTEK shed 1.76, HOD 26.25, LOD 24.28, EOD 25.41.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 157, declined stock prices 379, unchanged stock prices 32, stock prices hitting new highs 13 and stock prices hitting new lows 8.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1084.00; Change -12.25
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,770.25; Change -13.50
E-mini DOW $5 (YM) Dec 09: EOD 10,154; Change -105
E-mini S&P MidCap 400 (MF) Dec 09: EOD 690.20; Change -10.70
Nikkei 225 (Yen) Dec 09: EOD 9,755; Change -175

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6739 U.S. Dollars 1.4839
Japanese Yen 90.3800 to U.S. Dollars 0.0111
British Pound 0.6032 to U.S. Dollars 1.6578
Canadian Dollar 1.0556 to U.S. Dollars 0.9473
Swiss Franc 1.0178 to U.S. Dollars 0.9825

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $2.34, EOD $76.94 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.06, EOD $2.03 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.14, EOD $4.76 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.05, EOD $1.94 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $8.00, EOD $1,106.50 ($US per Troy ounce)
Silver (December 09) shed $0.28, EOD $17.27 ($US per Troy ounce)
Platinum (January 09) shed $6.40, EOD $1,363.20 ($US per Troy ounce)
Copper (December 09) shed $0.02, EOD $2.97 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $1.83, EOD $61.35
Pork Bellies (February 10) shed $0.45, EOD $85.05
Live Cattle (December 09) shed $1.10, EOD $84.83
Feeder Cattle (January 10) shed $0.98, EOD $92.50

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $3.50, EOD $390.50
Soybeans (January 10) gain $18.00, EOD $990.00

BOND MARKET:
2 year EOD 100 11/32, change 1/32, Yield 0.81, Yield change -0.02
5 year EOD 100 17/32, change 5/32, Yield 2.25, Yield change -0.04
10 year EOD 99 12/32, change -1 26/32, Yield 3.44, Yield change -0.03
30 year EOD 101 24/32, change 11/32, Yield 4.39, change -0.02

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[KMAG - News - Increased Capacity [Post #29968]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29968#post29968 Thu, 12 Nov 2009 15:29:54 GMT KMA Global Solutions Hong Kong Increases Its Production Capacity by 1 Million Units Per Day TORONTO, Nov. 12, 2009 (GLOBE NEWSWIRE) -- KMA Global... KMA Global Solutions Hong Kong Increases Its Production Capacity by 1 Million Units Per Day
TORONTO, Nov. 12, 2009 (GLOBE NEWSWIRE) -- KMA Global Solutions International, Inc. (Pink Sheets:KMAG) is pleased to announce recent improvements to its production capabilities in Hong Kong to expand its production by a further 1 million units per day. In response to the increased demand for KMA's NEXTag RF label by European clients, KMA HK has added a production line dedicated to the manufacturing of its sew in RF label.
"Focusing production on RF labels to satisfy a high volume customer base will streamline KMA HK's manufacturing for improved operational efficiency," said Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International Inc. Mr. Reid continued, "This expansion also retains the flexibility to be easily converted into AM technology if current demand changes in the future."
KMA's NEXTag(TM) RF utilizes Radio Frequency (RF) technology in a sew in label. These labels can be manufactured with a variety of generic and custom Swept RF technology that are fully compatible with the systems and deactivators from Checkpoint, Gateway, Nedap, Lucatron and most other 8.2MHz RF systems and deactivators.
About KMA Global Solutions International, Inc.
KMA Global Solutions International, Inc. is a leading worldwide manufacturer and supplier of Electronic Article Surveillance (EAS) labels for the multimedia, retail apparel, health/beauty aids, soft goods, and over-the-counter pharmaceutical industries. KMA provides low cost solutions for retail protection against inventory theft, offering customized labels that use a variety of patented formats to meet unique packaging needs. KMA's patent pending DUAL Tag(TM) is the only product available that combines the two leading EAS technologies in a single, high speed application to eliminate the need for multiple inventories and its patented NEXTag(TM) is the solution of choice for soft goods as a small, flexible non-woven label conveniently sewn into a garment at its manufacturing source.
At KMA, our Business Mission is to constantly reinforce our industry leadership as a preferred competitive supplier in the timely delivery of superior, cost effective, source tagging products -- all the time, every time.
For more information about KMA Global Solutions International, visit: KMA Global Solutions - Source Tagging Innovations - Home.
Forward-Looking Statement
See KMA Global Solutions Hong Kong Increases Its Production Capacity by 1 Million Units Per Day (PinkSheets:KMAG)
for Forward looking statement dislosure

CONTACT: KMA Global Solutions International, Inc.
Investor Relations
investorrelations@kmaglobalsolutions.com

Emerging Capital anticipates compensation of $5,000 for ONE month's service (Nov. 9, 2009 to Dec. 8th, 2009), by a third party; for the (KMAG.PK) profile, MARKET AWARENESS, "company material" and advertisement’s appearing on behalf of said third party... ]]> Market News James516 <![CDATA[Updates and Market news [Post #29921]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29921#post29921 Wed, 11 Nov 2009 22:17:36 GMT visit roundupthebulls.com they are very helpful with their service and have been making some huge picks. ECOS was a good one. visit roundupthebulls.com
they are very helpful with their service and have been making some huge picks. ECOS was a good one. ]]> Market News loungjay21 <![CDATA[Stock Prices [Post #29913]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29913#post29913 Wed, 11 Nov 2009 21:33:04 GMT Daily Market Commentary for November 11, 2009 Stock Prices Stock prices were continuing their climb today, after reaching record highs of the... Daily Market Commentary for November 11, 2009

Stock Prices

Stock prices were continuing their climb today, after reaching record highs of the year this week. (Read more at Millennium-Traders.Com)

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 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 42.47 points, EOD 10,289.44
NYSE (New York Stock Exchange) gain 28.94, EOD 7,155.36
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 15.5 points, EOD 2,166.58
S&P 500 (SPX) gain 5.76 points, EOD 1,098.77
BEL 20 (BEL20) gain 12.63 points, EOD 2,477.98
CAC 40 (CAC40) gain 28.8 points, EOD 3,814.39
FTSE100 (UKX100) gain 36.2 points, EOD 5,266.75
NIKKEI 225 (NIK/O) shed 72.15 points, EOD 9,871.68

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,887 declined stock prices 1,180, unchanged stock prices 93, stock prices hitting new highs 209 and stock prices hitting new lows 11. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: RTP gain 2.16, HOD 212.50, LOD 206.73, EOD 208.34; TOL gain 3.04, HOD 21.80, LOD 20.00, EOD 21.43; FAS gain 2.71, HOD 82.79, LOD 79.05, EOD 80.52; AZO gain 4.16, HOD 148.32, LOD 144.01, EOD 147.51; MA shed 0.77, HOD 242.83, LOD 236.41, EOD 237.90; RAH shed 0.95, HOD 54.26, LOD 52.66, EOD 53.44; ATO shed 0.57, HOD 29.28, LOD 28.37, EOD 28.67; STV shed 0.97, HOD 6.43, LOD 6.05, EOD 6.08; EM shed 0.71, HOD 15.79, LOD 14.90, EOD 15.49.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,697, declined stock prices 1,021, unchanged stock prices 112, stock prices hitting new highs 117 and stock prices hitting new lows 34. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: SIGM shed 1.20, HOD 11.95, LOD 10.81, EOD 11.14; PCLN shed 7.42, HOD 202.58, LOD 195.25, EOD 196.80; PALM gain 1.01, HOD 12.07, LOD 11.28, EOD 12.00; WYNN gain 2.49, HOD 66.97, LOD 65.08, EOD 66.58; BIDU gain 2.39, HOD 438.38, LOD 423.11, EOD 430.51; FSLR shed 0.05, HOD 122.00, LOD 118.23, EOD 119.85; ISRG gain 5.85, HOD 273.70, LOD 266.48, EOD 272.45.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 291, declined stock prices 223, unchanged stock prices 41, stock prices hitting new highs 14 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1095.75; Change 3.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,780.75; Change 8.25
E-mini DOW $5 (YM) Dec 09: EOD 10,250; Change 33
E-mini S&P MidCap 400 (MF) Dec 09: EOD 700.00; Change 3.50
Nikkei 225 (Yen) Dec 09: EOD 9,910; Change -20

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6676 U.S. Dollars 1.4980
Japanese Yen 89.8100 to U.S. Dollars 0.0111
British Pound 0.6038 to U.S. Dollars 1.6561
Canadian Dollar 1.0458 to U.S. Dollars 0.9562
Swiss Franc 1.0082 to U.S. Dollars 0.9919

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.23, EOD $79.28 per barrel ($US per barrel)
Heating Oil (December 09) unchanged, EOD $2.06 a gallon ($US per gallon)
Natural Gas (December 09) gain $0.04, EOD $4.50 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.02, EOD $1.99 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $12.00, EOD $1,114.50 ($US per Troy ounce)
Silver (December 09) gain $0.32, EOD $17.55 ($US per Troy ounce)
Platinum (January 09) gain $18.40, EOD $1,369.60 ($US per Troy ounce)
Copper (December 09) gain $0.01, EOD $2.97 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.03, EOD $55.60
Pork Bellies (February 10) gain $1.13, EOD $85.50
Live Cattle (December 09) shed $0.95, EOD $83.65
Feeder Cattle (January 10) shed $1.25, EOD $93.48

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $0.50, EOD $394.00
Soybeans (January 10) gain $4.00, EOD $972.50

BOND MARKET:
2 year EOD 100 10/32, change 1/32, Yield 0.83, Yield change -0.02
5 year EOD 100 12/32, change 1/32, Yield 2.29, Yield change 0.00
10 year EOD 101 6/32, change 2/32, Yield 3.47, Yield change -0.01
30 year EOD 101 13/32, change -8/32, Yield 4.41, change 0.02

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[KMAG _ Growing Market [Post #29901]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29901#post29901 Wed, 11 Nov 2009 18:10:48 GMT KMAG market place growing..... THE EAS MARKET There are over 800,000 retail stores today using one of two leading technologies, Acoustic... KMAG market place growing.....

THE EAS MARKET
There are over 800,000 retail stores today using one of two leading technologies, Acoustic Magnetic (AM) or Radio Frequency (RF). These competing technologies require different EAS deactivators at point of purchase and readers at entrances and exits. To reduce additional labor, retailers have increasingly demanded that inventory suppliers deliver floor ready merchandise with appropriate EAS labels already attached - a practice known in the industry as “source tagging”. To provide source tagging, these manufacturers, wholesalers and distributors must keep duplicate inventories for delivery to retailers that require AM technology tags and other retailers that require RF technology tags.

Emerging Capital anticipates compensation of $5,000 for ONE month's service (Nov. 9, 2009 to Dec. 8th, 2009), by a third party; for the (KMAG.PK) profile, MARKET AWARENESS, "company material" and advertisement’s appearing on behalf of said third party... ]]> Market News James516 <![CDATA[Stock Futures Point to Early Gains [Post #29866]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29866#post29866 Wed, 11 Nov 2009 14:04:12 GMT Stock futures point to early gains on Wall Street Stock futures advance after Fed officials signal rates to remain low for some time By Ieva M.... Stock futures point to early gains on Wall Street
Stock futures advance after Fed officials signal rates to remain low for some time

By Ieva M. Augstums, AP Business Writer
On 8:32 am EST, Wednesday November 11, 2009
Wall Street anticipates a stronger open Wednesday as investors keep rallying around the expectation that interest rates will remain low for some time.

Record-low interest rates and the resulting slide in the dollar have been major forces behind the recent surge in stocks. Federal Reserve officials speaking late Tuesday noted that the economic recovery is likely to be weak and reiterated that the central bank will keep rates low.

Investors, after pushing the Dow Jones industrial average to new highs for the year, continue to look past some of the economy's trouble spots, including rising unemployment, which now stands at 10.2 percent.

However, a number still believe the recent surge in stocks has been overdone given the economy's weakness. And any news that indicates a worsening of the economy, such as a drop in consumer spending, could halt the rally.

The market got news on the consumer Wednesday from Macy's, as it reported a smaller loss in its third quarter than it did a year ago. The Cincinnati-based department store operator said it benefited from tight inventory controls and a decision to localize merchandise to regional markets.

Department stores continue to face big challenges as shoppers -- worried about job security and tight credit -- keep their focus on basics like food. Without the help of the consumer, which accounts for around for 70 percent of the U.S. economy, an economic recovery will be muted.

Dow futures rose 63, or 0.6 percent, to 10,280. Standard & Poor's 500 index futures rose 7.80, or 0.7 percent, to 1,099.70, while Nasdaq 100 index futures rose 15.50, or 0.9 percent, to 1,788.00.

The euro was down slightly against the dollar Wednesday. Gold prices rose, while oil prices also edged higher.

Markets overseas are higher Wednesday, boosted by positive economic data from China and Japan and news that employment is up in Britain.

Japan's Nikkei stock average rose 0.1 percent. In afternoon trading, Britain's FTSE 100 was up 1.1 percent, Germany's DAX index was up 1.3 percent, and France's CAC-40 was up 1.2 percent.

U.S. government bond markets are closed for Veterans Day. ]]> Market News jav992 <![CDATA[Reserve Bank eyes dairy farm debt [Post #29853]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29853#post29853 Wed, 11 Nov 2009 05:11:38 GMT Some dairy farms holding too much debt will be forced to sell some or all of their operations, the Reserve Bank warned in its latest Financial... Some dairy farms holding too much debt will be forced to sell some or all of their operations, the Reserve Bank warned in its latest Financial Stability Report.

Debt levels within the agricultural sector had risen strongly in recent years, with a doubling of debt levels since 2004, the six-monthly report published today said.

"Very strong rates of debt accumulation within the dairy sector have been a major driver of recent agricultural credit growth, with lending to the dairy sector now accounting for almost two-thirds of total agricultural lending outstanding."

The distribution of that debt was heavily skewed, with many farms holding relatively small amounts of debt, while a smaller proportion were "very heavily" indebted, the report said.

Many of the highly indebted farms were bought in recent years, perhaps in the expectation high dairy prices at the time would continue for some time.

But dairy prices dropped sharply with the onset of the global financial crisis, while the strength of the New Zealand dollar had lowered local currency commodity prices further.

The report noted there had been some recovery in wholesale dairy prices.

Prices at Fonterra's online dairy auctions for whole milk power is up 88 percent over four months to $US3437 a tonne, but still well down on the record levels of nearly $US5000/tonne reached on spot markets in 2007.

The improving market conditions enabled Fonterra, on Monday, to lift its forecast payout to farmers to $6.05 per kilogram of milksolids, from the $5.10 announced in September.

The Reserve Bank stability report was written on the basis of the $5.10 forecast, which the report noted was higher than the Ministry of Agriculture and Forestry's estimate for the median farm breakeven payout of $4.91/kg for the 2009/2010 season.

That meant most dairy farms were likely to have positive cash flows over the season.

"However, there is a wide distribution of farm working expenses across the industry, with more intensive farms in less traditional dairying areas having significantly higher cost structures than more established farms," the report said.

"Many of these higher cost farms may experience negative cash flows for a second year running, especially those farms with high rates of gearing."

A number of farms were experiencing significant financial distress, and working hard to cut costs and reduce debt levels.

Reduced spending by farmers was likely to have downstream effects on rural servicing industries, and the rural economy generally.

Additionally, tight cash flows would limit the ability of some farmers to participate in Fonterra's offer to sell additional shares to members.

Sales of dairy farms were very slow, with only 147 sales recorded in the past 12 months, compared to an average annual rate of 430 sales between 1997 and 2008.

Those farms that were selling were being sold at significantly lower prices than at the peak in 2008, the report said.

"Anecdotal reports suggest some farmers and investors are looking to purchase farms once prices appear to have settled, but it remains to be seen how far prices have to fall to stabilise the market."

Some signs of distress had also shown up in other parts of the primary sector, with beef and lamb prices coming under pressure as a rising exchange rate reduced farmgate returns.

Some sectors of the viticulture industry had been hurt by falling returns associated with a significant rise in global supply that had driven prices lower.

Overall, rural land prices had risen beyond sustainable levels until around the middle of 2008, the report said.

That had created a difficult situation for some of those buyers and would lead to losses for lenders in some cases.

Recent increases in some commodity prices and the willingness of lenders to work with troubled operators should help keep the problems contained.

NZPA ]]> Market News dailyforexnews <![CDATA[Oil prices fall as Ida fades, dollar climbs [Post #29852]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29852#post29852 Wed, 11 Nov 2009 05:09:34 GMT Oil prices fell yesterday as workers headed back to deep sea platforms that were bypassed by a rapidly weakening storm in the Gulf of Mexico. Ida,... Oil prices fell yesterday as workers headed back to deep sea platforms that were bypassed by a rapidly weakening storm in the Gulf of Mexico.

Ida, once a Category 1 hurricane, was downgraded to a tropical storm Monday and then lost even that status yesterday as its winds lost their punch.

Producers like Royal Dutch Shell and Anadarko reported no damage to facilities and said flights bringing workers back to abandoned platforms and rigs would begin yesterday.

Benchmark crude for December delivery fell 38 cents to settle at $79.05 a barrel on the New York Mercantile Exchange.

Even on Monday, when Tropical Storm Ida posed a potential threat to Gulf platforms, it appeared that the affects of a weakened dollar played a more significant role as oil prices rose US$2 to US$79.43.

The dollar tumbled so far to start the week, a person holding a euro could trade it in for US$1.50, the first time the U.S. currency has been that weak since July. Because crude is traded in dollars, that means an investor could trade in euros for dollars and buy oil for a relative bargain.

Even though there are huge supplies of crude right now, the sagging dollar allows investors to buy oil and pay for storate, selling the oil months later when the price is right.

However the dollar regained ground yesterday and crude prices fell.

The response to oil company activity in the Gulf ahead of the storm was muted.

Companies shut down 30 percent of oil production and 27 percent of natural gas production and evacuated about 18 percent of nearly 700 platforms, according to the U.S. Minerals Management Service.

In the past, that would have been enough to send prices soaring by US$5 to US$10 per barrel.

Last year, U.S. retail gasoline prices spiked when hurricanes Ike and Gustav cut off supply routes, particularly in the Southeast. But Ida was weak compared with those storms and demand for fuel is not much better.

Prices at the pump edged lower overnight, falling 0.6 cents to US$2.658 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service.

The Energy Department late Monday reported that retail gasoline prices fell for the first time in five weeks.

The International Energy Agency lowered its global oil demand forecast as well on yesterday from 106 million barrels per day to 105 million barrels per day.

New technologies that have opened up vast reserves of natural gas will lead to a glut in supply for at least the next several years, the IEA said.

Natural gas for December delivery plunged 4 percent, or 20.3 cents, to settle at US$4.467 per 1,000 cubic feet on Nymex.

In other Nymex trading, heating oil fell a penny to settle at US$2.0523 a gallon. Gasoline for December delivery fell less than a penny to settle at US$1.9774 a gallon.

In London, Brent crude for December delivery fell 27 cents to settle at US$76.50 on the ICE Futures exchange.
Source:Shanghai Daily ]]> Market News dailyforexnews <![CDATA[What Is the Ceiling for Gold Price? [Post #29850]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29850#post29850 Wed, 11 Nov 2009 05:06:46 GMT Gold closed at $1,103.37 per ounce Tuesday, breaking through the $1,100 mark for the first time as the depreciating dollar continues to offer a... Gold closed at $1,103.37 per ounce Tuesday, breaking through the $1,100 mark for the first time as the depreciating dollar continues to offer a tailwind for the precious material.

The dollar index (USDX), which tracks the value of the greenback against a basket of six other foreign currencies, tumbled to a 52-week low of 75.06 as investors sold off dollars to snap up more profitable assets.

Now the question is how far the gold price will shoot up in the future. Extreme projections keep sprouting up with some even predicting that the ceiling will be as high as $5,000 per ounce.

``On this planet, there exist two important currencies ― the dollar and gold. One is the key currency and the other is a prime material,'' said a Seoul analyst who declined to be named.

``The U.S. government keeps printing dollars of late, thus depreciating them. Then, the value of the gold will automatically rise, although nobody knows the upside limit.''

According to the analyst, a few market observers have predicted that gold would eventually trade in the neighborhood of $5,000 an ounce.

``Whenever the U.S. administration has carried out pump-priming measures, the value of the dollar has gone down while that of the gold has soared. Things are similar now,'' he said.
Gold appreciated rapidly in the 1970s amid stiff inflation after the world's largest economy conducted several stimulus packages in the 1960s.

The Obama administration, which was sworn in early this year, also attempted to boost the moribund economy with a set of fiscal and monetary policies to grapple with the global financial crisis.

Lawrence Kim, an economist at Woori Investment&Securities, concurs.

``As the U.S. is projected to keep the benchmark interest rate at zero for the time being, the dollar will remain weak. That means that gold will be strong,'' Kim said.

``We know there are many speculative demands for gold, which prop up the price too much. But even after excluding speculative demands, the upward trend of its value will continue.''

The USDX is a weighted geometric mean of the dollar's value against six currencies ― the euro, Japanese yen, the pound sterling, Canadian dollar, Swedish Krona and Swiss franc.

The USDX was introduced in 1973 with a starting value of 100. If the value is 125, this means the greenback added 25 percent to its value to that of 36 years ago. Along the same lines, 75 represents a 25-percent loss in value. ]]> Market News dailyforexnews <![CDATA[Dow Jones [Post #29834]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29834#post29834 Tue, 10 Nov 2009 21:44:51 GMT Daily Market Commentary for November 10, 2009

Dow Jones

Stocks slowly rose today after Monday's rallies; in yesterday’s trading session the Dow Jones climbed over 200 points to record highs of 2009. (Read more at Millennium-Traders.Com)

Economic data released today:

IBD/TIPP Economic Optimism:
U.S. November IBD/TIPP 6-Month Economic Outlook 49.2; U.S. November IBD/TIPP Economic Optimism Index 47.9 versus October 48.7.

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 17.71 points, EOD 10,243.95
NYSE (New York Stock Exchange) shed 8.91, EOD 7,126.42
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 2.98 points, EOD 2,151.08
S&P 500 (SPX) shed 0.07 points, EOD 1,093.01
BEL 20 (BEL20) shed 18.95 points, EOD 2,465.35
CAC 40 (CAC40) gain 0.1 points, EOD 3,785.59
FTSE100 (UKX100) shed 4.63 points, EOD 5,230.55
NIKKEI 225 (NIK/O) shed 78.75 points, EOD 9,870.73

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,293 declined stock prices 1,789, unchanged stock prices 84, stock prices hitting new highs 174 and stock prices hitting new lows 10. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AIG gain 1.38, HOD 39.35, LOD 37.08, EOD 37.56; FLR shed 3.63, HOD 46.39, LOD 44.09, EOD 44.38; FAS shed 0.75, HOD 79.17, LOD 75.65, EOD 77.81; CME shed 5.95, HOD 313.49, LOD 307.78, EOD 307.79; RTP gain 1.45, HOD 207.92, LOD 201.92, EOD 206.18; SF gain 1.50, HOD 55.68, LOD 53.64, EOD 54.48.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 895, declined stock prices 1,824, unchanged stock prices 135, stock prices hitting new highs 87 and stock prices hitting new lows 42. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: BIDU gain 2.25, HOD 428.88, LOD 421.75, EOD 428.12; FSLR gain 0.40, HOD 123.85, LOD 119.00, EOD 119.90; FSYS shed 0.82, HOD 47.21, LOD 44.56, EOD 46.75; PCLN gain 30.49, HOD 209.19, LOD 191.62, EOD 204.22; AAPL gain 1.52, HOD 204.98, LOD 201.01, EOD 202.38; WYNN gain 0.55, HOD 64.46, LOD 62.06, EOD 64.09; CLNE shed 0.81, HOD 12.25, LOD 11.55, EOD 12.03; HMIN gain 3.44, HOD 36.40, LOD 34.03, EOD 36.33; GEOY gain 3.44, HOD 36.40, LOD 34.03, EOD 36.33; HOLX gain 0.45, HOD 15.81, LOD 14.95, EOD 15.77.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 204, declined stock prices 310, unchanged stock prices 46, stock prices hitting new highs 18 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1090.50; Change -1.25
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,771.25; Change 4.75
E-mini DOW $5 (YM) Dec 09: EOD 10,210; Change 18
E-mini S&P MidCap 400 (MF) Dec 09: EOD 695.90; Change 1.30
Nikkei 225 (Yen) Dec 09: EOD 9,915; Change -75

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6676 U.S. Dollars 1.4979
Japanese Yen 89.8300 to U.S. Dollars 0.0111
British Pound 0.5979 to U.S. Dollars 1.6726
Canadian Dollar 1.0494 to U.S. Dollars 0.9529
Swiss Franc 1.0081 to U.S. Dollars 0.9920

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $0.38, EOD $79.05 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.01, EOD $2.05 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.20, EOD $4.47 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) unchanged $0.00, EOD $1.98 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $1.10, EOD $1,102.50 ($US per Troy ounce)
Silver (December 09) shed $0.26, EOD $17.22 ($US per Troy ounce)
Platinum (January 09) shed $16.00, EOD $1,351.20 ($US per Troy ounce)
Copper (December 09) shed $0.01, EOD $2.96 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.18, EOD $55.63
Pork Bellies (February 10) shed $0.23, EOD $84.38
Live Cattle (December 09) shed $0.35, EOD $84.60
Feeder Cattle (January 10) shed $0.98, EOD $94.73

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $8.50, EOD $394.50
Soybeans (January 10) shed $4.00, EOD $964.50

BOND MARKET:
2 year EOD 100 10/32, change 1/32, Yield 0.83, Yield change -0.02
5 year EOD 100 12/32, change 1/32, Yield 2.29, Yield change 0.00
10 year EOD 101 7/32, change 3/32, Yield 3.47, Yield change -0.01
30 year EOD 101 15/32, change -6/32, Yield 4.41, change 0.02

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Millennium-Traders.Com ]]> Market News MTnews <![CDATA[KMAG news [Post #29816]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29816#post29816 Tue, 10 Nov 2009 17:34:50 GMT KMA Global Solutions Signs New Deal With Leading Packaging Company Quotes, Company Info, Filings, News, Short Interest - KMA Global Solutions... KMA Global Solutions Signs New Deal With Leading Packaging Company

Quotes, Company Info, Filings, News, Short Interest - KMA Global Solutions International, Inc. - KMAG

TORONTO, Nov 10, 2009 (GlobeNewswire via COMTEX) -- KMA Global Solutions International, Inc. (Pink Sheets:KMAG) is pleased to announce that it has entered into an agreement to supply between 10 to 14 million Dual Tags per year to a multinational packaging company.
This agreement is to provide the Dual Tag for application on their client's Over-the-Counter (OTC) products, to commence in early 2010. Many months of testing by this packaging company has confirmed that the Dual Tag is the best choice for this OTC application, as well as to improve their production efficiency.
Jeffrey D. Reid, Chief Executive Officer of KMA Global Solutions International, Inc., commented, "This contract will add to our portfolio of clients that have chosen the Dual Tag solution for consumer products reaching a variety of retail clients."
KMA's DUAL Tag(TM) provides theft protection through its innovative combination of two leading Electronic Article Surveillance (EAS) technologies in a single, high-speed application. Packaging companies that have adopted DUAL Tag(TM) consider it to be of great benefit to their operation. When compared to applying the two EAS technologies separately, production efficiencies increase substantially and overall costs are significantly reduced. DUAL Tag(TM) eliminates inventory costs associated with duplicate inventories that differ only by EAS technology and allows products to be sold through any retail channel.
About KMA Global Solutions International, Inc.
KMA Global Solutions International, Inc. is a leading worldwide manufacturer and supplier of Electronic Article Surveillance (EAS) labels for the multimedia, retail apparel, health/beauty aids, soft goods, and over-the-counter pharmaceutical industries. KMA provides low cost solutions for retail protection against inventory theft, offering customized labels that use a variety of patented formats to meet unique packaging needs. KMA's patent pending DUAL Tag(TM) is the only product available that combines the two leading EAS technologies in a single, high speed application to eliminate the need for multiple inventories and its patented NEXTag(TM) is the solution of choice for soft goods as a small, flexible non-woven label conveniently sewn into a garment at its manufacturing source.
At KMA, our Business Mission is to constantly reinforce our industry leadership as a preferred competitive supplier in the timely delivery of superior, cost effective, source tagging products -- all the time, every time.
For more information about KMA Global Solutions International, visit: KMA Global Solutions - Source Tagging Innovations - Home.
Forward-Looking Statements
Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including "anticipate", "await", "envision", "foresee", "aim at", "believe", "intends", "estimates" including without limitation, those relating to the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations.
This news release was distributed by GlobeNewswire, GlobeNewswire - Press Release Distribution - EDGAR Filings - Video News Releases
SOURCE: KMA Global Solutions International Inc.
By Staff
CONTACT: CONTACT: KMA Global Solutions International, Inc.
Investor Relations:
investorrelations@kmaglobalsolutions.com

(C) Copyright 2009 GlobeNewswire, Inc. All rights reserved.
Emerging Capital anticipates compensation of $5,000 for ONE month's service (Nov. 9, 2009 to Dec. 8th, 2009), by a third party; for the (KMAG.PK) profile, MARKET AWARENESS, "company material" and advertisement’s appearing on behalf of said third party... ]]> Market News James516 <![CDATA[Euro Rises Versus Yen, Dollar Amid Signs Economy Is Recovering [Post #29696]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29696#post29696 Mon, 09 Nov 2009 07:37:50 GMT (Bloomberg) -- The euro gained against the yen and the dollar before European reports today that may add to signs the economy is recovering, boosting... (Bloomberg) -- The euro gained against the yen and the dollar before European reports today that may add to signs the economy is recovering, boosting demand for higher-yielding assets.

The dollar declined against 14 of its 16 major counterparts after the Group of 20 governments agreed to keep stimulus measures and remained silent on the greenback’s decline this year. New Zealand’s dollar gained by the most in more than a week as Auckland-based Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, raised its forecast for milk prices by 19 percent on growing global demand.

“Overall, economic data are turning positive,” said Masahide Tanaka, senior strategist in Tokyo at Mizuho Trust & Banking Co., a unit of Japan’s second-largest lender. “Demand remains strong for commodity and higher-yielding currencies.”

The euro gained to 134.54 yen as of 6:13 a.m. in London from 133.45 yen in New York on Nov. 6. The euro rose to $1.4937 from $1.4847. It earlier climbed to as high as $1.4943, the strongest since Oct. 26. The U.S. currency traded at 90.06 yen from 89.88 yen.

The euro strengthened as a Bloomberg News survey of economists showed German industrial output probably expanded 1 percent in September, a second month of gains. The Economy Ministry will release the data in Berlin.

Euro Zone

A European investor confidence index improved to minus 12 in November, the highest since July 2008, according to a separate Bloomberg survey. The Sentix research institute will issue the report in Limburg, Germany.

“The euro-zone economy is performing better than economies in the U.S. and Japan,” said Masanobu Ishikawa, general manager of foreign exchange at Tokyo Forex & Ueda Harlow Ltd., Japan’s largest currency broker. “Interest-rate differentials are also in favor of the euro.”

The yield advantage of 10-year German bunds over similar- maturity Japanese government debt widened to 1.91 percentage point on Nov. 6 from 1.89 percentage point on Nov. 5.

The dollar dropped after Alistair Darling, hosting in the U.K. a meeting of finance ministers from G-20 nations, said his colleagues decided to keep supporting their economies.

“We agreed to maintain support for the recovery until it is assured,” Darling said Nov. 7. “We are not out of the woods yet.”

New Zealand’s currency advanced against all 16 major counterparts after Fonterra said today it will probably pay its 10,500 farmer-shareholders NZ$6.05 ($4.46) for each kilogram of milk supplied in the year to May 31. That would be the second- highest since Fonterra paid a record NZ$7.90 a kilogram in the year ended May 2008.

Milk Prices

Fonterra accounts for about 40 percent of the global trade in butter, milk powder and cheese and sells products in more than 140 countries.

“Dairy prices are one of the fundamental drivers of the New Zealand dollar so with that on board we’ll see more support for the kiwi this week,” said Mike Jones, a currency strategist at Bank of New Zealand Ltd. in Wellington. “The market still has a hike in there by March next year, which is quite a bit sooner than what the Reserve Bank outlined in their most recent statement. This is further fuel to the fire.”

The New Zealand currency rose 1.6 percent to 73.70 U.S. cents, the most since Oct. 29. It gained 1.9 percent to 66.37 yen.

U.S. Dollar

The U.S. currency also dropped after the International Monetary Fund said traders are probably using the dollar to fund so-called carry trades around the world and it may still be overvalued.

The IMF said in a report published on Nov. 7 that while the dollar “has moved closer to medium-run equilibrium,” it is still “on the strong side.” The Federal Reserve last week repeated its intention to leave borrowing costs “exceptionally low” for “an extended period” as long as inflation expectations are stable and unemployment fails to decline.

“The dollar was hurt by the IMF’s observation,” John Kyriakopoulos, head of currency strategy in Sydney at National Australia Bank Ltd., wrote in a research note. “With the Fed implying it will keep rates very low until the unemployment rate starts falling, traders continued to pare expectations for rate hikes in 2010, which is weighing on the dollar.”

The U.S. currency has dropped against 15 of 16 major counterparts in the past six months as investors increased carry trades, where they borrow in countries with low interest rates to invest in higher-yielding assets.

The greenback’s decline helped push the price of gold to an all-time high of $1,105.11 an ounce today in Singapore, as demand increased for the precious metal as a store of value.

Interest Rates

Benchmark interest rates of 0.1 percent in Japan and as low as zero in the U.S. compare with 3.5 percent in Australia and 2.5 percent in New Zealand, making the yen and dollar favored targets for investors seeking to fund carry trades.

The dollar may fall further as economists forecast the trade deficit in the U.S. probably widened in September, reflecting growing demand for foreign oil and automobiles.

The gap between imports and exports increased to $31.8 billion from $30.7 billion the prior month, according to the median of 60 estimates in a Bloomberg News survey ahead of the Commerce Department’s Nov. 13 report.

Chinese Premier Wen Jiabao called on the U.S. to keep its deficit at an “appropriate size,” saying that it would be conducive to stability and global economic recovery, Reuters reported.

The Dollar Index, which the ICE uses to track the currency against those of six major U.S. trading partners, fell to 75.352 from 75.819 on Nov. 6. The index earlier today touched 75.344, the lowest since Oct. 23. ]]> Market News dailyforexnews <![CDATA[Gold ETFs beat other funds in stability, growth [Post #29694]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29694#post29694 Mon, 09 Nov 2009 07:31:52 GMT For many of us who have been investing in financial instruments, the relentless rise of old poses a problem because we have no easy framework in... For many of us who have been investing in financial instruments, the relentless rise of old poses a problem because we have no easy framework in
Gold
which to think of gold. Till as recently as a couple of years ago, gold lived in a completely different world from stocks, funds and debt
products. There was no easy way of investing in gold except for buying it as jewellery or coins and bullion trading was a mysterious world that was inhabited by a different set of species altogether. Gold investing was very much an out-of-sight and out-of-mind phenomena.

Since then, the arrival of commodity exchanges, Gold Exchange Traded Funds (ETFs) and gold stock funds has made it trivially easy to invest in gold without having to worry about purity and physical security. Just as important is the fact that these have made gold easily comparable to other investments. When an investor looks at fund performance data on valueresearchonline.com or any other mutual funds portal, he can't help comparing the returns of gold-based investments with equity-based ones. Since about 2005, gold's returns make it looks like a great investment compared to anything else. And it's not just the returns, but the stability when compared to equity that the investor notices. The steepest fall in gold since 2005 has been the 20 per cent it lost from March 2008 to October 2008.

When I talk to gold's new found fans, I find that there are two more factors that make them like gold, if only at a sub-conscious level. One is the simplicity of decision making. Gold is gold and that's all there is to it-all the ETFs deliver identical results. Unlike an investor in equity or equity-backed products, there aren't hundreds of choices. Secondly, most Indians seem to come mentally pre-configured with a propensity to view gold as an ideal vehicle for safe long-term investing.

At an intellectual level, many of us have bought into the logic of why gold doesn't make sense. However, we are a gold-coveting culture and have descended from generations who have lusted after gold. It takes very little to convince us that gold is a great investment, even though the long-term evidence is decidedly patchy. Today, the value of gold is increasingly driven by the demand and supply of paper gold on financial markets. It is a financial asset and is clearly subject to the same volatility as other financial assets as investor interest flows in or out. We could well be in a gold bubble which is just as ephemeral as the stock or oil or real estate bubbles were.

However, it is undeniable that many investors have started buying gold-backed securities of one kind of another as short-term trading opportunities. In the mutual fund space, there are actually two distinct kinds of gold-related funds available. One is the straightforward Gold ETFs. These closely track the price of gold itself and deliver profits and losses that mirror investing in physical gold. The others are a couple of equity funds (one from AIG and the other from DSP BlackRock) that actually invest not in gold but in foreign gold-related stocks, like gold mining and processing companies. Interestingly, these funds seem to act as sort of high beta versions of the gold price itself. Over the last one year, gold has gained 44 per cent but these funds have gained more than twice that. Will the gold run last? If you look around, you will see as many cheerleaders as sceptics. As for me, I'm almost certain that one of the two groups will turn out to be correct! ]]> Market News dailyforexnews <![CDATA[Mauritius October Headline Inflation Rate At 3.6% [Post #29693]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29693#post29693 Mon, 09 Nov 2009 07:29:09 GMT (RTTNews) – Monday, the Central Statistical Office of Mauritius reported that the headline inflation rate stood at 3.6% in October compared to 9.9% a... (RTTNews) – Monday, the Central Statistical Office of Mauritius reported that the headline inflation rate stood at 3.6% in October compared to 9.9% a year ago. On a monthly basis, prices were down 0.4% in October.

Prices in the transport sector recorded the largest monthly decline, down 2.3% in October, while health costs registered the biggest increase, up 0.7%. In terms of commodities, the main contributors to the monthly decline were gasoline, vegetables, other food products and diesel oil prices.

For the financial year 2008-09, the headline inflation rate was 6.9%. ]]> Market News dailyforexnews <![CDATA[European Economics Preview: German Foreign Trade, Industrial Output Reports Due [Post #29692]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29692#post29692 Mon, 09 Nov 2009 07:28:20 GMT RTTNews) – Monday, major statistical reports due for the day include industrial production and foreign trade statistics from Germany. Germany’s... RTTNews) – Monday, major statistical reports due for the day include industrial production and foreign trade statistics from Germany.

Germany’s external trade data for September is expected from Federal Statistical Office at 2:00 am ET. The trade surplus is forecast to rise to EUR 11.2 billion in September from EUR 8.1 billion in August.

At 2:30 am ET, the Bank of France is slated to release business confidence survey results for October. The index is seen at 93, compared to 92 in the previous month

Consumer price data for October is due from the Czech Statistical Office at 3:00 am ET. Economists expect the consumer price index to decline 0.1% month-on-month in October, following September’s 0.4% drop. Prices are forecast to decrease 0.1% on a yearly basis as well, after prices remained flat last month. Unemployment figures for October are also due at the same time from the Ministry of Labor and Social Affairs. The Czech unemployment rate is expected to remain stable at 8.6%.

In the meantime, the Turkish Statistical Institute is scheduled to release industrial production data for September. Economists expect industrial output to fall 7.5% year-on-year, faster than the 6.3% drop in the preceding month.

Industrial production figures for September is due from the Statistical Office of the Slovak Republic at 3:00 am ET. Last month, industrial output fell 5.7% annually.

Elsewhere, trade balance data for September is expected from Romania’s statistical office. Last month, a trade deficit of EUR 0.73 billion was reported. Retail sales figures for September are also due from the statistical office. Sales had fallen 12.1% year-on-year in August.

Half an hour later, the Statistics Denmark is slated to release trade figures for September. Last month, a trade surplus of DKK 4.6 billion was reported.

At 4:30 am ET, Eurozone sentix investor confidence survey result for November is due. The corresponding index is forecast to rebound to 11.5 from minus 12.6 in the prior month.

Slovenia’s foreign trade data for September is due at 4:30 am ET. The trade balance logged a deficit of EUR 163.6 million in August.

At 5:00 am ET, the Statistical Service of the Republic of Cyprus is scheduled to release trade statistics for September. The trade balance showed a deficit of EUR 373 million in the previous month. Afterwards at 6:00 am ET, Germany’s Federal Ministry of Economics and Technology is set to issue industrial production data for September. Industrial output is expected to fall 13.8% on a yearly basis, slower than the 16.8% drop in the previous month. Month-on-month, output is forecast to rise 1.2% compared to the 1.7% increase in the preceding month. ]]> Market News dailyforexnews <![CDATA[Australian And New Zealand Dollars Rise On Higher Asian Equities [Post #29691]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29691#post29691 Mon, 09 Nov 2009 07:27:32 GMT (RTTNews) – Monday in Asia, the Australian and the New Zealand dollars surged up against their key counterparts as gains by most Asian stocks boosted... (RTTNews) – Monday in Asia, the Australian and the New Zealand dollars surged up against their key counterparts as gains by most Asian stocks boosted demand for higher-yielding currencies.

Asian stocks rose as the financial officials from the Group of 20 industrialized and emerging market economies pledged to maintain economic stimulus measures until recovery from the global crisis is assured and asked the IMF to assess whether countries were on track for delivering strong, sustainable, and balanced growth to avoid future problems.

“Economic and financial conditions have improved following our coordinated response to the crisis,” the G-20 officials said in a statement. “However, the recovery is uneven and remains dependent on policy support, and high unemployment is a major concern. To restore the global economic and financial system to health, we agree to maintain support for the recovery until it is assured.”

G-20 finance ministers and central bankers, gathered in the Scottish town of St. Andrews on November 6-7, committed to a timetable for a new system of keeping an eye on each others’ economies, under which countries would present national and regional plans by the end of January to support sustainable recovery and job creation.

Japan’s Nikkei 225 index climbed 0.3%, Australia’s benchmark S&P/ASX 200 index gained 1.5%, New Zealand’s NZX-50 index rose 0.2%, South Korea’s Kospi jumped 0.7% and Hong Kong’s Hang Seng edged up 1.1%.

Benchmark interest rates are 0.1 percent in Japan and as low as zero in the U.S., compared with 3.5 percent in Australia and 2.5 percent in New Zealand, making the yen and dollar favored targets for investors seeking to fund carry trades.

The Australian Bureau of Statistics said today that the number of loans granted to build or buy houses and apartments climbed 5.1 percent to 65,505 from August, when they fell a revised 1.9 percent. That was higher than analysts’ expectations for a 3 percent gain.

The Aussie, which closed last week’s trading at 0.9176 against the U.S. currency rose to a 2-week high of 0.9275 in Asian deals on Monday. The next upside target level for the aussie-greenback pair is seen at 0.933.

The U.S. currency dropped as the International Monetary Fund signaled that record low U.S. interest rates are funding global “carry trades” and the dollar is still overvalued as concerns mount that new financial imbalances are forming.

“There are indications that the U.S. dollar is now serving as the funding currency for carry trades,” the IMF said in a report published on November 7.

Speculation that the Fed will keep rates on hold into next year was further fueled by U.S. Labor Department figures on November 6 that showed the nation’s unemployment rate jumped to 10.2 percent in October, exceeding 10 percent for the first time since 1983.

The aussie-greenback pair has gained 4% after it touched a 4-week low of 0.8909 on November 02.

During Asian deals on Monday, the Australian dollar climbed to a 10-day high of 83.58 against the Japanese yen. This may be compared to Friday’s close of 82.55. If the Australian currency strengthens further, it may target the 84.1 level.

The aussie-yen pair that plunged to more than a 3-week low of 79.51 on November 02 recovered thereafter as the Australian government raised its economic growth outlook for 2009 and 2010 fiscal years from its earlier forecasts in May.

Adding to the Aussie’s uptrend, the Reserve Bank of Australia hiked the nation’s cash rate by 25 basis points on November 03 for the second straight month to 3.5% as economic conditions were stronger than expected and confidence had recovered.

Thus far, the aussie-yen pair has appreciated 5% from a 3-week low.

Against the currency of Europe, the Aussie soared to near a 3-week high of 1.6092 in Asian deals on Monday. If the Australian currency gains further, it may target a new multi-month high of 1.593. At last week’s close, the euro-aussie pair was quoted at 1.6189.

The Australian dollar reached a 16-month high of 1.6087 against the euro on October 20. That was up 24% from a new multi-year low of 2.1142 hit in October 2008.

In Asian deals on Monday, the Aussie jumped to near a 5- 1/2 -year high of 0.9922 against the Canadian dollar. If the aussie-loonie pair edges up further, it may reach the parity rate. The pair closed last week’s trading at 0.9858.

The Australian dollar has soared 14% against the loonie thus far this year.

The New Zealand dollar surged up today as the Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, raised its payout forecast for 2009/10 by 95 cents to NZ$6.05 per kilogram of milksolids. Fonterra had lifted its forecast to NZ$5.10 per kgMS on September 22.

Earlier today, Quotable Value announced that New Zealand’s house prices rose 0.2% year-on-year in October, rebounding from the 1.1% decline in the previous month.

The New Zealand dollar that closed last week’s trading at 2.0476 against the euro soared to an 11-day high of 2.0216 in Asian deals on Monday. On the upside, 2.015 is seen as the next target level for the kiwi.

During Asian deals on Monday, the New Zealand dollar strengthened to a 12-day high of 0.7390 against the US currency and a 10-day high of 66.59 against the yen. The next upside target level for the kiwi is seen at 0.764 against the greenback and 67.4 against the yen. The kiwi-greenback and the kiwi-yen pairs were worth 0.7256 and 65.28, respectively at Friday’s close.

The NZ dollar jumped to a 5-day high of 1.2540 against the Aussie in Asian trading on Monday. The next upside target level for the kiwi is seen at 1.250. At last week’s close, the aussie-kiwi pair was quoted at 1.2659.

Traders are now likely to focus on the European session, in which the German trade balance and industrial production for September and the Euro-zone Sentix investor confidence report for November are expected.

From Canada, the housing starts report for October is due at 8:15 am ET.

There are no significant economic reports due to be released from the U.S. today. ]]> Market News dailyforexnews <![CDATA[Unemployment Rises [Post #29644]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29644#post29644 Fri, 06 Nov 2009 21:31:36 GMT Daily Market Commentary for November 6, 2009

Unemployment Rises

Investors didn't let bad news take the wind out of their sails, as unemployment rises investors focused their attention towards gold's advance to an all-time high. (Read more at Millennium-Traders.Com)

Economic data released today:

Nonfarm Payrolls:
U.S. October Nonfarm Payrolls fell 190K; compared to consensus of a decrease by 175K; U.S. October Manufacturing Payrolls fell 61K; Service Producing fell 61K; U.S. September Payrolls Revised to fall 219K from a decrease by 263K.

Unemployment Rate:
U.S. September Unemployment Left Unrevised at 9.8%; U.S. October Unemployment Rate 10.2%; compared to consensus of 9.9%; U.S. Unemployment Rate highest since April 1983.

Average Hourly Earnings:
U.S. October Average Hourly Earnings rose 0.05 to $18.72.

Average Weekly Hours:
U.S. October Overall Workweek 0.0 Hour to 33.0 Hours.

Wholesale Inventories:
U.S. September Wholesale Inventories fell 0.9%; was expected to fall 1.0%.

Consumer Credit:
U.S. September Consumer Credit Decreased $14.8B; Drop in U.S. consumer credit marks eighth consecutive decline; August consumer credit Revised to down $9.9B from down $12.0B.

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 10.66 points, EOD 10,016.62
NYSE (New York Stock Exchange) gain 8.13, EOD 6,958.29
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 6.69 points, EOD 2,112.01
S&P 500 (SPX) gain 2.66 points, EOD 1,069.29
BEL 20 (BEL20) gain 12.63 points, EOD 2,431.71
CAC 40 (CAC40) shed 1.44 points, EOD 3,707.29
FTSE100 (UKX100) gain 17.08 points, EOD 5,142.72
NIKKEI 225 (NIK/O) shed 20.3, EOD 9,789.35

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,546 declined stock prices 1,492, unchanged stock prices 114, stock prices hitting new highs 92 and stock prices hitting new lows 9. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: CME gain 0.41, HOD 308.65, LOD 299.00, EOD 306.62; FAS shed 0.80, HOD 71.93, LOD 68.35, EOD 71.15; RTP gain 2.76, HOD 194.68, LOD 188.90, EOD 193.33; MGA gain 5.80, HOD 50.91, LOD 45.70, EOD 50.00.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,265, declined stock prices 1,445, unchanged stock prices 126, stock prices hitting new highs 80 and stock prices hitting new lows 21. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AMZN gain 5.59, HOD 126.98, LOD 122.67, EOD 126.20; CROX shed 1.09, HOD 6.34, LOD 5.45, EOD 5.75; AAPL gain 0.31, HOD 195.19, LOD 192.40, EOD 194.34; NILE gain 2.38, HOD 64.15, LOD 59.72, EOD 61.10; HANS shed 2.52, HOD 35.08, LOD 32.95, EOD 34.46; BIDU gain 13.51, HOD 410.54, LOD 390.01, EOD 409.74; SAPE shed 1.01, HOD 8.33, LOD 7.44, EOD 7.59; CSTR shed 2.91, HOD 29.45, LOD 26.64, EOD 28.96; RRGB shed 2.79, HOD 16.39, LOD 14.73, EOD 14.90; RAIL shed 3.86, HOD 22.49, LOD 20.34, EOD 21.74; RIMM gain 0.93, HOD 58.89, LOD 56.50, EOD 58.72.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 243, declined stock prices 266, unchanged stock prices 63, stock prices hitting new highs 15 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1065.75; Change 2.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,728.50; Change 9.25
E-mini DOW $5 (YM) Dec 09: EOD 9,971; Change -17
E-mini S&P MidCap 400 (MF) Dec 09: EOD 679.90; Change -0.60
Nikkei 225 (Yen) Dec 09: EOD 9,800; Change -60

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6735 U.S. Dollars 1.4847
Japanese Yen 89.9300 to U.S. Dollars 0.0111
British Pound 0.6021 to U.S. Dollars 1.6609
Canadian Dollar 1.0748 to U.S. Dollars 0.9304
Swiss Franc 1.0171 to U.S. Dollars 0.9832

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $2.19, EOD $77.43 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.05, EOD $2.00 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.19, EOD $4.60 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.06, EOD $1.92 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $6.40, EOD $1,095.70 ($US per Troy ounce)
Silver (December 09) shed $0.04, EOD $17.38 ($US per Troy ounce)
Platinum (January 09) shed $14.70, EOD $1,348.20 ($US per Troy ounce)
Copper (December 09) unchanged $0.00, EOD $2.95 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.90, EOD $56.60
Pork Bellies (February 10) gain $1.30, EOD $86.10
Live Cattle (December 09) shed $1.35, EOD $85.00
Feeder Cattle (January 10) shed $1.10, EOD $96.08

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $9.50, EOD $367.25
Soybeans (January 10) shed $17.00, EOD $955.00

BOND MARKET:
2 year EOD 100 9/32, change 2/32, Yield 0.85, Yield change -0.03
5 year EOD 100 11/32, change 6/32, Yield 2.29, Yield change -0.04
10 year EOD 100 1/32, change 8/32 Yield 3.49, Yield change -0.03
30 year EOD 101 25/32, change 5/32, Yield 4.39, change -0.01

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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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[IMS Health [Post #29573]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29573#post29573 Thu, 05 Nov 2009 21:37:16 GMT Daily Market Commentary for November 5, 2009 IMS Health IMS Health Inc., a health care data company, announced Thursday that TPG Capital and... Daily Market Commentary for November 5, 2009

IMS Health

IMS Health Inc., a health care data company, announced Thursday that TPG Capital and CPP Investment Board would be purchasing the company for $4 billon. (Read more at Millennium-Traders.Com)

Economic data released today:

Nonfarm Productivity:
U.S. 3Q Non-Farm Productivity rose 9.5%; compared to consensus of an increase by 7.0%.

Unit Labor Costs:
U.S. 3Q Unit Labor Costs fell 5.2%; compared to consensus of a decrease by 4.5%.

Initial Jobless Claims:
U.S. Jobless Claims fell 20K to 512K in week of October 31 compared to survey of a decrease by 5K; U.S. Continuing Claims for week of Oct 24 fell 68K to 5,749,000; U.S. Jobless Claims Revised for week of October 24 to 532K from 530K.

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 204.35 points, EOD 10,006.49
NYSE (New York Stock Exchange) triple digit gain 119.73, EOD 6,950.16
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 48.61 points, EOD 2,104.13
S&P 500 (SPX) gain 19.19 points, EOD 1,066.49
BEL 20 (BEL20) gain 17.91 points, EOD 2,419.08
CAC 40 (CAC40) gain 38.4 points, EOD 3,708.73
FTSE100 (UKX100) gain 17.75 points, EOD 5,125.64
NIKKEI 225 (NIK/O) shed 80.2, EOD 9,717.44

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,488 declined stock prices 594, unchanged stock prices 75, stock prices hitting new highs 86 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AEO shed 2.07, HOD 16.47, LOD 15.52, EOD 15.79; CDE gain 0.46, HOD 22.79, LOD 21.61, EOD 22.53; MUR shed 2.46, HOD 63.26, LOD 59.11, EOD 60.81; CF shed 6.49, HOD 81.37, LOD 78.77, EOD 79.90; ALL shed 0.57, HOD 29.31, LOD 27.66, EOD 29.05; CVS shed 7.28, HOD 29.64, LOD 27.38, EOD 28.87; RTP gain 3.35, HOD 192.96, LOD 188.77, EOD 190.57; FAS gain 4.77, HOD 72.00, LOD 67.47, EOD 71.95; MA gain 5.27, HOD 230.26, LOD 224.54, EOD 230.25; EPR shed 1.29, HOD 34.24, LOD 32.56, EOD 33.22; GDP shed 1.56, HOD 26.28, LOD 24.54, EOD 24.85; GS gain 3.90, HOD 173.50, LOD 169.21, EOD 173.40; ESI gain 1.77, HOD 94.75, LOD 91.16, EOD 93.92; AIG gain 3.08, HOD 39.95, LOD 36.88, EOD 39.28.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,156, declined stock prices 606, unchanged stock prices 100, stock prices hitting new highs 50 and stock prices hitting new lows 25. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: WFMI shed 4.96, HOD 31.46, LOD 26.83, EOD 27.10; THOR gain 1.84, HOD 30.25, LOD 28.75, EOD 28.83; CECO gain 2.04, HOD 23.07, LOD 21.84, EOD 22.82; AAPL gain 3.22, HOD 195.00, LOD 191.82, EOD 194.03; BIDU gain 9.85, HOD 397.38, LOD 388.73, EOD 396.22; VARI shed 0.46, HOD 51.17, LOD 50.78, EOD 50.87; FSYS gain 10.51, HOD 44.87, LOD 38.47, EOD 44.31; FSLR shed 0.83, HOD 123.70, LOD 119.60, EOD 120.76; GYMB shed 2.12, HOD 43.46, LOD 39.51, EOD 41.41; AMZN gain 3.51, HOD 120.95, LOD 116.25, EOD 120.61.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 356, declined stock prices 188, unchanged stock prices 28, stock prices hitting new highs 5 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1061.50; Change 14.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,715.25; Change 28.50
E-mini DOW $5 (YM) Dec 09: EOD 9,947; Change 162
E-mini S&P MidCap 400 (MF) Dec 09: EOD 679.00; Change 11.70
Nikkei 225 (Yen) Dec 09: EOD 9,860; Change 0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6724 U.S. Dollars 1.4873
Japanese Yen 90.7500 to U.S. Dollars 0.0110
British Pound 0.6030 to U.S. Dollars 1.6584
Canadian Dollar 1.0662 to U.S. Dollars 0.9379
Swiss Franc 1.0160 to U.S. Dollars 0.9843

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $0.78, EOD $79.62 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.03, EOD $2.06 a gallon ($US per gallon)
Natural Gas (December 09) gain $0.06, EOD $4.78 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.03, EOD $1.99 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $2.00, EOD $1,089.30 ($US per Troy ounce)
Silver (December 09) gain $0.01, EOD $17.41 ($US per Troy ounce)
Platinum (January 09) shed $6.40, EOD $1,362.90 ($US per Troy ounce)
Copper (December 09) shed $0.04, EOD $2.96 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $1.20, EOD $56.60
Pork Bellies (February 10) shed $3.00, EOD $84.80
Live Cattle (December 09) gain $0.10, EOD $86.35
Feeder Cattle (January 10) gain $0.48, EOD $97.20

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $7.50, EOD $376.50
Soybeans (January 10) shed $27.00, EOD $972.00

BOND MARKET:
2 year EOD 100 7/32, change 1/32, Yield 0.88, Yield change -0.02
5 year EOD 100 6/32, change 7/32, Yield 2.33, Yield change -0.04
10 year EOD 100 26/32, change 0, Yield 3.52, Yield change 0.00
30 year EOD 101 21/32, change 1/32, Yield 4.39, change 0.00

Access upcoming scheduled economic data anytime by viewing the Economic Calendar 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[Oil dips below $80 as US dollar strengthens [Post #29493]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29493#post29493 Thu, 05 Nov 2009 09:38:36 GMT Oil prices dipped below $80 a barrel Thursday in Asia as the U.S. dollar strengthened. Benchmark crude for December delivery was down 60 cents to... Oil prices dipped below $80 a barrel Thursday in Asia as the U.S. dollar strengthened.

Benchmark crude for December delivery was down 60 cents to $79.80 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract added 80 cents to settle at $80.40 on Wednesday.

Crude has traded near $80 a barrel for the last few weeks as investors watch a volatile dollar and mixed signs on the strength of the U.S. economy. Oil has jumped from $32 in December as traders have used crude and other commodities as a hedge against a weakening dollar and inflation.

The euro slipped to $1.4834 on Thursday in early Asian trading from $1.4872 the previous day.

U.S. crude inventories unexpectedly fell last week, a sign demand could be improving. The Energy Information Administration said Wednesday that crude stocks fell 4 million barrels while analysts had expected a rise of 1.3 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

"Very slowly, the imbalances in the U.S. oil market have been sorting themselves out," Barclays Capital said in a report. "A key part of that adjustment has been the winnowing away of the overhang of inventories."

Barclays expects oil prices to average $76 a barrel in the fourth quarter and $85 next year.

In other Nymex trading, heating oil fell 1.55 cents to $2.07 a gallon. Gasoline for December delivery dropped 1.36 cents to $2.00 a gallon. Natural gas for December delivery rose 1.00 cent to $4.74 per 1,000 cubic feet.

In London, Brent crude for December delivery fell 54 cents to $78.35 on the ICE Futures exchange. ]]> Market News dailyforexnews <![CDATA[Market Wire Update: Euro Ahead Of The ECB [Post #29492]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29492#post29492 Thu, 05 Nov 2009 09:36:02 GMT Forex Trader Note: We have to be looking at the short side of Eur/Usd overnight, now that S&P futures took the elevator down at the close. If 1.4860 goes, (the 20-day SMA) then by the time Jean Claude Trichet announces ECB rates on Thursday, the 50-day SMA may be in play at 1.4685. That is if global equities take the cue that a 1.5% tumble in 30 minutes equals stock jitters. S&P gave it back, and it will be interesting to see whether the market wants to do the same with euro. FOMC held U.S. interest rates, and offered a stable outlook on forward growth, but still remained bearish on interest rates. We will look to trade the S&P/Usd link, of stocks up = dollar down and vice versa, until the expansion phase hits the global business cycles.

Lots and targets: The near-term trends are completely mixed, as the market holds fair value on risk. Most pairs are at last week’s closing prices

Red Flag Economics:
19:30 EST Aud Retail Sales Exp -2,13B, Prev -1.52B
07:00 EST Gbp Interest Rate Exp 0.50%, Prev 0.50%
07:45 EST Eur Interest Rate Exp 1.0%, Prev 1.0%
08:30 EST Eur Press Conference
08:30 EST Cad Build. Permits Exp 1.4%, Prev 7.2%
08:30 EST Cad Ivey PMI Exp 60.1, Prev 61.7

Dollar Index: The 76.00 area now becomes the swing-point for the dollar index. A four hour close above/below that price point signals which way the market is willing to test the value of the Usd. Swing Point: 76.40

S&P Futures: The 1050 area on the S&P is the near-term top, with a 1065 limit that may see things retreat heavily from. The 1037 area is the swing point to work up and down from at this time. Swing Point: 1037

Crude Oil: 80.45 is the topside number on crude oil trade, and if that hits the dollar will be going lower by default, with 81.75 above that. There is a lot of noise at the 78.65 area, with solid support at 77.50. Swing Point: 78.55

Gold Bullion: 1075 on gold trade will be the swing point area, and that will likely catch the reversal of any long tests of 1095. The short side is protected by 1065. Swing Point: 1075 ]]> Market News dailyforexnews <![CDATA[Global Market Wrap: Markets Decline During Asian Session [Post #29491]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29491#post29491 Thu, 05 Nov 2009 09:33:41 GMT Equity Futures: Dow -14.00. S&P -1.70. NASDAQ -3.25. Japanese Nikkei -10.00. German Dax -47.00
Stock markets were again trading mixed during the Asian session. The Japanese Nikkei was declining at the start of the session by 112 points and the Australian S&P/ASX was gaining 5 points. The export sectors were leading the declines. More stocks on the Nikkei 225 have declined than advanced. Electronics maker Sanyo has dropped nearly 20 percent.
The Bank of Japan has released the meeting minutes from the last monetary policy meeting. Board members have stated that they plan to keep interest rates low even as emergency programs that have been used to help provide corporate funding begin to end. On October 30 the bank decided to close the program of purchasing corporate debt during the month of December.
The trade deficit in Australia has widened less than analysts had forecasted during September. The surge in exports such as coal and gold helped to offset the gains in imports for the country. The increase seen adds fuel to the fact that there is evidence of the global economy recovering from the recession. The stronger demand for natural resources from China has also help exports gain.

S&P Technical View: TheLFB Member Charts
Daily chart trend: Long. Main price points: 1080-1100. Looking for: Wave 5 or C top
The price structure on the daily chart is showing two valid scenarios. On the left side of the chart below, it shows an impulse structure with five waves up from the 665 lows to the current highs. If this is the case, the wave 4 discussed on the weekly chart, below, will be rejected, since the fourth wave is a corrective wave, which means it cannot be sub-divided by a five wave move. However, in this scenario, a three wave push lower into a corrective blue wave 2, with a targets somewhere around 950 area is expected.
On the right side of the chart, we have a different picture, with a wave count that with a zig-zag correction, which is valid for a wave 4 scenario. In this case lower blue wave 5 will follow.
Overall, the current price structure signals for a coming turning point with at least three wave push lower over the coming weeks, since the market is trading around the top of wave 5 or wave C leg.
Overnight, the Japanese Nikkei shed 112.03 points (-1.14%) to 9,732.28. The Australian S&P/Asx was advancing 5.00 points (0.11%) to 4,545.10.
The MSCI Asia Pacific Index has gained 1.07 points or 0.93 percent during the session.
Crude oil was recently trading at $80.15 per barrel, lower by $0.25. Oil has been trading within a 6 point range for several weeks. Support is seen near the 76 area while resistance, which the pair is quickly approaching, is at the 82 level.

Crude oil Technical View: TheLFB Member Charts
Daily chart trend: Long. Main price points: 68.00, and 82. Looking for: Wave V top
Oil has made the latest top around the 82.00 zone, very close to the Fibonacci resistance levels shown between 83 and 84. Volume has not been strong over the last ten days, and the MACD is showing bearish divergence. All these reads are characteristics of a wave V move, which is the final sub-wave of a black wave 1), and is indicative of a reversal set-up, in this case, short.
Gold was recently trading higher by $4.30 to $1,091.60. The precious metal has been on a tear recently. The 1100 area for the commodity is acting as resistance while support for the metal has been seen at 1080.

Gold Technical View: TheLFB Member Charts
Daily chart trend: Long. Main price points: 1026.40, and 1100. Looking for: Wave III top
On the daily gold chart, the market has broken through the 1070 wave 3) top, after hitting the 1026 wave 4) bottom around the bullish trend line. This break has put wave 5) in progress, which has already reached the first target at the 1090 area as discussed last week.
Once wave 5) of an extended b ]]> Market News dailyforexnews <![CDATA[Currency Pair Overview: Major Pairs Near Major Moving Averages [Post #29490]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29490#post29490 Thu, 05 Nov 2009 09:32:01 GMT *Currency Pair Overview: * Major Pairs Near Major Moving Averages *Overall,* most of the major pairs spent the Asian session trading near their... Currency Pair Overview:
Major Pairs Near Major Moving Averages
Overall, most of the major pairs spent the Asian session trading near their major moving averages. During the session, Japan released their monetary policy meeting minutes where the bank pushed for better corporate funding support. Also, from Australia came the trade balance report which showed that the trade deficit widened less than forecasted.

Dollar Index Technical View: TheLFB Member Charts
Daily chart trend: Short. Main price points: 75.00. Looking for: Ending diagonal
Prices on the dollar index daily chart were threatening the upper line of an ending diagonal, where a break-out will confirm that the bottom is in place. In this case a retracement into the red wave IV area will be expected, while the current lows around the 75.00 zone must hold. The price action on Wednesday, as stocks moved all over the charts, will only add to the volatility in these moves.
The RSI indicator is showing a bullish divergence, which also indicates a change in trend direction.
The euro (Eur/Usd 1.4890) is finding the 20 day moving average at 1.4864 as support during the new session. The pair bounced off the 50 day recently after finding more support. This helps give the pair the go ahead to move higher and will need to use this momentum to break above the 1.5060 area.
The pound (Gbp/Usd 1.6595) has been trading in a relatively tight range during the Asian session. The pair closed the day with over a 130 pip increase. Resistance was seen at the 1.6600 area which stopped the pair from moving higher five days ago while 3 of the main moving averages will act as support.
The aussie (Aud/Usd 0.9135) has again been rejected from the 20 day moving average at 0.9137. The pair is declining slightly during the overnight session and will see minor support at the neutral swing point at 0.9065.
The cad (Usd/Cad 1.0610) After falling below the 50 day moving average yesterday the cad has not managed to make a significant break in either direction. The pair has the 20 day moving average at 1.0530 to act as support.
The swissy (Usd/Chf 1.0140) has fallen below the 20 day moving average during the US session and has not even attempted to move back above it during the Asian session. The pair has slight support at 1.0120 while resistance is firmly settled at 1.0340.
The yen (Usd/Jpy 90.70) has had a semi-volatile session. The 50 day moving average at 90.90 blocked the pair from moving higher while the 20 day moving average moves into the same area. The 20 day moving average will be seen as resistance during the session. ]]> Market News dailyforexnews <![CDATA[Time Warner [Post #29455]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29455#post29455 Wed, 04 Nov 2009 21:38:01 GMT Daily Market Commentary for November 4, 2009 Time Warner Time Warner Inc. reported Wednesday that earnings fell 38% in the third-quarter;... Daily Market Commentary for November 4, 2009

Time Warner

Time Warner Inc. reported Wednesday that earnings fell 38% in the third-quarter; however the company beat Wall Street’s expectations and raised its full year earnings forecast. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Market Index rose 8.2% at 608.3 compared to last week 562.3; U.S. MBA Purchase Index fell1.8% at 250.3; compared to last week 254.9; U.S. MBA Refinance Index rose 14.5% At 2693.7; last week 2352.5.

ADP Nonfarm Employment Change:
ADP sees October U.S. Private Sector Jobs -203,000; ADP October U.S. Private Sector Jobs Expected -203,000.

ISM [Institute for Supply Management] Non-Manufacturing Index:
U.S. ISM October Non-Manufacturing Prices Index 53.0 versus September 48.8; U.S. ISM October Non-Manufacturing PMI 50.6 versus September 50.9; U.S. ISM October Non-Manufacturing PMI Expected 52.0; U.S. ISM October Non-Manufacturing Business Index 55.2 versus September 55.1; U.S. ISM October Non-Manufacturing Employment Index 41.1 versus September 44.3; U.S. ISM October Non-Manufacturing Prices Index 53.0 versus September 48.8; U.S. ISM October Non-Manufacturing New Orders Index 55.6 versus September 54.2; U.S. ISM: Respondents 'mostly cautious' about business conditions.

Crude Oil Inventories provided by DOE [Department of Energy]:
U.S. Crude Oil Stockpiles -3.936 Million Barrels at 335.914 Million Barrels; U.S. Crude Oil Stockpiles -3.936 Million Barrels in week; was seen increasing by 1.4 Million Barrels; U.S. Gasoline Stockpiles -0.287 Million Barrels at 208.277 Million Barrels; U.S. Gasoline Stockpiles -0.287 Million Barrels in week; was seen decreasing by 0.1 Million Barrels; U.S. Distillate Stockpiles -0.378 Million Barrels at 167.376 Million Barrels; U.S. Distillate Stockpiles -0.378 Million Barrels in week; was seen decreasing by 1 Million Barrels; U.S. Refineries Ran at capacity 80.6% versus 81.76% week ago; U.S. Refineries Ran at 80.6%; was seen 81.70%.

Federal Open Market Committee [FOMC] Interest Rate Decision:
Fed keeps fed funds range unchanged at 0.0% to 0.25%; fed leaves discount rate unchanged at 0.5%; economic activity has continued to pick up; economic activity likely to remain weak for some time; household spending seems to be expanding; conditions In financial markets ' roughly unchanged'; activity in housing sector has recently increased; spending constrained by job losses, tight credit; businesses still cutting back on fixed investment; businesses making progress on inventory stocks; inflation will remain subdued for some time; sees exceptionally low rate levels for extended period; will purchase about $175B of agency debt; new agency debt amount lower than initially announced; will gradually slow pace of agency debt, MBS purchases.

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 23.57 points, EOD 9,795.48
NYSE (New York Stock Exchange) gain 17.75, EOD 6,830.43
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 2.87 points, EOD 2,054.45
S&P 500 (SPX) gain 0.09 points, EOD 1,045.50
BEL 20 (BEL20) gain 50.08 points, EOD 2,401.17
CAC 40 (CAC40) gain 86.08 points, EOD 3,670.33
FTSE100 (UKX100) gain 70.68 points, EOD 5,107.89
NIKKEI 225 (NIK/O) gain 47.2, EOD 9,844.31

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,646 declined stock prices 1,439, unchanged stock prices 70, stock prices hitting new highs 56 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MA gain 5.78, HOD 228.79, LOD 220.11, EOD 224.98; DVA gain 3.52, HOD 59.93, LOD 56.09, EOD 57.92; CRL shed 3.09, HOD 35.78, LOD 33.00, EOD 34.01; FAS shed 2.39, HOD 73.18, LOD 66.90, EOD 67.22; RHB gain 5.43, HOD 25.50, LOD 21.38, EOD 24.38; CME shed 4.88, HOD 304.44, LOD 295.65, EOD 296.68; GS shed 2.11, HOD 174.60, LOD 169.02, EOD 169.50; INT shed 0.46, HOD 56.37, LOD 51.10, EOD 51.66.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,087, declined stock prices 1,662, unchanged stock prices 101, stock prices hitting new highs 51 and stock prices hitting new lows 41. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: STEC shed 9.01, HOD 16.26, LOD 14.04, EOD 14.14; TRLG shed 6.49, HOD 23.75, LOD 20.03, EOD 20.07; AAPL gain 2.06, HOD 193.85, LOD 190.23, EOD 190.81; GRMN shed 4.57, HOD 33.23, LOD 26.54, EOD 26.84; MXWL shed 2.67, HOD 17.28, LOD 14.30, EOD 16.29; BIDU gain 3.33, HOD 392.00, LOD 385.00, EOD 386.37; FSLR shed 2.92, HOD 127.10, LOD 121.00, EOD 121.59; WYNN shed 0.86, HOD 57.60, LOD 55.06, EOD 55.27; BGFV gain 0.41, HOD 16.78, LOD 15.86, EOD 15.91.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 270, declined stock prices 241, unchanged stock prices 51, stock prices hitting new highs 12 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1044.75; Change 3.00
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,679.75; Change 4.25
E-mini DOW $5 (YM) Dec 09: EOD 9,766; Change 49
E-mini S&P MidCap 400 (MF) Dec 09: EOD 666.40; Change -1.80
Nikkei 225 (Yen) Dec 09: EOD 9,845; Change 35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6729 U.S. Dollars 1.4862
Japanese Yen 90.6000 to U.S. Dollars 0.0110
British Pound 0.6038 to U.S. Dollars 1.6562
Canadian Dollar 1.0637 to U.S. Dollars 0.9401
Swiss Franc 1.0156 to U.S. Dollars 0.9846

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.80, EOD $80.40 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.02, EOD $2.09 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.20, EOD $4.73 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.01, EOD $2.01 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $2.10, EOD $1,087.00 ($US per Troy ounce)
Silver (December 09) gain $0.22, EOD $17.40 ($US per Troy ounce)
Platinum (January 09) gain $13.10, EOD $1,369.30 ($US per Troy ounce)
Copper (December 09) gain $0.04, EOD $2.99 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.25, EOD $57.80
Pork Bellies (February 10) shed $1.35, EOD $87.80
Live Cattle (December 09) gain $0.55, EOD $86.25
Feeder Cattle (January 10) gain $1.43, EOD $96.70

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $6.00, EOD $384.00
Soybeans (January 10) shed $11.50, EOD $999.00

BOND MARKET:
2 year EOD 100 6/32, change 1/32, Yield 0.90, Yield change -0.01
5 year EOD 100 2/32, change 0, Yield 2.35, Yield change 0.00
10 year EOD 100 26/32, change -14/32, Yield 3.52, Yield change 0.05
30 year EOD 101 1/32, change -1 21/32, Yield 4.43, change 0.10

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[USPS (Ultimate Sports, Inc.) News of new Product Design [Post #29447]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29447#post29447 Wed, 04 Nov 2009 20:07:12 GMT USPS announces they've teamed up with Purdue to design Green Machine scooter- unlimted potential.
Link below:
Market Watch greenfaucet

Exciting- green and functional ]]> Market News wlk <![CDATA[MEXP- Treasure Pics [Post #29428]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29428#post29428 Wed, 04 Nov 2009 18:23:29 GMT Pics from MEXP.BIZ Image: http://www.topknotchwebs.com/images/cup.jpg Image: http://www.topknotchwebs.com/images/key_hole.jpg Image:... Pics from MEXP.BIZ

Emerging Capital anticipates compensation of 50,000 free trading shares of (MEXP.OB) stock, for ONE month's service (Oct. 6, 2009 to Nov. 6th, 2009), by a third party; for the (MEXP.OB) profile, MARKET AWARENESS, "company material" and advertisement’s appearing on behalf of said third party... ]]> Market News James516 <![CDATA[Treasure Pics @ MEXP.Biz [Post #29423]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29423#post29423 Wed, 04 Nov 2009 17:29:05 GMT Check this out.... MEXP has uploaded pictures of the first portion of items recovered from sunken treasure ships of the coast of the Dom. Republic. ... Check this out.... MEXP has uploaded pictures of the first portion of items recovered from sunken treasure ships of the coast of the Dom. Republic.

The pictures are on their website:
Marine Exploration Inc

You Can see the Pr at:
Permalink: Marine Exploration, Inc. Uploads Latest Sunken Treasure Pictures to Company Website | Business Wire

Emerging Capital anticipates compensation of 50,000 free trading shares of (MEXP.OB) stock, for ONE month's service (Oct. 6, 2009 to Nov. 6th, 2009), by a third party; for the (MEXP.OB) profile, MARKET AWARENESS, "company material" and advertisement’s appearing on behalf of said third party... ]]> Market News James516 <![CDATA[Warren Buffet [Post #29351]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29351#post29351 Tue, 03 Nov 2009 21:46:13 GMT Daily Market Commentary for November 3, 2009

Warren Buffett

Warren Buffett's company, Berkshire Hathaway announced Tuesday it will purchase railroad operating company Burlington Northern Santa Fe Corp; Buffet's company will spend a reported $34 billion. (Read more at Millennium-Traders.Com)

Economic data released today:

Factory Orders:
U.S. Factory Orders rose 0.9% in September compared to consensus of an increase by 0.8%; September Factory Orders, Excluding Transportation, rose 0.8%; September Factory Orders, Excluding Defense, rose 0.7%; September Durable Goods Revised to rise 1.4% from an increase by 1.0%; August Factory Orders Unrevised at -0.8%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 28.11 points, EOD 9,761.33
NYSE (New York Stock Exchange) gain 27.76, EOD 6,812.70
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 5.34 points, EOD 2,054.54
S&P 500 (SPX) gain 1.92 point, EOD 1,044.80
BEL 20 (BEL20) shed 46.32 points, EOD 2,351.09
CAC 40 (CAC40) shed 55.21 points, EOD 3,584.25
FTSE100 (UKX100) shed 67.29 points, EOD 5,037.21
NIKKEI 225 (NIK/O) unchanged, EOD 9,802.95

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,887 declined stock prices 1,189, unchanged stock prices 79, stock prices hitting new highs 37 and stock prices hitting new lows 12. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MA shed 3.45, HOD 226.15, LOD 210.13, EOD 219.20; RL gain 1.76, HOD 79.98, LOD 76.34, EOD 78.47; AIG gain 4.91, HOD 40.09, LOD 33.50, EOD 39.22; ICE shed 1.52, HOD 103.79, LOD 96.50, EOD 101.31; GS gain 0.93, HOD 172.16, LOD 168.74, EOD 171.61; CME shed 4.04, HOD 305.95, LOD 298.95, EOD 301.56.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,645, declined stock prices 1,097, unchanged stock prices 114, stock prices hitting new highs 33 and stock prices hitting new lows 42. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AAPL shed 0.56, HOD 189.52, LOD 185.92, EOD 188.75; DLLR gain 3.29, HOD 21.98, LOD 20.02, EOD 21.39; FSLR gain 2.81, HOD 125.26, LOD 120.09, EOD 124.51; BIDU gain 7.59, HOD 384.52, LOD 369.12, EOD 383.04; CTSH gain 3.17, HOD 42.40, LOD 40.85, EOD 41.97; PEET gain 3.88, HOD 39.66, LOD 33.42, EOD 38.44; SHOO shed 1.79, HOD 41.23, LOD 37.11, EOD 38.92; RIMM gain 3.87, HOD 60.14, LOD 55.38, EOD 59.61; WYNN gain 2.40, HOD 56.80, LOD 52.54, EOD 56.13; PCLN gain 1.92, HOD 166.77, LOD 159.30, EOD 164.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 280, declined stock prices 233, unchanged stock prices 43, stock prices hitting new highs 10 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1040.75; Change 1.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,676.00; Change 7.00
E-mini DOW $5 (YM) Dec 09: EOD 9,712; Change -23
E-mini S&P MidCap 400 (MF) Dec 09: EOD 668.40; Change 8.80
Nikkei 225 (Yen) Dec 09: EOD 9,790; Change 0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6799 U.S. Dollars 1.4707
Japanese Yen 90.3500 to U.S. Dollars 0.0111
British Pound 0.6095 to U.S. Dollars 1.6406
Canadian Dollar 1.0683 to U.S. Dollars 0.9361
Swiss Franc 1.0267 to U.S. Dollars 0.9740

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.37, EOD $78.50 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.03, EOD $2.07 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.10, EOD $4.92 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.03, EOD $1.96 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $30.90, EOD $1,084.90 ($US per Troy ounce)
Silver (December 09) gain $0.74, EOD $17.18 ($US per Troy ounce)
Platinum (January 09) gain $18.10, EOD $1,356.20 ($US per Troy ounce)
Copper (December 09) gain $0.01, EOD $2.96 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.18, EOD $57.55
Pork Bellies (February 10) shed $0.15, EOD $89.15
Live Cattle (December 09) shed $0.53, EOD $85.70
Feeder Cattle (January 10) shed $0.30, EOD $95.28

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $7.75, EOD $390.00
Soybeans (January 10) gain $12.50, EOD $1,010.50

BOND MARKET:
2 year EOD 100 5/32, change 1/32, Yield 0.91, Yield change -0.01
5 year EOD 100 2/32, change -4/32, Yield 2.35, Yield change 0.02
10 year EOD 101 8/32, change -15/32, Yield 3.47, Yield change 0.06
30 year EOD 103 22/32, change -1 7/32, Yield 4.33, change 0.07

Access upcoming scheduled economic data anytime by viewing the Economic Calendar 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[Oil Is Little Changed After Climbing on Manufacturing Data [Post #29286]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29286#post29286 Tue, 03 Nov 2009 06:26:11 GMT Crude oil traded little changed in New York after rising from a two-week low as growth in manufacturing spurred hopes of an economic recovery. ... Crude oil traded little changed in New York after rising from a two-week low as growth in manufacturing spurred hopes of an economic recovery.

U.S. stocks gained, with the Dow Jones Industrial Average gaining 76.71 points, or 0.8 percent, to 9,789.44 after the Institute for Supply Management said manufacturing grew at the fastest pace in more than three years. Manufacturing also expanded in China and Europe.

“The price of oil went up and down based on the equities market,” Mike Sander, an investment adviser at Seattle-based Sander Capital Advisors, wrote in an e-mail report.

Crude oil for December delivery was up 1 cent, or 0.1 percent, at $78.14 a barrel on the New York Mercantile Exchange at 11:22 a.m. Sydney time. Crude has risen 75 percent this year.

Futures lost 4.4 percent last week, the first pullback in a month, after U.S. crude oil and gasoline stockpiles rose, equities declined and the dollar’s rebound reduced the investment appeal of commodities. Prices dropped 3.6 percent on Oct. 30 after a report showed U.S. consumer spending in September fell for the first time in five months.

Reports on U.S. home sales and construction also beat expectations in another sign of an improving economy.

The number of contracts to buy previously owned homes in the U.S. rose in September for an eighth straight month as Americans rushed to meet a deadline for a home-buyer credit, according to a report today from the National Association of Realtors in Washington. Construction spending climbed the most since September 2008.

Dollar Weakness

The dollar traded at $1.4799 per euro, compared with $1.4775 in New York yesterday, and may fall for a second day amid speculation the Federal Reserve this week will keep interest rates low.

Volatility has increased amid “unease in the investment world” and uncertainty about banks’ ability to repay the money they owe, the investment adviser Sander wrote in his note. “With added volatility can also come pressure for the market to pull back.”

Output from the Organization of Petroleum Exporting Countries expanded to its highest level in 10 months, a Bloomberg News survey showed.

“We do think there will be more OPEC oil in the market as OPEC tries to keep oil below $80 a barrel,” said Phil Flynn, vice president of research at PFGBest in Chicago. The OPEC estimate is acting as a counterweight to the bullish economic news, he said.

OPEC Output

OPEC output averaged 28.76 million barrels a day in October, up 80,000 barrels from September, according to a Bloomberg survey of oil companies, producers and analysts. The entire gain came from the OPEC members with quotas, all except Iraq. The 11 countries pumped 26.31 million barrels a day, 1.465 million barrels above their target. Iraqi output was unchanged.

“It doesn’t help OPEC’s cause if, as reports indicate, they decide to increase production at a time when demand is still not very robust,” said Christopher Bellew, senior broker at Bache Commodities Ltd. in London. “It may be some time before there’s another test of $80.”

U.S. oil inventories probably rose 1.5 million barrels last week from 339.9 million in the week ended Oct. 23, based on the average estimate of eight analysts surveyed by Bloomberg News. It would be the fourth consecutive weekly increase. All eight analysts forecast an increase.

Distillate supplies probably fell 600,000 barrels from 167.8 million. Five analysts said stockpiles dropped and three said they rose. U.S. gasoline inventories probably climbed 830,000 barrels last week from 208.6 million the week before, according to the survey. Six analysts forecast an increase and two a decline.

Oil Bets

Hedge-fund managers and other large speculators increased their bets on rising oil prices to a 19-month high last week, according to U.S. Commodity Futures Trading Commission data.

Speculative net-long positions, the difference between orders to buy and sell the commodity, climbed 47 percent to 109,619 contracts in the week ended Oct. 27, the commission said Oct. 30. That’s the highest since March 14, 2008.

Brent crude for December settlement climbed $1.35, or 1.8 percent, to $76.55 a barrel on the London-based ICE Futures Europe exchange.

Oil volume in electronic trading on the Nymex was 497,787 contracts as of 3:18 p.m. in New York. Volume totaled 628,446 contracts Oct. 30, 10 percent higher than the average over the past three months. Open interest was 1.24 million contracts. The exchange has a one-business-day delay in reporting open interest and full volume data. ]]> Market News dailyforexnews <![CDATA[Gold Gains to Near Record After IMF Sale, as Dollar Declines [Post #29285]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29285#post29285 Tue, 03 Nov 2009 06:21:00 GMT Gold jumped and was 0.5 percent away from a record after the International Monetary Fund said it is selling 200 metric tons of the metal to the... Gold jumped and was 0.5 percent away from a record after the International Monetary Fund said it is selling 200 metric tons of the metal to the Reserve Bank of India and as investors sought an alternative to a weaker dollar.

Bullion has gained 21 percent this year, as the dollar slumped 6.4 percent against major global currencies, and reached an all-time high of $1,070.80 on Oct. 14. The MSCI Asia Pacific Index of regional stocks rose after U.S. equities advanced as manufacturing topped projections, providing more evidence of an economic recovery.

“We’ll probably see gold test a previous high today as we have a weaker dollar and stock markets across the region are following” with gains, said Wallace Ng, chief dealer with Fortis Bank in Hong Kong. “I’m positive about gold.”

Gold for immediate delivery increased 0.5 percent to $1,064.99 an ounce at 11:15 a.m. in Singapore. December-delivery gold jumped 1.1 percent to $1,065.50 an ounce on the New York Mercantile Exchange’s Comex division, the highest price for the most-active contract since Oct. 23.

The Institute for Supply Management’s factory index rose to 55.7, a three-year high and exceeding every estimate of the 70 economists surveyed by Bloomberg News, data from the Tempe, Arizona-based group showed yesterday. Other reports indicated housing kept gaining after its worst recession since the 1930s.

IMF Sale

The IMF said it will receive $6.7 billion from the transaction with India. The Washington-based lender’s first bullion sale in nine years, almost half the 403.3 tons it agreed in September to sell, is part of a plan to shore up its finances and lend at reduced rates to low-income countries.

“This is positive for the gold market, as bilateral sales which avoid the open spot market will avoid adding to marginal physical supply,” said David Barclay, a commodity strategist with Standard Chartered Bank in Hong Kong.

Asian nations, which have amassed stockpiles of foreign currency reserves since the 1998 financial crisis, have shown increased interest in diversifying out of U.S. assets as the dollar loses value against other currencies.

Central banks and other “official” entities such as the International Monetary Fund held 26,350 tons of gold at the end of last year, according to London-based research company GFMS Ltd. By comparison, investment holdings in exchange-traded funds were 1,222 tons, GFMS said in its 2009 Gold Survey report.

Gold Holdings

Bullion holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by the metal, were unchanged at 1,103.52 tons as of Nov. 2, according to the company’s Web site.

Hedge funds and other large speculators trimmed net-long positions, or bets on higher prices, in New York gold futures for a second week as of Oct. 27, Commodity Futures Trading Commission data on showed on Oct. 30.

Among other precious metals, silver added 1.1 percent to $16.6425 an ounce, platinum advanced 1.4 percent to $1,354 an ounce and palladium was up 1 percent to $326.50 an ounce. ]]> Market News dailyforexnews <![CDATA[Australian Dollar Falls as Central Bank May Slow Rate Increases [Post #29284]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29284#post29284 Tue, 03 Nov 2009 06:19:08 GMT Australia’s dollar fell after the central bank said it was “prudent to lessen gradually” the economic stimulus provided by lower-than-average... Australia’s dollar fell after the central bank said it was “prudent to lessen gradually” the economic stimulus provided by lower-than-average borrowing costs, prompting traders to pare bets on a rate increase in December.

Futures markets reduced to about 50 percent the chance of the Reserve Bank of Australia raising interest rates in December after it increased borrowing costs by 25 basis points today for the second time in a month. New Zealand’s dollar rose after U.S. stocks rebounded from their biggest weekly drop since May as Ford Motor Co.’s profit beat analyst estimates and housing reports signaled an economic recovery.

“With a December rate hike now in some doubt, this may weigh on the Australian dollar,” said Annette Martins, a currency strategist with Macquarie Bank Ltd. in Sydney. “This does not change the fact that the RBA maintains one of the highest cash rates in the developed world and this will work to limit the extent of the pull-back in Australia’s dollar.”

Australia’s currency fell 0.2 percent to 90.24 U.S. cents as of 4:15 p.m. in Sydney, from 90.89 cents before the central bank decision and 90.40 cents yesterday in New York. The currency slipped to 81.47 yen from 81.54 yesterday. New Zealand’s dollar advanced 0.6 percent to 72.22 U.S. cents and climbed 0.6 percent to 65.17 yen.

Benchmark interest rates are 3.5 percent in Australia and 2.5 percent in New Zealand, compared with 0.1 percent in Japan and as low as zero in the U.S., attracting investors to the South Pacific nations’ higher-yielding assets. The risk in such trades is that currency market moves will erase profits.

The Australian central bank’s decision was forecast by 18 of 22 economists in a Bloomberg News survey. The bank in April completed 4.25 percentage points of cuts, bringing the benchmark to a half-century low of 3 percent to help Australia avoid recession.

Rates, Wages

Governor Glenn Stevens noted that the advance of the Australian dollar, which last month touched its strongest since August 2008, “is likely to constrain output in the tradeables sector,” and dampen inflation pressures.

“Potentially it suggests that they are considering the Aussie dollar’s value now in determining their rate-tightening cycle up ahead,” said Gareth Berry, a currency strategist at UBS AG in Singapore. “But there’s no clue given with regard to what level they’d find the Aussie excessive.”

The Australian dollar may dip toward 88.50 U.S. cents and then 85.50 cents in the short-term, said Susumu Kanazawa, head of treasury in Sydney at Bank of Tokyo-Mitsubishi Ltd. Investors should “buy on dips toward the critical levels,” as losses in the currency will be short-lived, he said.

Bonds Advance

Australian government bonds reversed declines. The yield on the one-year government security, which is sensitive to interest-rate expectations, fell 17 basis points -- the most since Sept. 18 -- to 4.18 percent, according to data compiled by Bloomberg. The yield on 10-year notes slid nine basis points to 5.45 percent. The price of the 5.25 percent security due March 2019 rose 0.664, or A$6.64 per A$1,000 face amount, to 98.539.

“You have the RBA lifting interest rates and at the same time a commitment by the Federal Reserve to keep rates at record low levels for an extended period,” said Richard Grace, chief currency strategist in Sydney at Commonwealth Bank of Australia. “While that’s occurring and there are upward revisions to global growth, there’s no reason to be too bearish on the Australian dollar.”

U.S. Stocks

Both South Pacific nations’ currencies earlier gained after the Standard & Poor’s 500 index added 0.7 percent as Ford reported third-quarter profit, excluding extraordinary items, of 26 cents a share, beating the 20-cent loss estimated by analysts. U.S. manufacturing expanded faster than anticipated in October and the number of contracts to buy previously-owned homes unexpectedly rose in September for an eighth straight month.

New Zealand wages rose more than economists estimated in the third quarter with salaries for non-government workers rising 0.4 percent, according to Statistics New Zealand’s labor cost index released in Wellington today. The median estimate of 10 economists surveyed by Bloomberg was for a 0.3 percent gain.

New Zealand’s commodity export prices fell in October after gains in world markets were wiped out by the stronger local currency, a report from ANZ National Bank Ltd. showed today. The bank’s commodity price index fell 0.4 percent in New Zealand dollars. Excluding the currency adjustment, the index rose 4.6 percent, the eighth straight increase.

The nation’s two-year swap rate, a fixed payment made to receive floating rates, fell to 4.45 percent from 4.51 yesterday. ]]> Market News dailyforexnews <![CDATA[Ford [Post #29270]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29270#post29270 Mon, 02 Nov 2009 21:40:28 GMT Daily Market Commentary for November 2, 2009 Ford Ford Motor (F) reported a surprise gain in profit for the third quarter Monday; the... Daily Market Commentary for November 2, 2009

Ford

Ford Motor (F) reported a surprise gain in profit for the third quarter Monday; the automaker earned a net income of virtually $1 billion making it a very profitable quarter. (Read more at Millennium-Traders.Com)

Economic data released today:

ISM [Institute for Supply Management] Manufacturing Index:
U.S. ISM October Prices Index 65.0 versus September 63.5; U.S. ISM October Employment Index 53.1 versus September 46.2; U.S. ISM October New Orders Index 58.5 versus September 60.8; U.S. ISM October Production Index 63.3 versus September 55.7; U.S. ISM October Inventories Index 46.9 versus September 42.5; U.S. ISM October Manufacturing PMI 55.7 versus September 52.6; U.S. ISM October Manufacturing PMI Expected 53.3.

Pending Home Sales from NAR [National Association of Realtors]:
U.S. Pending Home Sales Index rose 6.1% to 110.1 in September; U.S. September Pending Home Sales rose 21.2% from September 2008 – NAR.

Construction Spending:
U.S. Construction Spending rose 0.8% in September compared to consensus of a decrease by 0.1%; August Construction Spending Revised to fall 0.1% from an increase by 0.8%.

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 74.74 points, EOD 9,787.47
NYSE (New York Stock Exchange) gain 45.49, EOD 6,784.94
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 4.09 points, EOD 2,049.20
S&P 500 (SPX) gain 6.48 points, EOD 1,042.67
BEL 20 (BEL20) gain 4.69 points, EOD 2,397.41
CAC 40 (CAC40) gain 31.77 points, EOD 3,639.46
FTSE100 (UKX100) gain 59.95 points, EOD 5,104.50
NIKKEI 225 (NIK/O) unchanged 143.64, EOD 10,034.35

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,616 declined stock prices 1,458, unchanged stock prices 101, stock prices hitting new highs 27 and stock prices hitting new lows 19. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MI shed 0.10, HOD 5.60, LOD 5.05, EOD 5.22; RBS shed 1.00, HOD 12.89, LOD 12.33, EOD 12.65; FAS gain 1.26, HOD 72.03, LOD 63.80, EOD 68.85; MON gain 1.10, HOD 68.64, LOD 67.04, EOD 68.28; GS gain 0.51, HOD 173.36, LOD 165.30, EOD 170.68; BLK gain 4.22, HOD 221.77, LOD 216.11, EOD 220.71; NUE shed 0.83, HOD 40.81, LOD 38.27, EOD 39.02; EDC gain 3.36, HOD 128.27, LOD 116.82, EOD 122.48; AIG gain 0.69, HOD 36.48, LOD 33.25, EOD 34.21; SRE gain 0.03, HOD 18.77, LOD 18.25, EOD 18.79; FDX gain 0.18, HOD 73.81, LOD 71.78, EOD 72.87; KBR shed 0.54, HOD 20.66, LOD 19.42, EOD 19.93.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,314, declined stock prices 1,438, unchanged stock prices 113, stock prices hitting new highs 20 and stock prices hitting new lows 56. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: HGSI gain 6.59, HOD 26.21, LOD 23.57, EOD 25.28; AAPL gain 0.69, HOD 192.88, LOD 185.57, EOD 189.19; RIMM shed 3.04, HOD 57.20, LOD 54.30, EOD 55.69; BIDU shed 1.92, HOD 380.50, LOD 370.00, EOD 375.99; FSLR gain 0.06, HOD 123.99, LOD 120.00, EOD 121.99; PCLN gain 4.91, HOD 163.59, LOD 157.29, EOD 162.70; ESRX gain 3.12, HOD 83.17, LOD 79.74, EOD 83.04.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 255, declined stock prices 245, unchanged stock prices 63, stock prices hitting new highs 6 and stock prices hitting new lows 8.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1039.00; Change 6.00
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,670.50; Change 5.00
E-mini DOW $5 (YM) Dec 09: EOD 9,735; Change 71
E-mini S&P MidCap 400 (MF) Dec 09: EOD 659.90; Change 2.50
Nikkei 225 (Yen) Dec 09: EOD 9,800; Change 85

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6773 U.S. Dollars 1.4764
Japanese Yen 90.3000 to U.S. Dollars 0.0111
British Pound 0.6099 to U.S. Dollars 1.6395
Canadian Dollar 1.0777 to U.S. Dollars 0.9279
Swiss Franc 1.0222 to U.S. Dollars 0.9783

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $1.13, EOD $78.13 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.04, EOD $2.05 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.22, EOD $4.82 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.03, EOD $1.99 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $13.60, EOD $1,054.00 ($US per Troy ounce)
Silver (December 09) gain $0.19, EOD $16.44 ($US per Troy ounce)
Platinum (January 09) gain $11.80, EOD $1,338.10 ($US per Troy ounce)
Copper (December 09) shed $0.01, EOD $2.95 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.03, EOD $57.73
Pork Bellies (February 10) unchanged, EOD $89.30
Live Cattle (December 09) gain $0.55, EOD $86.23
Feeder Cattle (January 10) gain $0.50, EOD $95.58

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $16.25, EOD $382.25
Soybeans (January 10) gain $21.50, EOD $998.00

BOND MARKET:
2 year EOD 100 4/32, change -2/32, Yield 0.92, Yield change 0.03
5 year EOD 100 5/32, change -4/32, Yield 2.33, Yield change 0.03
10 year EOD 101 21/32, change -11/32, Yield 3.42, Yield change 0.04
30 year EOD 103 29/32, change -24/32, Yield 4.26, change 0.04

Access upcoming scheduled economic data anytime by viewing the Economic Calendar 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.

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Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[UK manufacturers more hopeful about economy [Post #29206]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29206#post29206 Mon, 02 Nov 2009 14:19:53 GMT U.K. manufacturers are increasingly optimistic about the recovery of the British economy, which is still mired in recession, a survey showed Monday.... U.K. manufacturers are increasingly optimistic about the recovery of the British economy, which is still mired in recession, a survey showed Monday.

October's Purchasing Managers Index for the manufacturing sector stood at 53.7, marking the first time since November 2007 there were more respondents seeing an improvement in business than a decline. Any figure above 50.0 indicates a net increase in activity.

New orders hit a 69-month peak, though the Chartered Institute of Purchasing & Supply said that was measured against weak comparables.

"One of the most positive developments noted by purchasing managers is that their clients are starting to restock inventories, which is encouraging them to restart production lines. This is important as it suggests the growth may be sustainable rather than a short term blip," said David Noble, the Institute's chief executive.

The latest figures must be treated cautiously, said Rob Dobson, senior economist at Markit Economics, which gathered the survey data.

"Job losses are still running at a fast rate and cost pressures are starting to re-emerge," Dobson said.

"Official data show that manufacturing employment is at its lowest level since comparable records began and output is at its mid-1992 level," Dobson said, adding that the road to recovery "is likely to be long and uncertain."

Britain's economy shrank by 0.4 percent in the third quarter, according to the preliminary calculation by the Office for National Statistics, confounding widespread expectations that the economy might return to growth during the period. ]]> Market News dailyforexnews <![CDATA[Oil hovers near $77 ahead of US economic reports [Post #29205]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29205#post29205 Mon, 02 Nov 2009 14:18:39 GMT Oil prices hovered near $77 a barrel Monday in Asia after a big fall the previous trading session as investors eyed upcoming figures on the U.S.... Oil prices hovered near $77 a barrel Monday in Asia after a big fall the previous trading session as investors eyed upcoming figures on the U.S. economy and a volatile dollar.

Benchmark crude for December delivery was down 11 cents to $76.89 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

The contract fell $2.87 to settle at $77.00 on Friday as the dollar gained and stock markets dropped on news U.S. consumer spending and confidence had fallen in September.

Investors will be looking to a slew of economic indicators this week for further clues about the strength of the U.S. economic recovery. The Labor Department's October employment report will likely be the most closely watched report, but data on manufacturing, services and home sales could also move markets.

The Federal Reserve will also comment after a two-day meeting on interest rate policy.

Oil has slumped from its 2009 high of $82 a barrel last month as the dollar reversed some of its earlier losses. The euro rose to $1.4757 in Asian trading Monday from $1.4714 on Friday while the dollar rose to 90.15 yen from 89.67.

"(Oil) prices may not retract too sharply, but the balloon of irrational exuberance has been, at least temporarily, deflated," energy consultancy TheSchork Group said in a report Monday.

Investors will also be paying attention to third quarter corporate earnings results this week. Ford Motor Co., Cisco Systems Inc., Kraft Foods Inc., Marathon Oil Corp., Starbucks Corp. and Time Warner Inc. are scheduled to report.

In other Nymex trading, heating oil rose 1.08 cents to $2.02 a gallon. Gasoline for December delivery gained 0.45 cent to $1.96 a gallon. Natural gas for December delivery jumped 4.3 cents to $5.05 per 1,000 cubic feet.

In London, Brent crude for December delivery was flat at $75.20 on the ICE Futures exchange. ]]> Market News dailyforexnews <![CDATA[JPY – Yen Strengthens Against the Majors [Post #29204]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29204#post29204 Mon, 02 Nov 2009 14:17:52 GMT The Yen saw an extremely bullish session during last week’s trading. The Yen rose over 600 pips against the Euro and over 500 pips against the Pound.... The Yen saw an extremely bullish session during last week’s trading. The Yen rose over 600 pips against the Euro and over 500 pips against the Pound. The Yen even saw a rising trend against the recovering Dollar, and the USD\JPY pair dropped to the 89.20 level.

The Yen’s bullish correction appears to be a direct result to the positive data published from the Japanese economy. The Japanese Unemployment Rate dropped to 5.3%, its lowest rate in 4 months. The Japanese Preliminary Industrial Production rose by 1.4% in September, beating expectations for a 1.1% rise. This means that the inflation-adjusted value of output produced by manufacturers rose by 1.4% in September as opposed to August. The Yen strengthened despite the fact that the Bank of Japan (BOJ) left the Japanese Interest Rates at 0.10%, the lowest level in the industrial world.

As for the week ahead, many interesting news publications are expected from the Japanese economy. Traders should focus on two main events: the BOJ Governor Shirawaka speech on Wednesday and the Monetary Policy Meeting Minutes. On these events the BOJ will most likely reveal its future plans for the Japanese economy, and this is likely to impact the Yen. ]]> Market News dailyforexnews <![CDATA[EUR – European Interest Rates Announcement Expected This Week [Post #29203]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29203#post29203 Mon, 02 Nov 2009 14:17:19 GMT The Euro dropped against all the major currencies during last week’s trading session. The Euro lost 300 pips against the Dollar, 300 pips against the... The Euro dropped against all the major currencies during last week’s trading session. The Euro lost 300 pips against the Dollar, 300 pips against the Pound and over 600 pips against the Yen.

Two main reasons have led to the Euro’s downfall last week. One, the economic data from the Euro-Zone has failed to reach analysts’ expectations. The German Consumer Climate, a leading indicator of consumer spending, saw a 4.0 end result, failing to reach expectations for a 4.5 result, falling for the first time in 14 months. The German Retail Sales dropped by 0.5% in September, also showing that the German economy still experiencing difficulties to fully recover. Considering that Germany contains the strongest and biggest economy in the Euro-Zone, the negative data has weakened the Euro. The second reason for the Euro’s downtrend seems to be the recovering Dollar. Furthermore, it appears that if the Dollar’s correction will proceed, the Euro might continue to weaken.

Looking ahead to the following week, the main data expected from the Euro-Zone will be the Minimum Bid Rate scheduled for Thursday. The Minimum Bid Rate is the Euro-Zone’s interest rates announcement for November. The Minimum Bid Rate currently stands on 1.00% and analysts expect it to stay this way. However, if the European Central Bank will surprise and hike rates, it will have the potential to reverse the Euro’s bearish trend, and to lift the Euro back up. Traders should also follow the British interest rates announcement whish is due at the same day. ]]> Market News dailyforexnews <![CDATA[USD – A Week Packed With Economical Data Expected [Post #29202]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29202#post29202 Mon, 02 Nov 2009 14:16:48 GMT During last week’s session the Dollar managed to recover against most of the major currencies. The Dollar saw a 300 pips rise against the Euro, and... During last week’s session the Dollar managed to recover against most of the major currencies. The Dollar saw a 300 pips rise against the Euro, and the EUR/USD pair is trade near the 1.47 level. However, the Dollar continued to weaken against the Japanese yen.

The Dollar’s recovery appears to be mainly psychologically. Last week did not provide sustain data showing that should have supported the Dollar. It seems to be that the fact that the EUR/USD reached the 1.50 level, a very poor level for the Dollar, the market promptly corrected this situation with a bullish trend for the Dollar.
Last week’s data mainly showed that the U.S economy is yet to be seen as a recovered economy. The housing sector, the main reason for the recession, is far from returning to levels seen before the crisis began. The employment condition continues to deteriorate, and the weekly Unemployment Claims rises every week.

Nevertheless, the upcoming week has the potential to create mayhem in the market, as various extremely-impacting news publications are expected from the U.S economy. The main data that traders should focus on is likely to be the Federal Funds Rate and the Non-Farm Employment Change. The Federal Funds Rate is in fact the U.S interest rates announcement for November. Currently, analysts expect the FED to leave the rates at their low level, lower than 0.25%. If the FED will surprise and hike rates, it is likely to boost the Dollar. The Non-Farm Employment Change measures the change in the number of employed people during October, excluding the farming industry. Analysts forecast the 173,000 have lost their jobs during October, and that could be the best figure in 14-months. This also has the potential to boost the Dollar. ]]> Market News dailyforexnews <![CDATA[A very mixed-up housing market [Post #29127]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29127#post29127 Sun, 01 Nov 2009 09:07:19 GMT The average price paid for houses in Scotland continued to decline in the year ending September 26, according to latest figures from the Registers of... The average price paid for houses in Scotland continued to decline in the year ending September 26, according to latest figures from the Registers of Scotland. The average figure was £149,546 — 4.3% lower than the previous 52-week period.

Unsurprisingly, there were some significant regional disparities. Average prices fell by 17% in Inverclyde, 13% in West Dunbartonshire, 10% in Renfrewshire 10%, 9.4% in North Ayrshire and 8.9% in East Lothian.

Elsewhere, the market was stronger. In Argyll and Bute, the fall was only 1.4%, in Angus it was 1.8%, Moray 2.2%, East Dunbartonshire 2.3% and South Lanarkshire 2.4%. The statistics have been compiled using sales between £20,000 and £1m to ensure that the average is not distorted by single transactions.

Figures for the 28-day period ending on September 26 show even more variation. Average prices paid in Inverclyde are 19% lower than in the previous 28-day period. In Dumfries and Galloway, there has been a month-on-month fall of 12% in average prices. In Stirling, it was 10%, while East Renfrewshire and East Ayrshire recorded 9% falls.

In Angus, however, the picture was completely different. Average prices were 13% up on the previous 28-day period. They had also risen in East Lothian (10%), Argyll and Bute (10%), Scottish Borders (7%) and Falkirk (5%).

It is usual to expect a modest rise in prices in September, compared with August.

It would be wrong to read too much into the figures, as the small number of transactions means the sample may not be representative. However, it seems clear that Scotland is a place of disparate markets that are moving at different speeds and in different directions. ]]> Market News dailyforexnews <![CDATA[ECB rates on hold, experts view bank loan policy [Post #29126]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29126#post29126 Sun, 01 Nov 2009 09:03:14 GMT FRANKFURT — Eurozone interest rates are set firmly on hold and any signs of change will probably show up first in the European Central Bank’s... FRANKFURT — Eurozone interest rates are set firmly on hold and any signs of change will probably show up first in the European Central Bank’s exceptional loan support measures, analysts say.
“The ECB will leave interest rates on hold at 1.0 percent at its November policy meeting,” Capital Economics economist Jennifer McKeown said on Friday. Bank policymakers convene on Thursday.
The rate has been at a record low since May and persistent concern over the strength of an anticipated eurozone economic recovery will keep it there for some time, experts say.

European business and consumer confidence is on the rise, having firmed in October for the seventh consecutive month, but ECB president Jean-Claude Trichet has stressed that a recovery would be “uneven.”
The euro’s rise in value against the dollar has stirred up a headwind for exports from eurozone countries, while domestic consumption remains fragile amid fears that unemployment could climb higher in 2010.
The US Federal Reserve and the ECB “still harbour doubts about the pace of recovery and expect only lacklustre growth in the medium term,” Commerzbank economists said in a research note.
But the ECB has also warned banks to brace for the end of “enhanced credit support,” which expanded after the US investment bank Lehman Brothers collapsed in September 2008.
ECB governing council member Axel Weber, who is also the German central bank governor, commented last week that dependence on central bank funds was “certainly not a sustainable business model.”
“Banks should prepare for the progressive withdrawal of medicine administered by central banks,” Weber said.
The main feature of ECB support has been the supply of unlimited amounts of cash at its benchmark rate for periods of up to a year, aimed at keeping credit flowing through eurozone banks to the wider economy.
Reaching a peak in June with one-year loans of 442 billion euros (655 billion dollars) — the largest volume of funds ever provided in a single step — the policy has helped bring down interbank lending rates.
But banks have been slow to relay much of the credit to businesses and households, saying that demand has fallen as a result of the global downturn.
In September, eurozone lending to the private sector contracted for the first time on record, though an ECB bank lending survey showed later that banks could begin easing credit standards soon and that demand for home mortgages was firmer.
The economic think tank Ifo said Friday that the credit hurdle in Germany, the eurozone’s largest economy, was slightly lower in October though large firms found it harder than smaller ones to secure loans.
As a first step in what is called an “exit strategy” for unorthodox measures, the ECB could announce that its next 12-month refinancing operation in December could be the last, and/or that it will begin to charge more than 1.0 percent for central bank funds.
But Weber implied that the policy of granting all requests for funds, also an exceptional measure, would likely be continued even after the length of time they are loaned for was cut back towards the previous maximum of three months. ]]> Market News dailyforexnews <![CDATA[Consumer Spending [Post #29080]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29080#post29080 Fri, 30 Oct 2009 20:38:28 GMT Daily Market Commentary for October 30, 2009

Consumer Spending

Investors didn't take the news well that consumer spending plummeted, this month it fell by it's largest amount in nine months. (Read more at Millennium-Traders.Com)

Economic data released today:

Core PCE Price Index:
September PCE Core Price Index rose 0.1% rate on month; rose 1.3% on year; September PCE Price Index rose 0.1% rate on month; fell 0.5% on year.

Personal Income/Spending:
U.S. Personal Income Unchanged in September; compared to consensus of Unchanged; U.S. Personal Spending fell 0.5% in September; compared to consensus of a decrease by 0.5%; August Personal Income Revised to rise 0.1% from an increase by 0.2%; August Spending Revised to rise 1.4% from an increase by 1.3%.

Employment Cost Index:
U.S. 3Q Employment Cost Index rose 0.4% compared to consensus of an increase by 0.5%; U.S. 3Q Employment Cost Index rose1.5% from year ago.

Chicago PMI:
U.S. Chicago Purchasing Management Adjusted October Index 54.2 versus September 46.1; U.S. Chicago Purchasing Management October Prices Paid Index 48.6 versus September 51.3; U.S. Chicago Purchasing Management October Supplier Deliveries 50.7; versus September 49.3; U.S. Chicago Purchasing Management October Employment Index 38.3 versus September 38.8; U.S. Chicago Purchasing Management October New Orders Index 61.4 versus September 46.3.

Michigan Consumer Sentiment Index:
University Michigan 12-Month Inflation Forecast rose 2.9%; versus September increase by 2.2%; University Michigan 5-Yr Inflation Forecast rose 2.9%; versus September increase by 2.8%; University Michigan End-October Expectations 68.6; versus September 73.5; University Michigan Preliminary October Sentiment was 69.4; University Michigan End-October Sentiment 70.6; versus September 73.5; University Michigan End-October Current Index 73.7; versus September 73.4.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 240.78 points, EOD 9,721.80
NYSE (New York Stock Exchange) shed 215.86, EOD 6,739.45
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 52.41 points, EOD 2,045.14
S&P 500 (SPX) shed 30.22 points, EOD 1,035.89
BEL 20 (BEL20) shed 47.73 points, EOD 2,392.72
CAC 40 (CAC40) shed 106.33 points, EOD 3,607.69
FTSE100 (UKX100) shed 93.17 points, EOD 5,044.55
NIKKEI 225 (NIK/O) triple digit gain 143.64, EOD 10,034.35

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 388 declined stock prices 2,732, unchanged stock prices 51, stock prices hitting new highs 34 and stock prices hitting new lows 17. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: GNW gain 0.44, HOD 11.45, LOD 9.96, EOD 10.62; BEZ shed 1.19, HOD 26.68, LOD 25.26, EOD 25.86; FAS shed 9.76, HOD 75.60, LOD 66.30, EOD 67.59; CMI shed 2.85, HOD 48.90, LOD 42.10, EOD 43.07; EDC shed 17.19, HOD 133.75, LOD 115.00, EOD 119.12; CME shed 11.16, HOD 315.96, LOD 301.10, EOD 302.61; DTO gain 6.72, HOD 67.19, LOD 61.04, EOD 66.93; BMC shed 0.06, HOD 38.88, LOD 37.15, EOD 37.16; MHK shed 3.55, HOD 46.26, LOD 41.32, EOD 42.93; MFE shed 1.87, HOD 42.30, LOD 39.37, EOD 41.88; AOC shed 2.68, HOD 39.47, LOD 36.81, EOD 38.51; AEM shed 3.66, HOD 57.62, LOD 51.38, EOD 53.53.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 534, declined stock prices 2,233, unchanged stock prices 99, stock prices hitting new highs 24 and stock prices hitting new lows 44. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: TSRA shed 4.75, HOD 23.90, LOD 21.72, EOD 22.11; NVTL shed 3.27, HOD 9.60, LOD 8.58, EOD 8.92; MSTR gain 13.83, HOD 91.78, LOD 83.00, EOD 87.27; BARE gain 0.14, HOD 14.54, LOD 12.63, EOD 12.63; WYNN shed 2.07, HOD 57.75, LOD 52.46, EOD 54.22; BIDU shed 15.48, HOD 398.91, LOD 376.80, EOD 377.92; AFFY shed 0.71, HOD 20.88, LOD 18.05, EOD 20.14; FSLR shed 4.54, HOD 130.03, LOD 121.32, EOD 121.93; LECO gain 3.14, HOD 51.39, LOD 47.00, EOD 47.44; SYNT shed 5.80, HOD 40.23, LOD 35.80, EOD 35.83; PCLN shed 4.83, HOD 167.67, LOD 154.12, EOD 157.79.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 151, declined stock prices 393, unchanged stock prices 39, stock prices hitting new highs 4 and stock prices hitting new lows 9.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1034.00; Change -27.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,667.50; Change -40.00
E-mini DOW $5 (YM) Dec 09: EOD 9,674; Change -229
E-mini S&P MidCap 400 (MF) Dec 09: EOD 658.60; Change -16.00
Nikkei 225 (Yen) Dec 09: EOD 9,710; Change -320

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6795 U.S. Dollars 1.4717
Japanese Yen 92.0200 to U.S. Dollars 0.0111
British Pound 0.6089 to U.S. Dollars 1.6423
Canadian Dollar 1.0811 to U.S. Dollars 0.9250
Swiss Franc 1.0256 to U.S. Dollars 0.9750

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $2.87, EOD $77.00 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.08, EOD $2.00 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.03, EOD $5.03 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) shed $0.07, EOD $1.96 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $6.70, EOD $1,040.40 ($US per Troy ounce)
Silver (December 09) shed $0.40, EOD $16.26 ($US per Troy ounce)
Platinum (January 09) shed $11.90, EOD $1,326.30 ($US per Troy ounce)
Copper (December 09) shed $0.07, EOD $2.96 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.50, EOD $56.70
Pork Bellies (February 10) shed $1.50, EOD $89.30
Live Cattle (December 09) shed $0.60, EOD $85.68
Feeder Cattle (November 09) gain $0.05, EOD $95.08

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $13.50, EOD $366.00
Soybeans (November 09) shed $10.50, EOD $974.50

BOND MARKET:
2 year EOD 100 6/32, change 5/32, Yield 0.90, Yield change -0.07
5 year EOD 100 8/32, change 18/32, Yield 2.32, Yield change -0.12
10 year EOD 101 28/32, change 27/32, Yield 3.39, Yield change -0.10
30 year EOD 104 16/32, change 1 25/32, Yield 4.23, change -0.10

Access upcoming scheduled economic data anytime by viewing the Economic Calendar 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[GDP [Post #29035]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=29035#post29035 Thu, 29 Oct 2009 20:37:21 GMT Daily Market Commentary for October 29, 2009 GDP Commerce Department reported Thursday that GDP rose at an annual rate of 3.5 percent in the... Daily Market Commentary for October 29, 2009

GDP

Commerce Department reported Thursday that GDP rose at an annual rate of 3.5 percent in the third quarter, this was the first time in over a year that it grew, the last time was in 2008's second quarter. (Read more at Millennium-Traders.Com)

Economic data released today:

GDP [Gross Domestic Product] Price Index:
U.S. GDP rose 3.5% rate in 3Q compared to consensus of an increase by 3.2%; Real Final Sales rose 2.5% in 3Q; CE Price Index rose 2.8% rate in 3Q; Core PCE Price Index rose 1.4% rate in 3Q; Domestic Purchases Price Index rose 1.6% rate in 3Q; Chain-Weighted Price Index rose 0.8% rate in 3Q.

Initial Jobless Claims:
U.S. Jobless Claims in week of October 24 fell 1K to 530K compared to survey of a decrease by 6K; U.S. Continuing Claims for week of October 17 fell 148K to 5,797,000; U.S. Jobless Claims Unrevised for week of October 17 at 531K.

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 193.39 points, EOD 9,956.08
NYSE (New York Stock Exchange) triple digit gain 189.62, EOD 6,955.31
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 39.02 points, EOD 2,098.63
S&P 500 (SPX) gain 23.42 points, EOD 1,066.05
BEL 20 (BEL20) gain 68.49 points, EOD 2,440.45
CAC 40 (CAC40) gain 50.24 points, EOD 3,714.02
FTSE100 (UKX100) gain 57.3 points, EOD 5,137.72
NIKKEI 225 (NIK/O) shed 183.95, EOD 9,891.10

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,512 declined stock prices 823, unchanged stock prices 105, stock prices hitting new highs 19 and stock prices hitting new lows 39. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: LNC gain 3.02, HOD 25.88, LOD 23.65, EOD 25.27; FLS gain 3.62, HOD 103.63, LOD 94.12, EOD 103.05; CME gain 5.75, HOD 315.88, LOD 292.96, EOD 313.77; AVB gain 0.40, HOD 71.23, LOD 66.90, EOD 70.18; FAS gain 7.87, HOD 77.48, LOD 71.59, EOD 77.35; EDC gain 16.12, HOD 137.57, LOD 126.77, EOD 136.14; CBG shed 0.16, HOD 11.49, LOD 10.73, EOD 11.30; MWW shed 0.60, HOD 16.59, LOD 14.82, EOD 15.89; AEM shed 4.44, HOD 58.77, LOD 56.01, EOD 57.18; POT gain 2.88, HOD 97.69, LOD 95.00, EOD 96.82; ESI shed 0.66, HOD 95.43, LOD 90.20, EOD 92.46; CRR gain 9.83, HOD 62.19, LOD 54.99, EOD 60.89.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,928, declined stock prices 2,328, unchanged stock prices 91, stock prices hitting new highs 17 and stock prices hitting new lows 48. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AAPL gain 3.95, HOD 196.81, LOD 192.14, EOD 196.35; FSLR shed 25.11, HOD 129.23, LOD 122.75, EOD 126.47; AMZN gain 0.93, HOD 124.30, LOD 120.12, EOD 122.57; BIDU shed 3.43, HOD 400.88, LOD 389.11, EOD 393.40; WYNN gain 2.42, HOD 57.19, LOD 54.52, EOD 56.29; IDCC gain 1.94, HOD 20.83, LOD 19.40, EOD 20.51; SYMC gain 2.01, HOD 17.83, LOD 16.92, EOD 17.74; ITRI gain 4.18, HOD 62.02, LOD 57.20, EOD 61.79; TSPT shed 5.57, HOD 6.62, LOD 5.51, EOD 5.90; CERN gain 1.13, HOD 82.40, LOD 75.75, EOD 77.99.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 340, declined stock prices 183, unchanged stock prices 38, stock prices hitting new highs 6 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1059.50; Change 21.00
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,706.25; Change 26.25
E-mini DOW $5 (YM) Dec 09: EOD 9,886; Change 175
E-mini S&P MidCap 400 (MF) Dec 09: EOD 674.70; Change 11.70
Nikkei 225 (Yen) Dec 09: EOD 10,040; Change 160

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6743 U.S. Dollars 1.4830
Japanese Yen 91.4500 to U.S. Dollars 0.0109
British Pound 0.6050 to U.S. Dollars 1.6529
Canadian Dollar 1.0665 to U.S. Dollars 0.9376
Swiss Franc 1.0188 to U.S. Dollars 0.9815

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $2.41, EOD $79.87 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.06, EOD $2.08 a gallon ($US per gallon)
Natural Gas (December 09) no change, EOD $5.06 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) gain $0.03, EOD $2.02 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $16.60, EOD $1,047.10 ($US per Troy ounce)
Silver (December 09) gain $0.42, EOD $16.66 ($US per Troy ounce)
Platinum (January 09) gain $31.30, EOD $1,338.20 ($US per Troy ounce)
Copper (December 09) gain $0.10, EOD $3.03 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.25, EOD $57.20
Pork Bellies (February 10) gain $1.80, EOD $90.80
Live Cattle (December 09) shed $0.65, EOD $86.28
Feeder Cattle (November 09) shed $0.90, EOD $95.03

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $10.50, EOD $379.75
Soybeans (November 09) gain $16.50, EOD $987.00

BOND MARKET:
2 year EOD 100 1/32, change -2/32, Yield 0.97, Yield change 0.04
5 year EOD 99 22/32, change -8/32, Yield 2.43, Yield change 0.10
10 year EOD 101 3/32, change -20/32, Yield 3.48, Yield change 0.07
30 year EOD 102 25/32, change -1 6/32, Yield 4.33, change 0.07

Access upcoming scheduled economic data anytime by viewing the Economic Calendar 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[GAGI and IGSM [Post #28961]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28961#post28961 Thu, 29 Oct 2009 07:12:38 GMT GAGI up 750+% and IGSM up 86+% both on big volume... and both featured on featured on :: MAKE A LICK :: (http://www.makealick.com) later, Norm GAGI up 750+% and IGSM up 86+% both on big volume... and both featured on featured on :: MAKE A LICK ::

later, Norm ]]> Market News makealick <![CDATA[BoE ‘to raise QE spend by £25bn in Nov’ [Post #28954]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28954#post28954 Thu, 29 Oct 2009 02:25:55 GMT The Bank of England’s Monetary Policy Committee will likely raise its quantitative easing programme next week as part of its battle to revive an... The Bank of England’s Monetary Policy Committee will likely raise its quantitative easing programme next week as part of its battle to revive an economy still mired in recession, a Reuters poll showed yesterday.
Median forecasts from the poll of over 60 analysts, taken October 26-28, found roughly two-thirds saying the MPC would announce an increase to its QE spending at the end of its meeting next Thursday, likely by £25bn.
The last Reuters poll predicted they would stop at £175bn.
Preliminary data released last week showed the British economy shrank by 0.4% in the third quarter, shocking markets that had expected a modest return to growth and marking the country’s longest recession on record.
But not all the economic data have been gloomy.
British retail sales grew at their fastest pace in almost two years during October, according to business group the CBI. And activity in the dominant services sector climbed to a two-year high in September, leading some economists to believe the GDP weakness is overblown.
“We wouldn’t be surprised to see this third quarter GDP number revised up a bit,” said Melanie Baker at Morgan Stanley.
“We therefore stick to our central forecast of no QE extension at the November meeting, but we continue to think that communication around this decision will be very careful, leaving the door open for resuming QE if they feel that is necessary”. ]]> Market News forexnews84 <![CDATA[Norwegian Krone Down Despite Central Bank Optimism [Post #28953]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28953#post28953 Thu, 29 Oct 2009 02:23:44 GMT The Norwegian krone lost versus currencies like the dollar and the yen, as traders become more risk averse as a negative home sales report was... The Norwegian krone lost versus currencies like the dollar and the yen, as traders become more risk averse as a negative home sales report was published in the United States, affecting commodities rates and consequently the krone.

The Norwegian central bank raised its main deposit rank by 25 points to 1.5 percent and affirmed that the country will grow more than previously expected, but such events were unable to stop the krone to fall, as the crude oil, one of the main exports from the Nordic country, declined today as risk aversion emerged.

USD/NOK traded at 5.7455 as of 20:24 GMT from an opening rate of 5.6556 this Wednesday.

If you want to comment on the Norwegian krone’s recent action or have any questions regarding this currency, please, feel free to reply below. ]]> Market News forexnews84 <![CDATA[Dollar May Extend Gain Beyond $1.47 on Reduced Risk Demand [Post #28951]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28951#post28951 Thu, 29 Oct 2009 02:21:16 GMT The dollar and yen may extend gains against most of their major counterparts on speculation an unexpected decrease in U.S. new-home sales in... The dollar and yen may extend gains against most of their major counterparts on speculation an unexpected decrease in U.S. new-home sales in September damped demand for higher-yielding assets.

The greenback strengthened yesterday beyond $1.47 per euro for the first time since Oct. 12 on evidence America’s housing recovery may lose momentum after a government tax credit expires. Norway’s krone and the Canadian dollar fell as crude oil dropped more than $2 a barrel.

“We’re clearly not as bullish about the world,” said Richard Franulovich, a senior currency strategist at Westpac Banking Corp. in New York. “From a flow perspective, if risk aversion starts rippling through, the dollar’s going to be an even bigger beneficiary now than it was last year because there’s a lot more borrowing in dollars.”

The yen traded at 133.77 against the euro at 6:14 a.m. in Tokyo, after appreciating yesterday as much as 2 percent to 133.27, the biggest intraday gain since July 10. The dollar was at $1.4709 per euro after reaching $1.4691, the strongest level since Oct. 12. The yen fetched 90.67 per dollar, after advancing 1.2 percent.

Japan’s currency climbed 3.3 percent to 51.12 versus the Brazilian real and the dollar gained 2.3 percent to 7.85 South African rand on speculation investors will reduce carry trades, in which they borrow in the currency of a nation with low interest rates to purchase assets in another country where returns are higher.

Target lending rates of 0.1 percent in Japan and as low as zero in the U.S. make the yen and dollar favored targets for investors seeking to fund carry trades.

‘Signs of Strain’

“We continue to target the dollar at $1.45 per euro in one month as risk sentiment is clearly showing signs of strain,” Singapore-based Gareth Berry, a currency analyst at UBS AG, wrote in a research note yesterday.

The U.S. currency dropped 0.5 percent versus the euro in October in its fourth monthly decline, the longest losing streak since 2004. The yen fell 2.1 percent against the euro this month and 1.5 percent versus the dollar.

The dollar is an “over-owned” currency and likely to fall to an all-time low against major counterparts, Pacific Investment Management Co.’s Bill Gross told CNBC yesterday.

“The Chinese, the Asians, have owned too many dollars for too long,” said Gross, a founder and co-chief investment officer of the world’s biggest manager of bond funds. “The dollar becomes more and more owned and less and less desirable, so ultimately the direction is down. I don’t sense stability in the dollar.”

Dollar Index

The Dollar Index, which the ICE uses to track the greenback against currencies including the euro, yen and pound, gained for a fifth day yesterday in the longest stretch of advances since July, increasing 0.4 percent to 76.416.

The gauge may extend its gain after rising yesterday above the trend line that tracks its seven-month decline since March 4, when it reached a three-year high of 89.624.

“Generalized dollar strength is expected in the short term,” Citigroup Inc. technical analysts Tom Fitzpatrick in New York and Shyam Devani in London wrote in a research note yesterday. The index may reach the 55-day moving average of 77, according to the analysts.

Implied volatility on major currencies climbed for a second day, rising to 13.1 percent, from 12.9 on Oct. 27, according to data compiled by JPMorgan Chase & Co., indicating traders predict wider price swings in coming months. Volatility tends to pick up in a period of economic uncertainty.

U.S. Stocks

The Standard & Poor’s 500 Index dropped 2 percent yesterday on concern a rally in equities this year outpaced the prospects for economic growth.

New-home sales unexpectedly fell last month to an annual rate of 402,000, from a revised 417,000 pace in August, the Commerce Department reported yesterday. The median forecast of 75 economists in a Bloomberg survey was for an increase to 440,000 from a previously reported 429,000. The $8,000 first- time homebuyer tax credit expires at the end of November, raising concern the market will retrench.

Goldman Sachs Group Inc. cut its forecast for third- quarter U.S. economic growth to 2.7 percent from 3 percent. The median forecast in a Bloomberg survey of 79 economists was for growth of 3.2 percent following four straight quarters of contraction. The Commerce Department’s report on gross domestic report is due at 8:30 a.m. in Washington.

The krone declined 1.5 percent to 5.7360 yesterday versus the dollar as crude oil dropped to $77.20 a barrel. The Canadian dollar depreciated 1.4 percent to C$1.0795 per U.S. dollar. It touched C$1.0805, the weakest level since Oct. 5.Oil is the largest export of Norway and Canada.

Norway’s currency briefly pared its loss as Oslo-based Norges Bank raised its record-low overnight deposit rate by a quarter-percentage point to 1.5 percent. ]]> Market News forexnews84 <![CDATA[Gold, other metals falter as dollar strengthens [Post #28950]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28950#post28950 Thu, 29 Oct 2009 02:19:22 GMT Gold and other metals extended recent losses Wednesday as the dollar rose for the fifth straight day. Gold for December delivery lost $4.90 to... Gold and other metals extended recent losses Wednesday as the dollar rose for the fifth straight day.

Gold for December delivery lost $4.90 to $1,030.50 an ounce on the New York Mercantile Exchange - its lowest close in nearly a month. Gold prices have fallen about $30 over the past week as the dollar puts in its longest winning streak since early July.

The ICE Futures US dollar index, a widely used measure of the dollar's value against other currencies, gained 0.4 percent in afternoon trading.

A stronger dollar often drives selloffs in commodities as they become more expensive for buyers outside the U.S.

Commodities have rallied this year on the back of a weaker dollar, as record-low interest rates and an improving outlook on the economy drives investors to park their cash in riskier assets.

Many analysts believe the dollar will continue to weaken over the long term, so long as interest rates remain low. But in the near term, the dollar may show more strength, meaning commodities prices could have further to fall.

"I think the rally in the dollar could have some room to run, albeit temporarily," said Matt Zeman, head trader at LaSalle Futures in Chicago. "So long as the dollar stays strong we're going to see weakness across the board."

Among other metals, December silver tumbled 30 cents to $16.24 an ounce, while October platinum dropped $15.30 to $1,297.40 an ounce. Palladium fell 4 percent.

December copper futures fell 6.85 cents to $2.9305 a pound.

Elsewhere on the Nymex, energy prices fell sharply after the Energy Department said gasoline supplies rose by nearly 2 million barrels last week. Many energy analysts had expected supplies to fall for a third week in a row.

Gasoline for November delivery dropped 8.41 cents, or 4.1 percent, to $1.9864 a gallon.

Light, sweet crude for December delivery fell $2.09, or more than 2 percent, to settle at $77.46 a barrel, and heating oil fell 5.82 cents to settle at $1.9969 a gallon.

On the Chicago Board of Trade, December wheat futures gave up 8.5 cents to $4.9475 a bushel, while corn for December delivery slipped 1.75 cents to $3.69 a bushel.

January soybeans shed 6 cents to $9.705 a bushel.

Other soft commodities, including cocoa, sugar and cotton, also fell. ]]> Market News forexnews84 <![CDATA[Economists expect Bank of England to pump another £25bn into the economy [Post #28949]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28949#post28949 Thu, 29 Oct 2009 02:08:33 GMT The Bank of England’s Monetary Policy Committee (MPC) is likely to vote to pump at least an additional £25 billion into the economy, economists said... The Bank of England’s Monetary Policy Committee (MPC) is likely to vote to pump at least an additional £25 billion into the economy, economists said yesterday.

A poll of 62 City economists showed that two thirds expect the MPC to vote to extend the £175 billion scheme of quantitative easing (QE) at its rate meeting next week. However, analysts were split over whether the limit would be raised by £25 billion or £50 billion, with £25 billion winning by only one vote.

Earlier in the month, most economists thought that the MPC would leave the quantitative easing limit unchanged, but figures last week showed that the economy shrank for the sixth consecutive quarter between July and September, leaving the country mired in the longest recession on record. Economists had expected the figures to confirm that the recession had ended.

Richard McGuire, senior fixedincome strategist at RBC Capital Markets, who has forecast a £25 billion increase, said: “The Bank has been at pains to communicate the fact that doing too much QE is the lesser of the two evils, compared with doing too little. With the Bank having displayed an unexpected appetite for unconventional policy action in August, we would judge the risk to our view being toward more rather than less QE.”

The Bank will have to seek permission from Alistair Darling, the Chancellor, to make any further increases to quantitative easing, as the Treasury has authorised only £175 billion in asset purchases so far.

The frailty of the British economy was underlined further yesterday when Norway became the first European country to increase interest rates since the financial crisis took hold more than a year ago. Norges Bank, the Norwegian central bank, increased the deposit rate by a quarter-point to 1.5 per cent, as economists had forecast, and hinted that another rate rise could be on the cards.

The Norwegian economy, which suffered a mild recession in comparison with other countries, is starting to recover, helped by its offshore gas and oil interests. Analysts said that the Bank had raised rates after a rise in inflation that was sharper than forecast, coupled with a low unemployment rate.

Svein Gjedrem, governor of Norges Bank, said: “The world economy is in a deep slump, but there are signs of new growth. The Norwegian economy has got moving again faster than anticipated.”

Norway’s mainland GDP, excluding shipping and oil activity, fell by only 2.3 per cent from peak to trough of recession, well below the 5.1 per cent fall in eurozone and the near-6 per cent drop in Britain.

Ben May, European economist at Capital Economics, said: “It is unlikely that other central banks either in Scandinavia or other parts of Europe will follow suit and hike rates any time soon.” ]]> Market News forexnews84 <![CDATA[Eurozone lending contracts for the first time: ECB [Post #28948]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28948#post28948 Thu, 29 Oct 2009 02:02:44 GMT Eurozone bank lending to the private sector shrank in September for the first time on record, the European Central Bank said on Tuesday, a stark... Eurozone bank lending to the private sector shrank in September for the first time on record, the European Central Bank said on Tuesday, a stark warning that any recovery is fraught with uncertainty.

Lending contracted by 0.3 percent, an ECB spokesman said, after growing by 0.1 percent in August.

It was the first time the figure was negative since the ECB's records began in January 1992.

"There are still few signs that the ECBs unlimited provision of liquidity to banks is prompting any pick up in eurozone broad money and lending," Capital Economics economist Ben May commented.

Growth in lending has slowed since December 2007, and initially was the result of weaker demand as the economy cooled off and went into recession.

But with the 16-nation eurozone's economy set to expand again sometime in the second half of this year, economists warn a credit squeeze could come from the supply side as banks tighten conditions for granting loans.

The ECB is to release its quarterly survey of bank lending on Wednesday and "the credit cycle remains the biggest question mark on the timing and the extent of the recovery," UniCredit economists Loredana Federico and Davide Stroppa wrote.

Growth of the ECB's wider M3 money supply indicator, which measures cash, deposits and various other financial items, fell meanwhile to 1.8 percent in September from a revised 2.6 percent in August, the ECB spokesman said, also a record low.

Lending and money supply data illustrate consumer demand and overall activity in an economy.

Falling figures point to lower demand, which normally means inflation will ease and allow the ECB to cut interest rates. However, the rates are already at a record low of 1.00 percent and are not expected to be cut further.

In the meantime, recent data has shown that business activity in the 16-nation eurozone picked up in October at its fastest rate since December 2007, though a sustained rebound could also be curbed by rising unemployment.

May noted that there was "little sign that conditions in the banking sector are becoming more normal, suggesting that it remains too early for the ECB to think about removing its generous liquidity provisions, let alone raising interest rates."

The ECB has provided unlimited amounts of cash to commercial banks in a bid to spur activity in interbank markets and increase lending to the broader economy.

But the banks have held on to much of the money because they are wary of borrowers' business prospects and because they need to bolster their own weakened balance sheets.

"While stresses in the financial markets may be easing, banks remain reluctant to lend to the wider economy," May said.

The UniCredit economists did see some encouraging signs in the ECB data, especially in the household sector where growth in lending for home purchases appeared poised for a pick-up.

Commerzbank economist Michael Schubert, however, noted that even if a recovery did begin in the second half of this year, "a turning point in (overall) loan growth may not be reached before early 2010." ]]> Market News forexnews84 <![CDATA[GMAC [Post #28936]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28936#post28936 Wed, 28 Oct 2009 20:40:07 GMT Daily Market Commentary for October 28, 2009 GMAC GMAC Financial Services announced to the Treasury Department that they are in need of more... Daily Market Commentary for October 28, 2009

GMAC

GMAC Financial Services announced to the Treasury Department that they are in need of more government funding, a spokesman from the Treasury Department confirmed the negotiations. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Market Index fell 12.3% at 562.3; compared to last week 641; U.S. MBA Purchase Index fell 5.2% at 254.9; compared to last week 268.8.

Durable Goods Orders:
September Durable Goods Orders, Excluding-Transportation, rose 0.9%; U.S. September Durable Goods Orders rose 1.0%; compared to consensus of an increase by 1.5%; September Durable Goods Orders, Excluding-Defense, rose 0.5%; August Durable Goods Orders Unrevised at -2.6%.

New Home Sales:
U.S. September New Home Sales fell 3.6% to 402K; compared to consensus of 440K; U.S. August New Home Sales Revised to 417K from 429K.

Crude Oil Inventories as released by DOE [Department of Energy]:
U.S. Crude Oil Stockpiles +0.778 Million Barrels at 339.85 Million Barrels; U.S. Crude Oil Stockpiles +0.778 Million Barrels in week; was seen increasing by 1.7 Million Barrels; U.S. Gasoline Stockpiles +1.619 Million Barrels at 208.564 Million Barrels; U.S. Gasoline Stockpiles +1.619 Million Barrels in week; was seen decreasing by 1.1 Million Barrels; U.S. Distillate Stockpiles -2.134 Million Barrels at 167.754 Million Barrels; U.S. Distillate Stockpiles -2.134 Million Barrels in week; was seen decreasing by 0.7 Million Barrels; U.S. Refineries Ran at 81.8% versus 81.1% week ago; U.S. Refineries Ran at 81.8% capacity; was seen at 81.20%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 105.88 points, EOD 9,866.30
NYSE (New York Stock Exchange) shed 166.35, EOD 6,765.69
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 54.98 points, EOD 2,061.11
S&P 500 (SPX) shed 20.57 points, EOD 1,042.84
BEL 20 (BEL20) shed 71.08 points, EOD 2,371.96
CAC 40 (CAC40) shed 80.17 points, EOD 3,663.78
FTSE100 (UKX100) shed 120.55 points, EOD 5,080.42
NIKKEI 225 (NIK/O) shed 137.41, EOD 10,075.05

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 350 declined stock prices 2,801, unchanged stock prices 43, stock prices hitting new highs 28 and stock prices hitting new lows 20. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: V gain 2.74, HOD 78.02, LOD 74.76, EOD 76.64; HRS gain 3.72, HOD 43.00, LOD 40.40, EOD 41.66; FAS shed 6.82, HOD 76.25, LOD 69.07, EOD 69.48; RTP shed 11.90, HOD 181.86, LOD 173.70, EOD 174.30; BLK shed 0.28, HOD 227.76, LOD 220.00, EOD 221.62; CME shed 8.48, HOD 319.00, LOD 307.38, EOD 308.02; FSP shed 0.47, HOD 11.67, LOD 11.00, EOD 11.00; VSI no change 0.00, HOD 20.29, LOD 17.95, EOD 17.95; AIG gain 1.32, HOD 36.68, LOD 33.13, EOD 35.33; WHR shed 3.06, HOD 75.10, LOD 71.29, EOD 71.74; SPW shed 6.88, HOD 58.48, LOD 53.08, EOD 53.82.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 429, declined stock prices 2,328, unchanged stock prices 91, stock prices hitting new highs 17 and stock prices hitting new lows 48. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: ILMN shed 8.29, HOD 35.44, LOD 33.24, EOD 33.37; APOL shed 12.91, HOD 64.95, LOD 58.84, EOD 60.06; PSYS shed 5.47, HOD 20.25, LOD 17.63, EOD 18.67; BIDU gain 13.17, HOD 399.37, LOD 383.36, EOD 396.83; PNRA gain 3.64, HOD 61.00, LOD 58.30, EOD 58.74; AMZN shed 0.43, HOD 125.12, LOD 120.76, EOD 121.64; ISRG shed 10.49, HOD 258.00, LOD 247.10, EOD 247.51; AAPL shed 4.97, HOD 198.02, LOD 191.10, EOD 192.40; FSLR gain 1.36, HOD 154.37, LOD 148.80, EOD 151.58.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 114, declined stock prices 422, unchanged stock prices 25, stock prices hitting new highs 10 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1040.00; Change -20.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,680.25; Change -39.50
E-mini DOW $5 (YM) Dec 09: EOD 9,719; Change -116
E-mini S&P MidCap 400 (MF) Dec 09: EOD 662.20; Change -22.16
Nikkei 225 (Yen) Dec 09: EOD 9,895; Change -255

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6795 U.S. Dollars 1.4716
Japanese Yen 90.7800 to U.S. Dollars 0.0110
British Pound 0.6105 to U.S. Dollars 1.6379
Canadian Dollar 1.0784 to U.S. Dollars 0.9273
Swiss Franc 1.0263 to U.S. Dollars 0.9744

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $2.09, EOD $77.46 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.06, EOD $2.02 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.09, EOD $5.19 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) shed $0.08, EOD $1.99 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $4.90, EOD $1,030.50 ($US per Troy ounce)
Silver (December 09) shed $0.30, EOD $16.24 ($US per Troy ounce)
Platinum (January 09) shed $12.10, EOD $1,306.90 ($US per Troy ounce)
Copper (December 09) shed $0.07, EOD $2.93 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.53, EOD $55.95
Pork Bellies (February 10) shed $1.25, EOD $89.00
Live Cattle (December 09) shed $0.18, EOD $86.93
Feeder Cattle (November 09) shed $0.50, EOD $95.85

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $1.75, EOD $369.00
Soybeans (November 09) shed $6.00, EOD $970.50

BOND MARKET:
2 year EOD 100 3/32, change -1/32, Yield 0.94, Yield change 0.02
5 year EOD 100 4/32, change 4/32, Yield 2.33, Yield change -0.04
10 year EOD 101 20/32, change 6/32, Yield 3.40, Yield change -0.04
30 year EOD 104, change 10/32, Yield 4.25, change -0.02

Access upcoming scheduled economic data anytime by viewing the Economic Calendar 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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[It beats the h... outta me [Post #28934]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28934#post28934 Wed, 28 Oct 2009 19:52:55 GMT :confused:How can a stock move 20 to 30% on no news??? :confused:How can a stock move 20 to 30% on no news??? ]]> Market News oceanpearl5 <![CDATA[Oil prices up but gold is down [Post #28893]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28893#post28893 Wed, 28 Oct 2009 02:04:22 GMT Oil prices rose as investors shrugged off weaker US economic data ahead of economic growth data later in the week. US consumer confidence fell... Oil prices rose as investors shrugged off weaker US economic data ahead of economic growth data later in the week.

US consumer confidence fell sharply in October amid growing worries about rising unemployment, the Conference Board reported on Tuesday.

However, the oil market took the news in its stride, ahead of US energy inventories data due on Wednesday and economic growth data due on Thursday.

New York's main contract, light sweet crude for delivery in December, added 87 cents to $US79.55 a barrel.

COMEX

Gold contracts for December delivery fell $US7.40 to settle at $US1,035.40 an ounce on the New York Mercantile Exchange.

December silver lost 55.5 cents to $US16.54 an ounce.

December copper futures fell 1.2 cents to $US2.999 a pound ]]> Market News forexnews84 <![CDATA[Pound Extend Gains on Retail Sales [Post #28892]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28892#post28892 Wed, 28 Oct 2009 02:03:36 GMT Speculations that retail sales would post another month of gains were confirmed providing support for the pound to regain terrain versus the euro and... Speculations that retail sales would post another month of gains were confirmed providing support for the pound to regain terrain versus the euro and several other currencies, changing the negative outlook for the British currency to a better trajectory.

The pound gained versus most of 16 traded currencies as retail sales in the U.K. touched the highest level in 2 years in October, bringing confidence back towards pound-priced assets, after rather turbulent weeks that shunned away investors from the British currency in foreign-exchange markets.

EUR/GBP traded at 0.9039 as of 21:36 GMT from a previous rate of 0.9118 in the intraday. ]]> Market News forexnews84 <![CDATA[Oil rises near $80 on economic recovery signs [Post #28891]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28891#post28891 Wed, 28 Oct 2009 02:02:12 GMT Oil rose toward $80 a barrel on Tuesday, following U.S. equities higher on optimism the economy is recovering. Oil prices rose after three days of... Oil rose toward $80 a barrel on Tuesday, following U.S. equities higher on optimism the economy is recovering.

Oil prices rose after three days of declines as investors were encouraged by strong corporate earnings that boosted equities prices, and on expectations of further drawdowns in U.S. fuel inventories.

"Oil is up as the stock market moves higher and people also expect inventory data to show more big drops in product stocks," said Phil Flynn, analyst at PFGBest Research in Chicago.

U.S. crude for December delivery rose 50 cents to $79.18 a barrel by 12:32 p.m. EDT (1632 GMT), after falling earlier in the day.

London Brent crude was up 34 cents at $77.60.

Oil prices have been taking cues from U.S. stock markets as investors gauge a recovery in the U.S. economy by the strength of third-quarter corporate earnings.

The Dow Jones industrial average and S&P 500 stock index both rose, led by oil companies, after BP Plc reported better-than-expected quarterly results.

Data showed U.S. house prices rose for a fourth straight month.

A Federal Reserve official said the United States, the largest world oil consumer, has begun to recover from economic crisis.

Much of the United States is in the "early stages" of a recovery, Boston Fed President Eric Rosengren said Tuesday.

A stronger economy may lift fuel demand at a time when refiners have been operating at lower than normal rates. U.S. fuel stocks likely fell further last week, according to the average forecast of eight analysts polled by Reuters ahead of the government's weekly inventory report Wednesday.

Distillates, including diesel and heating oil, probably fell 900,000 last week amid colder-than-normal temperatures, according to the average forecast. Gasoline stocks probably fell by 300,000 barrels, adding to sharp drawdowns in recent weeks. Crude stocks probably rose 1.4 million barrels, according to the average Reuters poll estimate.

Ahead of that report, the American Petroleum Institute will release its weekly inventory data later Tuesday.

Oil rose on Tuesday in spite of a strengthening U.S. dollar, which gained more than 0.2 percent against a basket of other currencies, rising from near a 14-month low.

Crude and the dollar have recently been moving in an inverse price relation. When the dollar strengthens, crude becomes more expensive for holders of other currencies.

The dollar, often considered a "safe-haven" investment, rose in reaction to flagging U.S. consumer confidence, which fell to lower-than-expected levels in October of 47.7, from a revised 53.4 in September. The number was the weakest since July.

U.S. gross domestic product (GDP) data is due to be released Thursday. Analysts expect data to show that the U.S. economy grew 3.3 percent in the third quarter. ]]> Market News forexnews84 <![CDATA[Oil prices rise ahead of US inventory data [Post #28890]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28890#post28890 Wed, 28 Oct 2009 01:58:57 GMT Oil prices rose Tuesday ahead of inventory data that is expected to reflect higher gasoline demand in the United States, the world's biggest energy user.

New York's main contract, light sweet crude for delivery in December, added 87 cents to close at 79.55 dollars, below the sensitive 80-dollar level after touching 82 dollars last week.

London's Brent North Sea crude for December rose 66 cents to settle at 77.92 dollars.

The market rose ahead of US government inventory data to be released Wednesday that most analysts say could show up to a 1.8 million barrel rise in crude oil stocks and a drawdown of up to 1.2 million barrels of gasoline and 1.1 million barrels in distillate supplies.

Investors were also cautious ahead of Thursday's official gross domestic product figure for the US economy.

Most analysts say GDP will see a 3.2 percent expansion, the first growth rate for the world's largest economy after a year of contractions.

Ellis Eckland, an independent analyst, said energy demand in the United States "is recovering" and "that's very supportive for the near-term market."

"If stockpile reports are close to expectations, the market should hold support near 78.00 dollars," said Mike Fitzpatrick of MF Global.

"A break there will target the 68.00-72.00 dollars support zone that prevailed from late July through early October," he said.

Fitzpatrick warned that if the US third-quarter growth figure staged "a surprise like the UK experienced last week, selling could be pronounced."

Britain's official data last Friday confounded expectations for a return to growth in the third quarter.

British GDP unexpectedly slumped 0.4 percent between July and September. Economists had widely expected Britain to exit recession in the third quarter with a return to growth of 0.2 percent after five quarters of contractions.

The oil market Tuesday also shrugged off private data showing US consumer confidence falling sharply in October amid growing worries about rising unemployment.

The Conference Board reported Tuesday its consumer confidence index declined for the second consecutive month, dropping in October to 47.7 from 53.4 in September. The index drop was much steeper than the 53.5 level expected by most analysts.

New York crude had shed 1.82 dollars and London Brent 1.66 dollars on Monday as the dollar rose and on expectations of easing violence in Nigeria, whose crude production has been ravaged by militant attacks.

The dollar hit a five-week high against the yen on Tuesday amid mounting speculation that the US Federal Reserve may signal a clearer timeframe for lifting its rock-bottom interest rates.

Elsewhere, Kuwait's Oil Minister Sheikh Ahmad Abdullah al-Sabah said Tuesday that OPEC may have to call a special meeting if prices continue to rise. ]]> Market News forexnews84 <![CDATA[Oil rebounds on hopes of economic recovery [Post #28889]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28889#post28889 Wed, 28 Oct 2009 01:57:27 GMT Crude prices rebounded on Tuesday as investors weighed U.S. economic recovery hopes against the rising dollar and disappointing consumer confidence... Crude prices rebounded on Tuesday as investors weighed U.S. economic recovery hopes against the rising dollar and disappointing consumer confidence data.

Light, sweet crude for December delivery gained 87 cents to settle at 79.55 U.S. dollars a barrel on the New York Mercantile Exchange.

Oil hold firm mainly on hopes that the upcoming GDP (Gross Domestic Product) data, due to released on Thursday, would show a rebound in the U.S. economy. According to analysts' estimates, the U.S. economy is going to expand by 3.3 percent in the third quarter.

However, oil's advance was capped by the fact that the dollar rose for the third day against most of its counterparts, reducing hedge appeal of commodities.

Meanwhile, U.S. consumer confidence fell sharply in October amid growing worries about rising unemployment, which also limited the rising momentum of oil prices.

In London, Brent Crude for December delivery rose 66 cents to settle at 77.92 dollars a barrel on the ICE Futures exchange. ]]> Market News forexnews84 <![CDATA[Gold falls on worries over metal demand [Post #28888]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28888#post28888 Wed, 28 Oct 2009 01:56:28 GMT Gold fell for a fourth straight session, the longest slide since August, amid concern that the dollar will extend a rally, curbing demand for the... Gold fell for a fourth straight session, the longest slide since August, amid concern that the dollar will extend a rally, curbing demand for the precious metal as an alternative asset.

The US dollar rose against a basket of six major currencies, adding to three consecutive advances since October 21, when it touched a 14-month low. Gold, which often moves inversely to the greenback, has dropped 2.7 per cent in the past four sessions.

"Gold doesn’t have that much buying interest," said Matt Zeman, a LaSalle Futures Group Inc. metals trader in Chicago. "The dollar could undergo a wicked short-covering rally, and the gold market needs to look out below."

Gold futures for December delivery fell $US7.40, or 0.7 per cent, to $US1035.40 an ounce on the Comex division of the New York Mercantile Exchange. The slump was the longest since August 10. The metal has climbed 17 per cent this year, reaching a record $US1072 on October 14.

A rise in bets on a drop in futures is a "signal that an increasing proportion of market players view the current gold price as unsustainable," Eugen Weinberg, a Commerzbank AG analyst in Frankfurt, said yesterday in a report. "Should this sentiment spread further, gold could come under considerable pressure."

Hedge funds and other large speculators trimmed their net- long position in gold futures by 2 per cent as of October 20, from a record in the previous week, and miners, producers and commercial users increased their net-short position, Commodity Futures Trading Commission data show. A net-long position benefits when prices rise, while net-shorts gain from a decline. ]]> Market News forexnews84 <![CDATA[Japan’s Retail Sales Drop 1.4%, Less Than Forecast [Post #28887]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28887#post28887 Wed, 28 Oct 2009 01:55:39 GMT Japan’s retail sales fell less than economists forecast in September, adding to signs that consumers may be becoming confident about the resilience... Japan’s retail sales fell less than economists forecast in September, adding to signs that consumers may be becoming confident about the resilience of the recovery.

Sales slid 1.4 percent from a year earlier, the Trade Ministry said today in Tokyo, the smallest drop in 10 months. The median estimate of 13 economists surveyed by Bloomberg was for a 1.6 percent decline.

Households had more time to shop this year thanks to a five-day holiday called Silver Week, which bolstered sales at clothing retailer Fast Retailing Co. The government’s 25 trillion yen ($272 billion) stimulus measures implemented to pull the nation out of its worst postwar recession have also fueled sentiment, driving household confidence to a 23-month high in September.

“Consumption-related data has improved over the past few months,” said Yoshiki Shinke, a senior economist at Dai-Ichi Life Research Institute in Tokyo. “Consumers are also more confident because they think the worst is finally over.”

The yen traded at 91.50 per dollar at 10:01 a.m. in Tokyo from 91.61 before the report was published.

Sales rose 0.9 percent on a seasonally adjusted basis last month, the third consecutive increase, today’s report showed. The median estimate of seven economists surveyed by Bloomberg was for a 0.2 percent increase.

The holiday was the result of a law created in 2000 that allows national holidays that fall on Sunday to be observed the following day. It added an extra non-working day to September compared with the previous year.

Sales Surge

Some retailers including Uniqlo, which is owned by Fast Retailing Co., reported higher sales spurred by consumers who used the break to shop. Sales surged 31.6 percent in September thanks to the holiday as well as colder weather that bolstered demand, according to the company’s Web site.

“Consumer spending is slowly recovering,” said Akiyoshi Takumori, chief economist at Sumitomo Mitsui Asset Management Co. in Tokyo.

Sales of clothing rose 1.7 percent from a year earlier, today’s report sales while auto sales advanced 4.2 percent.

While industrial production surged for a sixth month in August, those improvements have yet to generate jobs or spur wage increases. The unemployment rate probably rose to 5.6 percent in September from 5.5 percent, a report due Oct. 30 is expected to show, according to the median forecast of 29 economists surveyed by Bloomberg.

Businesses are slashing prices to reach consumers who are cutting back.

Don Quijote Co., a discount store operator, started selling jeans for as little as 690 yen ($7.50) this month. That followed the 850 yen jeans offered by Seiyu Ltd., a supermarket operator owned by U.S.-based Wal-Mart Stores Inc.

Despite signs of weak consumption, Sumitomo’s Takumori says people haven’t stopped making purchases altogether.

Don Quijote’s jeans sold out in most of its stores within the first three days, according to company spokesperson Aya Suzuki.

Today’s retail report mostly captures activity at department stores, supermarkets and convenience stores. ]]> Market News forexnews84 <![CDATA[First Time Home Buyer Tax Credit [Post #28876]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28876#post28876 Tue, 27 Oct 2009 20:32:58 GMT Daily Market Commentary for October 27, 2009 First Time Home Buyer Tax Credit As the extension of the first time home buyer tax credit is up... Daily Market Commentary for October 27, 2009

First Time Home Buyer Tax Credit

As the extension of the first time home buyer tax credit is up for debate in congress due to over $600 million in fraudulent claims, the IRS is also starting an investigation for over 100,000 additional cases that could also be fraudulent. (Read more at Millennium-Traders.Com)

Economic data released today:

S&P/CS Home Price Indices Composite:
S&P Case-Shiller August 10-City Home Price Index fell 10.6% year over year; S&P Case-Shiller August 20-City Home Price Index fell11.3% year over year; S&P Case-Shiller August 10-City Home Price Index rose 1.3% month over month; S&P Case-Shiller August 20-City Home Price Index rose 1.2% month over month.

CB Consumer Confidence:
U.S. Conference Board October Consumer Confidence 47.7 versus September 53.4; U.S. Conference Board October Present Situation Index 20.7 versus September 23.0; U.S. Conference Board October Expectations Index 65.7 versus September 73.7.

Richmond Manufacturing Index:
Richmond Fed October Manufacturing Shipments Index 11 versus September 22; Richmond Fed October Manufacturing Index 7 versus September 14.

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 13.00 points, EOD 9,880.96
NYSE (New York Stock Exchange) shed 28.04, EOD 6,932.05
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 11.09 points, EOD 2,130.76
S&P 500 (SPX) shed 2.63 points, EOD 1,064.32
BEL 20 (BEL20) shed 50.21 points, EOD 2,443.04
CAC 40 (CAC40) shed 0.5 points, EOD 3,743.95
FTSE100 (UKX100) gain 9.23 points, EOD 5,200.97
NIKKEI 225 (NIK/O) shed 150.16, EOD 10,212.46

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,081 declined stock prices 1,993, unchanged stock prices 96, stock prices hitting new highs 64 and stock prices hitting new lows 12. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: RPT shed 5.97, HOD 193.34, LOD 185.60, EOD 186.15; LTD shed 1.58, HOD 18.54, LOD 17.55, EOD 17.91; WMS shed 4.34, HOD 45.89, LOD 42.37, EOD 43.06; FAS shed 1.53, HOD 78.85, LOD 74.88, EOD 76.30; CME shed 4.51, HOD 322.89, LOD 315.42, EOD 316.50; CRI shed 6.78, HOD 28.23, LOD 19.17, EOD 21.66; BEN shed 4.02, HOD 114.83, LOD 105.43, EOD 109.00; OMI shed 7.22, HOD 43.00, LOD 38.78, EOD 39.93; CR gain 4.10, HOD 31.08, LOD 27.58, EOD 30.58; VFC shed 5.14, HOD 75.08, LOD 72.18, EOD 73.35.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 898, declined stock prices 1,832, unchanged stock prices 114, stock prices hitting new highs 39 and stock prices hitting new lows 37. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: BIDU shed 49.31, HOD 388.20, LOD 353.03, EOD 383.66; ZRAN shed 1.27, HOD 9.26, LOD 8.50, EOD 8.90; AAPL shed 5.11, HOD 202.81, LOD 196.45, EOD 197.37; FSLR shed 4.65, HOD 156.00, LOD 148.45, EOD 150.22; SGMS shed 3.85, HOD 15.50, LOD 12.86, EOD 13.85; AMZN shed 2.57, HOD 124.26, LOD 119.42, EOD 122.07; DRWI gain 0.37, HOD 9.35, LOD 7.60, EOD 8.46; ITRI gain 1.86, HOD 61.38, LOD 58.81, EOD 59.65; WYNN shed 6.94, HOD 61.33, LOD 55.20, EOD 56.13; WINN shed 1.30, HOD 13.00, LOD 11.97, EOD 12.03; FELE shed 0.76, HOD 28.69, LOD 26.72, EOD 28.59; RCII shed 1.92, HOD 19.39, LOD 18.22, EOD 18.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 200, declined stock prices 306, unchanged stock prices 55, stock prices hitting new highs 7 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1060.75; Change -5.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,721.75; Change -26.25
E-mini DOW $5 (YM) Dec 09: EOD 9,835; Change -6
E-mini S&P MidCap 400 (MF) Dec 09: EOD 684.80; Change -9.70
Nikkei 225 (Yen) Dec 09: EOD 10,150; Change -95

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6760 U.S. Dollars 1.4792
Japanese Yen 91.8600 to U.S. Dollars 0.0109
British Pound 0.6109 to U.S. Dollars 1.6381
Canadian Dollar 1.0660 to U.S. Dollars 0.9381
Swiss Franc 1.0224 to U.S. Dollars 0.9781

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.87, EOD $79.55 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.02, EOD $2.08 a gallon ($US per gallon)
Natural Gas (December 09) gain $0.07, EOD $5.28 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) gain $0.04, EOD $2.07 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $7.40, EOD $1,035.40 ($US per Troy ounce)
Silver (December 09) shed $0.56, EOD $16.54 ($US per Troy ounce)
Platinum (January 09) shed $26.80, EOD $1,319.00 ($US per Troy ounce)
Copper (December 09) shed $0.01, EOD $3.00 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.98, EOD $55.43
Pork Bellies (February 10) gain $1.28, EOD $90.25
Live Cattle (December 09) shed $0.05, EOD $87.10
Feeder Cattle (November 09) gain $0.35, EOD $96.35

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $7.25, EOD $370.75
Soybeans (November 09) shed $12.25, EOD $976.50

BOND MARKET:
2 year EOD 100 4/32, change 6/32, Yield 0.92, Yield change -0.10
5 year EOD 100, change 19/32, Yield 2.37, Yield change -0.12
10 year EOD 101 13/32, change 28/32, Yield 3.45, Yield change -0.10
30 year EOD 103 19/32, change 1 14/32, Yield 4.28, change -0.08

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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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[Stocks look to rebound [Post #28842]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28842#post28842 Tue, 27 Oct 2009 11:47:04 GMT Stock futures point to modestly higher opening Stock futures point to modestly gains at open ahead of home price, consumer confidence reports By... Stock futures point to modestly higher opening
Stock futures point to modestly gains at open ahead of home price, consumer confidence reports

By Stephen Bernard, AP Business Writer
On 7:36 am EDT, Tuesday October 27, 2009
Buzz up! 0 Print
Companies:Visa, Inc.
NEW YORK (AP) -- Stock futures are pointing to a modestly higher opening Tuesday as investors prepare for new reports on home prices and consumer confidence.

Related Quotes
Symbol Price Change
V 72.78 0.00

{"s" : "v","k" : "c10,l10,p20,t10","o" : "","j" : ""} Stocks are trying to rebound after being pummeled for the second straight day on Monday, and for the fourth time in the last five days.

Overseas, Asia markets fell overnight following declines Monday in the U.S. In Europe, markets have steadily advanced throughout the day, which could also be bolstering U.S. futures.

Investors are awaiting reports on housing prices and consumer confidence to determine if the market has gotten ahead an economic rebound.

The Conference Board is expected to report consumer confidence rose slightly in October compared with the previous month. Economists polled by Thomson Reuters predict the confidence index will rise to 53.5, from 53.1 in September. A reading above 90 means the economy is on solid footing. Above 100 signals strong growth.

The report is due out at 10 a.m. EDT.

Consumer strength is considered vital to a recovery because consumer spending accounts for more than two-thirds of all economic activity, and the country is entering the key holiday shopping period.

A housing market recovery is also considered important to a recovery as the collapse of that market helped drive the country into recession.

The S&P/Case-Shiller Home Price Index, which measures changes in home prices in 20 of the nation's largest metropolitan markets, is expected to show house prices continued to decline in August. Economists predict prices fell 11.9 percent compared with the same month a year ago.

Traders will also get a fresh dose of earnings throughout the day, including United States Street Corp. and Visa Inc.

Ahead of the opening bell, Dow Jones industrial average futures rose 24, or 0.2 percent, to 9,865. Standard & Poor's 500 index futures rose 2.80, or 0.3 percent, to 1,069.20, while Nasdaq 100 index futures rose 2.75, or 0.2 percent, to 1,750.75.

Stocks have struggled in recent days as the dollar has been strengthening, pushing the price of commodities lower. Commodities are traded in dollars, so a stronger dollar makes it more expensive for foreign investors to buy into the market. Weakness in the commodities market has pressured energy and materials stocks.

Fears of an overheated market has also been playing into the market's recent decline. Stocks had been surging almost nonstop since March. Analysts have been saying for weeks the market was due for a pause or modest retreat. Major indexes had hit their yearly highs last week.

The Dow fell 104 points, or 1.1 percent, on Monday. It was the second straight triple-digit loss for the Dow. That hadn't happened since the middle of June.

The S&P declined 1.2 percent, and is down 2.8 percent since it peaked last week.

The dollar fell early Tuesday against other major currencies, while gold prices also dipped.

Meanwhile, bond prices were little changed ahead of the government's latest auction. The Treasury is auctioning off $44 billion in two-year notes Monday afternoon.

The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.55 percent from 3.56 percent late Monday. The yield on the three-month T-bill, considered one of the safest investments, rose to 0.08 percent from 0.06 percent.

Overseas, Japan's Nikkei stock average fell 1.5 percent. In afternoon trading, Britain's FTSE 100 rose 0.6 percent, Germany's DAX index gained 0.5 percent, and France's CAC-40 rose 0.6 percent. ]]> Market News Stock_Analyzer <![CDATA[Obama wins nobel prize [Post #28832]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28832#post28832 Tue, 27 Oct 2009 08:41:36 GMT Obama wins nobel peace prize. Why? Hard to believe that a U.S. President can win a peace prize while engaged in two wars. Can some one please... Obama wins nobel peace prize. Why?
Hard to believe that a U.S. President can win a peace prize while engaged in two wars.
Can some one please inform me as to why Obama has gotten a Nobel Peace Prize when he has yet to do what he has gotten the prize for? ]]> Market News thomaswos <![CDATA[Oil hovers below $79, market seeks fresh cues on economy [Post #28831]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28831#post28831 Tue, 27 Oct 2009 08:03:10 GMT Oct 27 (Reuters) - Oil steadied at below $79 a barrel on Tuesday, pausing after three straight days of decline, as investors awaited fresh leads from... Oct 27 (Reuters) - Oil steadied at below $79 a barrel on Tuesday, pausing after three straight days of decline, as investors awaited fresh leads from the equities market as well as more economic data to gauge the pace of the global economic recovery.

Traders are also eyeing the weekly American Petroleum Institute (API) crude oil report, which should give an indication of the strength of energy demand in the world's largest energy consumer.

U.S. crude for December delivery CLc1 crept up 5 cents to $78.73 a barrel by 0302 GMT, after settling down $1.82 at $78.68 on Monday.

London Brent crude was up 9 cents at $77.35.

Although crude prices have risen nearly 77 percent so far this year, they are still almost 47 percent below the record of more than $147 per barrel attained last July.

"There is a sense of caution in the air. The U.S. equities markets have already retraced for two days and there is growing concern about the strength of the U.S. economy," said Benson Wang, a trader at Commodity Broking Services in Sydney

"The market seems to recognize that oil has been somewhat overbought, especially since there's a high chance that the U.S. jobless rate would hit 10 percent, which could put a serious strain on the recovery."

The VIX indicator .VIX, Wall Street's favourite barometer of market volatility, jumped 9.16 percent on Monday, highlighting how skittish sentiment has become towards stocks .SPX and other riskier assets like commodities and growth-linked currencies.

Analysts said investors were likely to stay wary ahead of U.S. consumer numbers for October and house price index data for August, both due later in the day. Also, some cautiousness among traders is likely to prevail ahead of third-quarter U.S. gross domestic product (GDP) data on Thursday.

Analysts expect the U.S. economy to expand 3.3 percent in the third quarter [ECONUS]. Anything lower, like the shock GDP numbers from Britain late last week, could trigger another wave of selling in riskier assets.

Oil has lost about 4 percent since striking a 14-month high of $82 a barrel last Wednesday, weighed down by bearish economic data and as disappointing corporate earnings sparked doubts on the pace of a fledgling U.S. recovery.

U.S. crude inventories probably rose 1.4 million barrels last week, according to a preliminary Reuters poll ahead of an American Petroleum Institute's weekly data later on Tuesday. [EIA/S]

Distillate stocks probably declined 900,000 barrels, while gasoline stocks were seen down 300,000 barrels, the poll showed. The U.S. dollar, seen as a safe-haven when doubts about a global recovery emerge, held a firmer tone on Tuesday, pulling away from recent 14-month lows, as investors unwound short positions and took profits in high-yielding currencies. [USD/]

U.S. total heating demand will be nearly 23 percent lower than normal this week as temperatures average near to above normal in the Northeast and the Midwest, the National Weather Service projected on Monday. [ID:nN26187280] (Reporting by Fayen Wong; Editing by Clarence Fernandez) ]]> Market News forexnews84 <![CDATA[Canadian Dollar Plunges Against Most Majors [Post #28830]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28830#post28830 Tue, 27 Oct 2009 08:01:54 GMT In early Asian deals on Tuesday, the Canadian dollar weakened against its European, Japanese and Australian counterparts as oil hovered below $79 a... In early Asian deals on Tuesday, the Canadian dollar weakened against its European, Japanese and Australian counterparts as oil hovered below $79 a barrel during the session. The loonie thus plummeted to a new multi-month low against the aussie and a 6-day low against the yen.

Oil fell as investors awaited fresh leads from the equity markets as well as more economic data to gauge the pace of the global economic recovery.

Traders are also eyeing the weekly American Petroleum Institute (API) crude oil report, which should give an indication of the strength of energy demand in the world's largest energy consumer.

U.S. crude for December delivery crept up 5 cents to $78.73 a barrel 11:02 pm ET, after settling down $1.82 at $78.68 on Monday. London Brent crude was up 9 cents at $77.35.

Although crude prices have risen nearly 77 percent so far this year, they are still almost 47 percent below the record of more than $147 per barrel attained last July.

Oil has lost about 4 percent since striking a 14-month high of $82 a barrel last Wednesday, weighed down by bearish economic data and as disappointing corporate earnings sparked doubts on the pace of a fledgling U.S. recovery.

The Canadian dollar also depreciated as the head of the nation's central bank reiterated concern the currency has grown too strong and crude oil and stocks tumbled.

Yesterday, the Bank of Canada Governor Mark Carney stepped up warnings he issued last week in a policy meeting and a quarterly report that its increasing strength is a threat to economic recovery.

A Canadian currency with greater strength than policy makers assumed could be a "significant further drag on growth and put additional downward pressure on inflation," Carney said in his speech in Montreal yesterday.

Carney reiterated the central bank's economic outlook and its commitment to keep the benchmark lending rate at a record low 0.25 percent through June 2010. He is scheduled to testify today and tomorrow before parliamentary standing committees in Ottawa.

During early Asian deals on Tuesday, the Canadian dollar fell to a new multi-month low of 0.9829 against the Aussie. This may be compared to Monday's close of 0.9797. On the downside, 0.9850 is seen as the next target level for the Canadian currency.

The Aussie strengthened today as Australia's business confidence index jumped to a 7-year high in the third quarter.

The National Australian Bank's business confidence index increased by 20 points to -16, the highest reading since Q1 of 2002. The index registered -4 in the June quarter.

The bank's index of business conditions also improved, adding 14 points to a reading of -5, compared to minus nine in Q1.

NAB economist Alan Oster said, in an accompanying statement, that the survey data "point to a significant bump in both near and long term business expectations, with longer term expectations, in particular, returning to around long-run average levels.

The Canadian dollar, which closed yesterday's trading at 86.28 against the yen declined to a 6-day low of 86.09 in early Asian deals on Tuesday. The next downside target level for the loonie-yen pair is seen at 83.2.

In early Asian trading on Tuesday, the Canadian dollar plunged to 1.5913 against the euro. If the loonie weakens further, it may target the 1.610 level. At yesterday's close, the euro-loonie pair was quoted at 1.5898.

Against the currency of U.S., the Canadian dollar bounced between 1.0697 and 1.0671 during early Asian deals on Tuesday. The next upside and downside target levels for the greenback-loonie pair are seen around 1.096 and 1.038, respectively. The pair closed yesterday's North American session at 1.0691.

Looking ahead of the European session, the French and the Italian consumer confidence reports for October and the Euro-zone M3 money supply data for September are expected.

Across the Atlantic, the S&P/Case-Shiller home price index is scheduled to be released at 9 am ET. Economists expect an 11.90% year-over-year decline in the 20-city composite house price index for August.

At 10:00 am ET, the Conference Board is scheduled to release its consumer confidence report for October. The report is expected to show that the consumer confidence index rose to 53.5 in October.

RTTNews ]]> Market News forexnews84 <![CDATA[Euro Zone Inflation Seen Negative Again [Post #28829]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28829#post28829 Tue, 27 Oct 2009 08:00:23 GMT Euro zone inflation remained negative for the fifth month in a row in October on the back of falling energy and food prices, preliminary numbers are... Euro zone inflation remained negative for the fifth month in a row in October on the back of falling energy and food prices, preliminary numbers are expected to show next week.

Another month of falling prices on a year ago will give scant reason for the European Central Bank to start reining in the loose monetary policy it designed to boost an economy that is just now emerging from the deepest recession on record.

A Reuters poll of 41 economists showed inflation in the 16-nation bloc at -0.1 percent in October, up from -0.3 percent last month, but far below ECB's preferred 2.0 percent ceiling.

Forecasts ranged from -0.3 to 0.1 percent.

"Headline inflation should resume its rise as energy price base effects outweigh further declines in food and core inflation," said BNP Paribas economists in a note.

Energy prices have slid since last year, with oil prices currently at about $80 per barrel compared to around $100 last year and almost all of inflation's resurgence will be due to the base effect of oil prices.

Food prices have also been falling but have likely bottomed.

"Food inflation will probably decline a bit further in year-on-year terms, but October is probably going to be the trough," said Marco Valli, economist at UniCredit.

Despite forecasting another month of negative inflation fears about persistent deflation, a sustained and widespread fall in prices, are low as economists inflation to pick up in coming months.

It is seen averaging 0.4 percent in the current quarter and 1.0 percent in the first three months of 2010.

Data due to be released on Wednesday is expected to show inflation in Germany, the 16-nation bloc's biggest economy, flat in October while on Friday figures from Italy will are likely to show prices rose 0.3 percent this month. ]]> Market News forexnews84 <![CDATA[Consumer confidence at 22-month high [Post #28828]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28828#post28828 Tue, 27 Oct 2009 07:59:12 GMT Consumer confidence hit a 22-month high this month, adding to “soft” data indicating a firming economy. The latest ANZ-Roy Morgan Consumer... Consumer confidence hit a 22-month high this month, adding to “soft” data indicating a firming economy.
The latest ANZ-Roy Morgan Consumer Confidence measure rose 5.9 points to 125.9 for October, as more consumers expected a better future.
However, the report shows a wide gap between expectations for the future and consumer confidence at the moment, where pessimists outnumber optimists and correlate more closely with actual spending.
The number of people who expected to buy a major household item went up 10 points, although retailers will be hoping men hold the purse strings – 20% of men believed it was a good time to buy a major item compared to 7% of females.
Analysts refrained from commenting on a key element of the survey – how consumers view inflation going forward.
About 3.8% of survey respondents thought inflation would reside on average over the next two years, at the top-end of the 1% to 3% policy band, however, there was commonly an upward bias in such surveys.
Analysts will monitor the surveys month-to-month to gauge trends to provide better information, the report said.
The Roy Morgan Consumer Confidence gauge began in January 2004 but has now joined with ANZ to provide insight and commentary. ]]> Market News forexnews84 <![CDATA[Dollar hits 5-week high vs yen [Post #28827]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28827#post28827 Tue, 27 Oct 2009 07:58:35 GMT The dollar hit a 5-week high against the yen in Asian trade Tuesday amid mounting speculation that the US Federal Reserve may signal a clearer... The dollar hit a 5-week high against the yen in Asian trade Tuesday amid mounting speculation that the US Federal Reserve may signal a clearer timeframe for lifting its rock-bottom interest rates.

The dollar climbed to 92.33 yen in Tokyo morning trade, from 92.23 in New York late Monday. The euro gained to $1.4870 from $1.4863 but slipped to 136.90 yen from 137.05.

"We view the dollar rally as broad, powerful and having further to run," said Societe Generale analyst Patrick Bennett.

The dollar was boosted by growing speculation that the Fed may be preparing to lay the groundwork for an eventual rate hike, dealers said.

Recent media reports say Fed officials may alter their language on monetary policy in a statement to issued at a meeting next week.

However, many players expect the dollar to remain weak as "the fundamental picture continues to be bullish for risk-correlated currencies" like those of commodity exporters, Barclays Capital analysts wrote in a note.

"Data out of China last week were strong and policymakers globally continue to suggest that it is too early to withdraw stimulus" measures, they added.

Investors were eyeing a Group of 20 finance summit in Scotland next week, waiting to see if officials will try to talk up the dollar amid growing concern among other nations that its weakness is damaging their exports.

Markets will also be watching whether officials signal when they may end economic stimulus measures, as they weigh the risk of nipping a recovery in the bud prematurely against the danger of resurgent inflation.

]]> Market News forexnews84 <![CDATA[Verizon [Post #28795]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28795#post28795 Mon, 26 Oct 2009 20:41:59 GMT Daily Market Commentary for October 23, 2009

Verizon

Verizon (VZ) reported third-quarter earnings fell but still pushed past analysts' estimates, also the number of new subscribers rose more than expected, pushing shares up $0.14 to $28.99. (Read more at Millennium-Traders.Com)

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 trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 105.88 points, EOD 9,866.30
NYSE (New York Stock Exchange) shed 106.71, EOD 6,960.09
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 12.31 points, EOD 2,142.16
S&P 500 (SPX) shed 12.44 points, EOD 1,067.16
BEL 20 (BEL20) shed 54.09 points, EOD 2,493.25
CAC 40 (CAC40) shed 63.79 points, EOD 3,744.45
FTSE100 (UKX100) shed 50.83 points, EOD 5,191.74
NIKKEI 225 (NIK/O) gain 79.63, EOD 10,362.62

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 749 declined stock prices 2,347, unchanged stock prices 86, stock prices hitting new highs 132 and stock prices hitting new lows 12. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: RTP shed 3.09, HOD 201.97, LOD 192.00, EOD 192.12; MON shed 4.54, HOD 75.05, LOD 70.31, EOD 70.69; FAS shed 5.69, HOD 84.35, LOD 76.58, EOD 77.83; CME gain 330.00, HOD 318.48, LOD 318.48, EOD 321.01; AIG shed 2.65, HOD 39.58, LOD 35.52, EOD 36.25; ESI shed 2.62, HOD 102.84, LOD 98.89, EOD 99.15; BLK shed 3.21, HOD 233.52, LOD 226.84, EOD 227.99; ETH shed 2.64, HOD 15.62, LOD 13.51, EOD 14.03; AGU shed 3.17, HOD 53.49, LOD 49.47, EOD 49.73; ING shed 3.27, HOD 15.60, LOD 14.02, EOD 14.10; POT shed 2.04, HOD 102.62, LOD 97.15, EOD 98.61; MA shed 9.21, HOD 231.39, LOD 220.75, EOD 220.75; RSH gain 2.49, HOD 18.33, LOD 15.66, EOD 18.15; CA shed 0.34, HOD 21.72, LOD 21.14, EOD 21.27.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 789, declined stock prices 1,941, unchanged stock prices 121, stock prices hitting new highs 88 and stock prices hitting new lows 26. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AMZN gain 6.14, HOD 125.68, LOD 118.49, EOD 124.63; BCRX gain 1.28, HOD 11.31, LOD 10.51, EOD 10.94; SOHU shed 11.43, HOD 64.89, LOD 59.33, EOD 59.92; BIDU shed 2.34, HOD 439.90, LOD 424.55, EOD 432.97; FSLR gain 2.48, HOD 158.14, LOD 153.06, EOD 154.87; CYOU shed 2.66, HOD 32.88, LOD 30.71, EOD 32.30; PVTB shed 7.02, HOD 15.06, LOD 11.71, EOD 11.98.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 157, declined stock prices 369, unchanged stock prices 40, stock prices hitting new highs 12 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1066.75; Change -10.25
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,748.25; Change -3.75
E-mini DOW $5 (YM) Dec 09: EOD 9,848; Change -83
E-mini S&P MidCap 400 (MF) Dec 09: EOD 693.40; Change -8.10
Nikkei 225 (Yen) Dec 09: EOD 10,250; Change 10

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6728 U.S. Dollars 1.4863
Japanese Yen 92.2000 to U.S. Dollars 0.0108
British Pound 0.6126 to U.S. Dollars 1.6323
Canadian Dollar 1.0662 to U.S. Dollars 0.9379
Swiss Franc 1.0185 to U.S. Dollars 0.9818

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $1.82, EOD $78.68 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.04, EOD $2.06 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.27, EOD $5.21 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) shed $0.01, EOD $2.03 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $13.60, EOD $1,042.80 ($US per Troy ounce)
Silver (December 09) shed $0.63, EOD $17.10 ($US per Troy ounce)
Platinum (January 09) shed $23.70, EOD $1,345.80 ($US per Troy ounce)
Copper (December 09) shed $0.02, EOD $3.01 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.43, EOD $53.45
Pork Bellies (February 10) gain $3.00, EOD $88.98
Live Cattle (December 09) shed $0.25, EOD $87.15
Feeder Cattle (November 09) gain $0.20, EOD $96.00

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $19.75, EOD $378.00
Soybeans (November 09) shed $18.75, EOD $988.75

BOND MARKET:
2 year EOD 99 30/32, change -1/32, Yield 1.03, Yield change 0.02
5 year EOD 99 12/32, change -9/32, Yield 2.50, Yield change 0.06
10 year EOD 100 14/32, change -22/32, Yield 3.57, Yield change 0.09
30 year EOD 101 30/32, change -1 17/32, Yield 4.38, change 0.09

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Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[U.S. Stocks 40% Overvalued [Post #28740]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28740#post28740 Mon, 26 Oct 2009 13:27:51 GMT S&P 500 Overvalued by 40%, Set to Fall, Smithers Says (Update2) - Bloomberg.com

By Patrick Rial

Oct. 26 (Bloomberg) -- U.S. equities are about 40 percent above their fair value and headed for a decline as central banks pull back on quantitative easing that has pushed up asset prices, according to economist Andrew Smithers.

“Markets are very vulnerable to an end of quantitative easing,” the economist said in an interview at Bloomberg’s Tokyo office on Oct. 23. “Central banks, they’ve got to stop some time and if that happens everything will come down.”

Asset purchases have doubled the size of the Federal Reserve’s balance sheet to $2.1 trillion since the start of the current financial crisis. The Bank of England has spent 175 billion-pounds ($286 billion) over the last seven months to rescue the economy.

The asset purchases, among quantitative easing measures to increase money supply, have been responsible for inflating everything from equities to commodities and real estate prices globally, Smithers said.

In “Valuing Wall Street,” his March 2000 book co-authored with economist Stephen Wright, Smithers argued that U.S. equities were grossly overvalued and should be sold. The Standard & Poor’s 500 Index plunged 49 percent over 2 1/2 years from a then-record high reached that month. Smithers said he stopped buying equities in the 1990s and began purchasing them again only for a brief period during the lows of the current crisis.

Smithers based his research for the book on Tobin’s Q, an indicator of whether the market is overvaluing or undervaluing company assets compared with their replacement cost. He now uses both the Q ratio, as well as a cyclically adjusted price-to- earnings ratio compiled by Yale University’s Robert Shiller, for his estimate that U.S. shares are 40 percent overvalued.

Japan may be the world’s cheapest major market, he said, though he doesn’t forecast short-term gains from betting on the nation’s stocks. ]]> Market News godoftrading <![CDATA[Forex – US GDP This Week Will Be Major Driver Of Risk Appetite [Post #28735]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28735#post28735 Mon, 26 Oct 2009 11:24:16 GMT * Forex – US GDP This Week Will Be Major Driver Of Risk Appetite (http://forexnews84.blogspot.com/2009/10/forex-us-gdp-this-week-will-be-major.html)... Forex – US GDP This Week Will Be Major Driver Of Risk Appetite

As Q3 earnings releases begin to wind down and their significance for risk appetite fades, the focus in FX markets returns to economic data – and despite today’s quiet schedule, we have a number of key issues in the week ahead. For the US, the most significant will be Thursday’s first reading of Q3 GDP where consensus estimates are calling for a 1.4% expansion QoQ, up from Q2’s 0.0% reading.

The figure will be one of the most significant drivers of risk appetite in the coming months and given the spectacular miss from UK GDP numbers last week, it’s unlikely anyone will be complacent about the pace of recovery and the relatively high level of expectations. This week’s docket also features US Consumer Confidence (Tue), Durable Goods Orders and New Home Sales (Wed), rounded off by Friday’s PCE, Chicago PMI and U.Mich.
Elsewhere we have central bank rate announcements out of New Zealand (Wed), Norway (Wed), and Japan (Fri); although the Norges Bank expected to be the most keenly anticipated event. The exceptionally strong economic data from Norway in recent months and increasingly hawkish rhetoric from central bank Governor Gjedrem has propelled NOK higher and prompted investors to start pricing in a series of hikes starting imminently at the next meeting.
We agree NOK will join AUD as one of this year’s outperformers; however opportunities to get into the trade have been scarce thus far. Any indications that the path of rate rises will only be gradual may present pullbacks in the currency that we would look to buy.
Wednesday will also see the release of Norway’s Unemployment rate, whilst Retail Sales are due Thursday. Both these sets of data have outstripped forecasts in the past few months, so again our strategy would be to buy NOK on any dips.
The key releases for the week out of the Eurozone will be Consumer Confidence (Thu), CPI and Unemployment (Fri). Thus far the ECB have been resolute that current rates are appropriate and inflation expectations remain firmly anchored.
Whilst EURUSD looks to have consolidated above the 1.5000 level, significant stops have built up just behind first resistance 1.5060 and any upside surprise in CPI (-0.1% YoY expected, -0.3% last) or indeed unexpected improvements in the other key releases could be the trigger to push the pair through to next upside target 1.5346.

Today’s Key Issues (time in GMT): 18:30 GBP BoE MPC member Adam Posen speaks on “A non-monetarist approach to quantitative easing” at Cass Business School, London

The Risk Today:

EurUsd The range trade continues to play out very nicely with shorts hitting the pair at 1.5046 and longs coming in at 1.5000. One would expect huge stops being built up on each side of this range, less so to the downside where longs are probably that little bit more confident and leaving their stops sub 1.4876 as they look for the move to 1.5346.

GbpUsd We mentioned last week that the GBPUSD head and shoulders may well still be intact with 1.6663 as the level where sellers would be expected and after toying with the level for a couple of hours the pair has sold off a full 4 figures in less than 2 days. The next level of major support and uptrend buying is not expect until 1.6038 with some consolidation between 1.6272 and 1.6484 in the meantime. The more the pair consolidates before making another leg down the better the chances are of breaking the 10 month uptrend and the neckline down at 1.5724 / 5801.
UsdJpy The pair is shaping up for a nice shorting opportunity in the coming days as it reaches a very significant resistance at 92.53 / 93.10 and a major downtrend line that comes from all the way back in May 2007. Expect the short term uptrend players to lighten up on their positions in the face of much congestion to the upside, only intraday players being able to play the long side safely from 90.60 / 86 entry.
UsdChf A big test coming up for USDCHF today as the pair has is trapped between the downtrend line at 1.01 and the support at 1.0037. A break below this level will surely send the pair to parity whilst the bulls need to see a clearance of 1.0125 to justify adding to any current long positions.

]]> Market News forexnews84 <![CDATA[Bank of England 'should act now' after shock output reverse [Post #28722]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28722#post28722 Mon, 26 Oct 2009 04:32:07 GMT Business leaders say the West Midlands economy remains fragile, after hopes for an end to recession were dashed when the economy shrank for a record... Business leaders say the West Midlands economy remains fragile, after hopes for an end to recession were dashed when the economy shrank for a record sixth quarter.

The shock 0.4 per cent third-quarter fall takes the total loss of output since the recession began last year to 5.9 per cent, the Office for National Statistics (ONS) said.

Experts predicted a 0.2 per cent advance for the economy, but today’s figures leave the UK in the grip of the longest period of continuous decline since ONS records began in 1955.

Will Rogers, policy adviser at Birmingham Chamber of Commerce and Industry, said the Bank of England (BoE) should now consider extending its quantitative easing scheme.

He added: “This underlines that the regional and national economy faces many challenges, not the least of which is the manufacturing sector of which the West Midlands still heavily relies.”

The latest estimates mean the depth of the current slump is nearing the six per cent decline seen between 1979 and 1981.

The persistent decline of the ailing economy comes despite interest rates at a record low 0.5 per cent since March, economic stimulus moves from the Government and an unprecedented £175-billion boost to the money supply through quantitative easing.

Louise Bennett, chief executive of the Coventry and Warwickshire Chamber of Commerce, said: “It highlights just how deep and sustained this recession has been and while we are all preparing for the road to recovery, that too will be a long process.”

Service output, which represents almost three-quarters of the UK economy, was expected to register growth in the ONS research, but instead disappointed with a 0.2 per cent decline over the quarter.

The construction sector also remained in the doldrums, falling 1.1 per cent during the period. The beleaguered industry has now contracted by a mammoth 14.7 per cent since research from the beginning of 2008.

Industrial production output, meanwhile, shrank by 0.7 per cent and is down by 13.7 per cent since the recession began.

Birminghampost.net blogger Howard Wheeldon, senior strategist at BGC Partners, said the BoE would have expected to see an improvement.

He added: “Quarter three GDP performance should, following several government stimulus plans aimed at kick starting the economy to life together with seemingly aggressive quantitative easing actions from the BoE, have at the very least sparked some life back into the economy.” ]]> Market News forexnews84 <![CDATA[UK population growth to 70m challenged [Post #28721]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28721#post28721 Mon, 26 Oct 2009 04:31:17 GMT Migration experts have challenged new official projections that Britain's population will hit 70 million by 2029 largely as a result of future migration and births to foreign nationals in the UK.

Tim Finch, head of the Institute of Public Policy Research's migration program, said the Office of National Statistics projections published today assumed that migration patterns over the next 10 years will mirror those of the last 10 years.

The ONS figures are based on the pattern of migration into Britain up until the middle of 2008 before the economic recession began to bite: “Early indications suggest that the peak of net migration, mainly from eastern Europe, has passed.

The next few sets of migration figures will suggest that inward migration is steadying and emigration is increasing,” said Finch. “If that trend continues then some of the assumptions that net migration will go on and on that lie behind the projection of 70 million 2029 may be wrong.”

The ONS projections show that the current UK population of 61.4 million would rise to 71.6 million by 2033, passing the 70 million mark by 2029.

The official statisticians say 55% of the 10.2 million projected rise in the UK population over the next 25 years will come from a natural increase in births over deaths and that 45% will be due to more people coming to live in Britain than those emigrating.

But these projections are actually lower than the set published last year and are based on what was happening with immigration in the middle of 2008. The ONS has revised net migration downwards by 10,000 to 180,000 a year and projected that the 70 million mark will be passed a year later at 2029 compared with last year's projections.

Phil Woolas, the immigration minister, said today's projections showed that population growth was starting to slow down and the impact of the radical reforms that the Home Office has made to the immigration system over the last two years were working.

“Last year saw a 44% fall in net migration and we expect that fall to be sustained and reflected in future projections.

“Our new flexible points-based system is giving us greater control on those coming to work or study from outside Europe, ensuring that only those that Britain need can come.”

Finch said it was still early days for the points-based system introduced over the last year: “We do not yet know the extent to which the PBS is biting.”

The ONS also suggests the oldest age group is likely to grow the most quickly with the number of Britons over 85 set to more than double over the next 25 years from 1.3 million in 2008 to 3.3 million by 2033. The numbers of centenarians is set to rise from 11,000 to 80,000 by 2033.

Even taking account of the forthcoming increases in the state pension age, those who qualify for a state pension are set to rise from 11.6 million in 2008 to 15.6 million by 2033.

New life expectancy figures confirm the north-south divide in Britain. Life expectancy is highest for men at 79.2 years in south-east England and for women at 83.1 in south-west England. It is lowest in Scotland, at 75 for men and 79.9 for women.

Life expectancy at birth has improved across the UK since the early 1990s but while London saw an increase of 4.9 years for men, life expectancy for Scottish men rose only by 3.5 years.

A boy born this year in Kensington and Chelsea can expect to live for 84.3 years compared with only 70.7 years for a boy born in central Glasgow.

Source: guardian.co.uk) ]]> Market News forexnews84 <![CDATA[Dollar dips on producer prices [Post #28720]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28720#post28720 Mon, 26 Oct 2009 04:30:32 GMT The Australian dollar was lower at noon, pulled down by lower than expected producer prices and as investors lost enthusiasm for equity markets. ... The Australian dollar was lower at noon, pulled down by lower than expected producer prices and as investors lost enthusiasm for equity markets.

Around midday, the Australian dollar was trading at $US0.9233, down from Friday’s close of $US0.9279.
CMC Markets foreign exchange dealer Tim Waterer said softer equity markets, both locally and in the US, had investors buying the US dollar.

‘‘With US equities losing one per cent (on Friday night), that found some buying support for the US dollar and it was not surprising the Aussie dollar gave up some ground,’’ Mr Waterer said.

‘‘When you do see that weakness emanating from Wall Street, that will affect the Aussie dollar.

‘‘The local sharemarket is trading in red numbers and that is keeping the Aussie dollar in check.’’Mr Waterer said the Australian dollar hit its intra-day low of $US0.9193 just after the release of the producer price index (PPI) at 1130 AEDT, but the currency has since clawed back some of its losses.

Australia’s PPI at the final stage of production rose 0.1 per cent in the September quarter, according to figures from the Australian Bureau of Statistics (ABS) on Monday.

The outcome was slightly below market expectations for a 0.3 per cent rose and followed a 0.8 per cent fall in the June quarter.

‘‘We had some PPI data, which was not as high as many had thought it would be,’’ he said. ‘‘That caused the Aussie to dip below the 92 US cents but it has since rebounded.

‘‘It was not as strong as thought but the big number is CPI coming out this week.’’

For the rest of the Asian session Monday, Mr Waterer expects the Australian dollar to trade between $US0.9190 and $US0.9260. Meanwhile, the Australian bond market was weaker at noon.

The yield on the Commonwealth Government March 2019 bond was at 5.715 per cent, up from Friday’s close of 5.703 per cent, while the yield on the April 2012 bond was at 5.293 per cent, up from 5.282 per cent previously.

On the Sydney Futures Exchange, the December 10-year bond futures contract price was at 94.235, down from Friday’s close of 94.250, while the December three-year bond futures contract was at 94.540, down from 94.580 previously. ]]> Market News forexnews84 <![CDATA[$100 Oil? Don't Bet on It [Post #28719]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28719#post28719 Mon, 26 Oct 2009 04:28:41 GMT A weak dollar is driving investors into hard assets like oil, but high inventories and other weak fundamentals argue against a continued price runup... A weak dollar is driving investors into hard assets like oil, but high inventories and other weak fundamentals argue against a continued price runup

Oil has returned to the role it held before last year's price collapse—a sanctuary of choice for investors fleeing the dollar. At least for now, that is.
Over the past week, crude surged through the $80-a-barrel barrier for the first time since September 2008. (The benchmark price of a barrel of crude oil ended Friday, Oct. 23, at $80.50.) This follows a breathtaking, yearlong bout of volatility. Since the summer of last year, oil has rocketed to $147, plunged to $32, and just a week ago traded below $70.
Yet many analysts say oil-market fundamentals are so weak that prices won't rise much higher, and may in fact retreat. "This is a dollar-led rally and unsustainable," says Phil Flynn, an oil analyst with PFGBest Research, a futures brokerage.
Another Safe Haven, Gold, Soars by 20%

The dollar is the main driver behind a 15% increase in oil prices over the past week, analysts say. Since March the dollar has fallen 15% in inflation-adjusted value compared with a basket of currencies of its major trading partners. Traders have sought to cushion the fall in the value of the dollars they are holding by buying futures in traditional safe havens. Mirroring crude's climb, gold has soared this year to more than $1,000 an ounce, or by about 20%. "The steady increase in oil prices means that traders want to hold hard assets," said Lawrence Goldstein, a director at the Energy Policy Research Foundation in Washington.
Few experts are predicting a sudden strengthening of the dollar, so oil prices could stay where they are. But the fundamentals are so weak, analysts say, that the price could rapidly fall back below $80 and even further.
When oil prices rocketed past $140 in 2008, the causes lay mostly with the supply-demand balance: There was virtually no spare production capacity anywhere in the world, so that any supply disruption, such as hurricanes in the Gulf of Mexico and the routine militant attacks in Nigeria, pushed prices up.
Plenty of Production Capacity, Oil in Storage

Observers predicting a price spike have pointed to a drop in global oil exploration and production, saying that when economies rebound there will be a shortage. In the U.S., for instance, exploration is down 27.8% from a year ago, with 309 rigs actively drilling, compared with 428 at this time in 2008, according to the Baker Hughes Rig Count. Abroad, there are 8% fewer rigs drilling than there were a year ago—764, down from 831. Major oil companies such as ExxonMobil (XOM), Chevron (CVX), and BP (BP) continue to spend on exploration, while smaller companies have cut back substantially.
But that is just part of the picture, analysts say. For starters, spare production capacity currently runs about 6.7 million barrels a day, according to the International Energy Agency, with Saudi Arabia accounting for 3.8 million barrels, or 56%, of the total.
In addition, oil storage tanks around the world are overflowing and would have to be drawn down before any big price spike takes place. U.S. crude inventories stand at 339 million barrels, up 27.7% from a year ago, reports the U.S. Energy Information Administration. In addition, since mid-September the Strategic Petroleum Reserve has exceeded 725 million barrels, a 27-year record. In fact, there is such a global glut that there is almost no place on land to put all the oil. An estimated 125 million barrels' worth are floating around on tankers scattered over the globe, according to OPEC. Normally, a negligible amount of oil is being stored offshore in ships.
Refineries, too, can ramp up and produce oil products, analysts say. U.S. refineries are operating at around 80% of capacity, among their lowest rates in two decades. "High inventories and weak market fundamentals might eventually weigh on markets" and push prices lower, said Edward Morse, managing director at Louis Capital Markets, a London-based brokerage. So it's possible that crude isn't such a safe haven after all. ]]> Market News forexnews84 <![CDATA[Will start building cash, think it is time [Post #28709]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28709#post28709 Sun, 25 Oct 2009 21:53:01 GMT With more banks coming to a close, 107 to date, with a possible over 400 that the goverment has an eye on, IMO its time to start backing off and... With more banks coming to a close, 107 to date, with a possible over 400 that the goverment has an eye on, IMO its time to start backing off and building cash balance. Until unemployment is addressed and a plan is started the economy will fall back into a decline. The last week I have noticed that the stocks that has had a 20% decline (more or less) usally rebounds some what, they have not been but keep declining, which means the money is not going back into on the dips. My opionion, but i am saying be more careful. Good Luck ]]> Market News wizard1417 <![CDATA[UK GDP surprise gave markets a dose of reality [Post #28691]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28691#post28691 Sun, 25 Oct 2009 10:13:45 GMT The UK GDP number for Q3 came in well below anything economists have expected. The UK economy, it seems, is less like that Germany and more like the... The UK GDP number for Q3 came in well below anything economists have expected. The UK economy, it seems, is less like that Germany and more like the US economy - driven by consumer spending and credit. The nation may also be lagging the US cycle - having entered the recession later and possibly taking longer to return to growth.

UK Real GDP %YOY (source: Bloomberg)

The currency reacted immediately, with a nearly a 2% GBP decline against USD. The UK quantitative easing will continue as the credit markets appear to be extremely tight. The chart below shows practically no growth this year in the UK's broad money supply, justifying the Bank of England money printing programs. This makes the British pound quite vulnerable, as the supply will continue to grow.

source: OECD, Bloomberg

The news propagated through the markets quickly. The dollar rose and commodities fell as traders lightened up on the carry trade. With that came the sell-off in the US equity markets. Is it possible the US GDP number will come in much weaker than expected as well? The UK numbers certainly left market participants quite concerned. ]]> Market News forexnews84 <![CDATA[Rates on 30-year loans inch up to 5 percent [Post #28690]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28690#post28690 Sun, 25 Oct 2009 10:10:33 GMT Rates for 30-year home loans have inched up, hitting 5 percent for the first time in nearly a month, months after bond yields edged up. The... Rates for 30-year home loans have inched up, hitting 5 percent for the first time in nearly a month, months after bond yields edged up.

The average rate on a 30-year fixed mortgage was 5 percent this week, up from 4.92 percent a week earlier, mortgage company Freddie Mac said Thursday.

It was the highest average since the week of Sept. 24, when rates averaged 5.04 percent.

While above the record low of 4.78 percent hit in the spring, rates are still attractive for people looking to buy a home or refinance.

To prop up the housing market and help the economy recover from the worst recession since the 1930s, the Federal Reserve has been engaged in an extraordinary level of support, spending $1.25 trillion on mortgage-backed securities, which has driven down rates on home loans.

Last month, Fed Chairman Ben Bernanke and his colleagues agreed to slow down the pace of the program to buy mortgage securities from Fannie Mae and Freddie Mac.

Instead of wrapping up the purchases by the end of this year, the Fed now plans to do so by the end of March.

Despite the government's effort to support the housing market, qualifying for a loan is still tough.

Lenders have tightened their standards dramatically, so the best rates are available to those with solid credit and a 20 percent down payment.

Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country.

Rates often fluctuate significantly, even within a given day, often in line with long-term Treasury bonds.

The average rate on a 15-year fixed-rate mortgage rose to 4.43 percent, from 4.37 percent last week, according to Freddie Mac.

Rates on five-year, adjustable-rate mortgages averaged 4.4 percent, up from 4.38 percent a week earlier.

Rates on one-year, adjustable-rate mortgages fell to 4.54 percent from 4.6 percent.

The rates do not include add-on fees known as points. The nationwide fee for loans in Freddie Mac's survey averaged 0.7 points for 30-year loans.

The fee averaged 0.6 points for 15-year, five-year and one-year loans. ]]> Market News forexnews84 <![CDATA[Analysis: Consumer Confidence Recovery Key [Post #28689]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28689#post28689 Sun, 25 Oct 2009 10:09:47 GMT Delos Smith is senior economist for The Security Executive Council, a Fordham University economics professor, and president and chief economist for... Delos Smith is senior economist for The Security Executive Council, a Fordham University economics professor, and president and chief economist for Delos Smith & Associates. Previously, he was senior business analyst with The Conference Board, issuer of a monthly consumer confidence survey.

Weak earnings from General Electric and Bank of America’s big earnings loss sent the stock market down on Friday, eclipsing the Dow Jones Industrial Average’s Thursday rise over 10,000. So, are we in a bull market that will get back on track or will the bears dominate?

D.S.: I think it’s still a bull market for the investment world. Again, I see the positives in the earnings reports. Goldman Sachs’ report was very positive, and Citicorp’s was better than what we were expecting. In fact, most of the earnings have beaten estimates. So, in the future the market is positive, although it could be quite sluggish.

The fact that the dollar is weak is either bad or good, depending on which analyst you listen to. What’s your opinion?

D.S.: The dollar is where we want it to be, because the Treasury has made no interventions at all. So this relatively low dollar, relative to other currencies, is positive from the U.S. government’s point of view.

If it gets too low, we can strengthen the dollar by intervening in the currency markets and buying dollars and have it organized so that a lot of other countries would do the same. So I’m not worried about the dollar.

Remember, China pegs its currency with us, so there really has been no change for them. They consider it very positive as their export business is starting to get much better.

But a weak dollar is not the big issue at this moment. It’s not even close to it.

What’s the big issue?

D.S.: The consumer. The consumer represents close to 70 percent of the economy, and the consumer is still very, very troubled and needs a lot more healing.

One major indicator is the consumer confidence measures put out by The Conference Board and the University of Michigan. On Friday we had the preliminary report from Michigan, and consumer confidence actually slipped, which is not a good sign. The Conference Board’s consumer confidence index has been in the 55 area overall, which is very low. Normal is 90. If you look at how consumers consider the present, as opposed to expectations for the future, the present is 25, and the future is 73. So the present situation is dreadfully low and has not changed since the recession. The bottom was at 23, so we’re at the bottom.

Another key factor is consumer credit. The last month it was down $12 billion and has been down for the last seven months. Consumers have lowered their debt by over $100 billion, which means the consumer is still saving and healing and deeply concerned about what is happening in this economy. And this economy is not going to go anyplace until the consumer feels better.

Job losses are coming down, but we still had 514,000 initial jobless claims in the week before last. Will the recovery stumble because of job losses?

D.S.: The job picture is always a laggard, but the claims number is still relatively high. It should be about 450,000 if the economy was really starting to heal. The non-farm employment had a setback last month, and the unemployment rate is still going up and will soon be over 10 percent, so the consumer is still very nervous.

It certainly is true that the financial markets are feeling much better. The inventory situation is in very good shape. That is probably the most positive factor in the economy. There is virtually no inventory overhang at all. In fact, inventories are so low that you’re going to have to have some rebuilding of inventories, and this is why some of the production measures look so much better, especially the two Institute of Supply Management numbers for manufacturing and non-manufacturing.

But this inventory increase and production increase is not going to last until the consumer gets back into the game.

What’s happening in housing?

D.S.: The housing sector has improved very steadily. We will have numbers later this week for new and existing home sales. The key numbers will be inventories. For both, inventory levels are getting close to normal levels. This is a very key factor. Getting the inventory levels down is key for the healing of the consumer, because housing is so important to consumers.

How’s the financial sector?

D.S.: The financial sector is our best and strongest area, showing the most rapid recovery. But you have to remember that the financial sector is part of a global financial system and is not dependent on nation states. At this moment it is doing very, very well and will be most helpful for getting the consumer to start feeling a little better.

What do you think of the Obama administration’s goal of stricter regulation of the financial industry?

D.S.: It is needed very badly. It’s going to be very difficult to pass, but it’s an area that needs to be regulated, because we don’t a repeat of what created the problems that sunk the economy and the financial world.

But the main problem is that there has to be global governance, and global governance is going to be extremely difficult. At this moment it means that the nation state central banks have to work very well together. ]]> Market News forexnews84 <![CDATA[Microsoft Updates [Post #28648]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28648#post28648 Fri, 23 Oct 2009 20:33:00 GMT Daily Market Commentary for October 23, 2009 Microsoft Updates Investors were looking forward to seeing Microsoft Updates today to see how the... Daily Market Commentary for October 23, 2009

Microsoft Updates

Investors were looking forward to seeing Microsoft Updates today to see how the software giant is recovering. (Read more at Millennium-Traders.Com)

Economic data released today:

Existing Home Sales:
U.S. September Existing Home Sales rose 9.4% to 5.57 Million Rate; U.S. September Existing Home Sales Consensus 5.38 Million Rate; U.S. Inventory Of Unsold U.S. Homes at 7.8 months supply; U.S. September Median Existing Home Price fell 8.5% on year to $174,900.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 103.69 points, EOD 9,977.62
NYSE (New York Stock Exchange) shed 116.12, EOD 7,066.79
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 10.87 points, EOD 2,154.42
S&P 500 (SPX) shed 13.46 points, EOD 1,079.45
BEL 20 (BEL20) gain 5.28 points, EOD 2,547.34
CAC 40 (CAC40) shed 7.63 points, EOD 3,808.24
FTSE100 (UKX100) gain 35.21 points, EOD 5,242.57
NIKKEI 225 (NIK/O) gain 15.82, EOD 10,282.99

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 728 declined stock prices 2,342, unchanged stock prices 101, stock prices hitting new highs 183 and stock prices hitting new lows 7. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: BNI shed 5.50, HOD 82.13, LOD 78.32, EOD 79.12; POT shed 2.49, HOD 102.84, LOD 99.90, EOD 100.47; CME gain 2.43, HOD 324.44, LOD 316.09, EOD 319.95; RTP shed 3.32, HOD 200.36, LOD 194.24, EOD 194.94.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 638, declined stock prices 2,075, unchanged stock prices 110, stock prices hitting new highs 105 and stock prices hitting new lows 15. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living:
AMZN gain 25.47, HOD 119.65, LOD 110.62, EOD 118.92; SYNA gain 0.94, HOD 26.18, LOD 24.18, EOD 24.60; HGSI shed 0.79, HOD 20.43, LOD 19.45, EOD 19.62; AAPL shed 1.26, HOD 205.80, LOD 203.23, EOD 203.94; SPWRA shed 4.95, HOD 30.35, LOD 28.11, EOD 28.35; BIDU gain 19.71, HOD 437.50, LOD 418.50, EOD 435.31; ISRG gain 3.84, HOD 265.00, LOD 254.00, EOD 262.96; FSLR shed 3.69, HOD 154.92, LOD 151.72, EOD 152.39; NFLX gain 5.26, HOD 57.50, LOD 49.73, EOD 54.89; WOOF shed 2.48, HOD 25.39, LOD 24.04, EOD 24.96; TROW gain 5.16, HOD 55.48, LOD 50.21, EOD 54.27; NTGR gain 0.53, HOD 20.03, LOD 18.44, EOD 18.79; ALGN gain 2.32, HOD 18.85, LOD 17.53, EOD 17.70; IBKR shed 2.72, HOD 18.24, LOD 16.65, EOD 16.84.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 199, declined stock prices 312, unchanged stock prices 48, stock prices hitting new highs 22 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1075.50; Change -15.25
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,751.75; Change -10.75
E-mini DOW $5 (YM) Dec 09: EOD 9,920; Change -118
E-mini S&P MidCap 400 (MF) Dec 09: EOD 699.30; Change -10.30
Nikkei 225 (Yen) Dec 09: EOD 10,230; Change -105

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6669 U.S. Dollars 1.4995
Japanese Yen 92.0500 to U.S. Dollars 0.0109
British Pound 0.6133 to U.S. Dollars 1.6305
Canadian Dollar 1.0514 to U.S. Dollars 0.9511
Swiss Franc 1.0094 to U.S. Dollars 0.9907

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (November 09) shed $0.69, EOD $80.50 per barrel ($US per barrel)
Heating Oil (November 09) shed $0.02, EOD $2.10 a gallon ($US per gallon)
Natural Gas (November 09) shed $0.13, EOD $5.48 per million BTU ($US per mmbtu.)
Unleaded Gas (November 09) no change $0.00, EOD $2.04 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $2.20, EOD $1,056.40 ($US per Troy ounce)
Silver (December 09) gain $0.18, EOD $17.72 ($US per Troy ounce)
Platinum (January 09) shed $0.40, EOD $1,369.50 ($US per Troy ounce)
Copper (December 09) gain $0.04, EOD $3.03 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.70, EOD $53.03
Pork Bellies (February 10) gain $2.48, EOD $85.98
Live Cattle (December 09) gain $0.03, EOD $87.40
Feeder Cattle (November 09) shed $0.88, EOD $95.80

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $5.75, EOD $396.00
Soybeans (November 09) gain $0.50, EOD $1,007.50

BOND MARKET:
2 year EOD 99 31/32, change -4/32, Yield 1.00, Yield change 0.07
5 year EOD 99 21/32, change -13/32, Yield 2.44, Yield change 0.09
10 year EOD 101 2/32, change -19/32, Yield 3.49, Yield change 0.07
30 year EOD 103 14/32, change -28/32, Yield 4.29, change 0.05

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

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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 service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com ]]> Market News MTnews <![CDATA[AMZN after hours [Post #28593]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28593#post28593 Fri, 23 Oct 2009 13:02:10 GMT Amazon shares rise 15% late to highest level since Dec. 1999 on bullish forecast. Amazon beats forecasts, sending stock to new high - MarketWatch... Amazon shares rise 15% late to highest level since Dec. 1999 on bullish forecast.

Amazon beats forecasts, sending stock to new high - MarketWatch ]]> Market News godoftrading <![CDATA[Small Biz Lending Relief Coming [Post #28553]]]> http://www.stockhideout.com/showthread.php?mode=threaded&p=28553#post28553 Thu, 22 Oct 2009 16:44:11 GMT White House: More Small Biz Lending Relief Coming 10/21/2009 * By Michelle Samaad During a visit to a records storage company in Maryland... White House: More Small Biz Lending Relief Coming
10/21/2009

* By Michelle Samaad

During a visit to a records storage company in Maryland today, President Barack Obama is set to unveil a new round of lending initiatives targeted at helping small businesses.

Among the strategies to improve access to credit for small businesses, the Obama administration said it will support lending by providing lower-cost capital to small banks that present small business lending plans and to community development financial institutions that lend to small businesses in the hardest-hit rural and urban areas. CDFI credit unions would be eligible to apply.

The administration also plans to increase the maximum loan size of the SBA’s 7(a) loans from $2 million to $5 million, increase 504 loans to $5.5 million and increase the agency’s microloans from $35,000 to $50,000.

According to the White House, the President will call on Treasury Secretary Timothy Geithner and SBA Administrator Karen Mills to convene a conference of regulators, Congressional leaders, and small business owners to establish further steps the government can take to help small businesses access credit. ]]> Market News godoftrading