Daily Market Commentary for March 17, 2009

Senate Democrats announced today they are preparing legislation to enforce a hefty excise tax on AIG bonuses. (read more at Millennium-Traders.Com)

Economic data released today:
Producer Price Index:
U.S. February Producer Prices rose 0.1% compared to consensus of an increase by 0.4%; U.S. February PPI Excluding-Food & Energy rose 0.2% compared to consensus of an increase by 0.1%; U.S. February PPI Intermediate Goods dropped 0.9%; U.S. February PPI Core Intermediate Goods fell 0.6%; U.S. February PPI Crude Goods fell 4.5%; U.S. February PPI Core Crude Goods rose 1.5%; U.S. February PPI Energy Prices rose 1.3%; U.S. February Passenger Car Prices unchanged; U.S. January PPI Unrevised at increase by 0.8%.

Housing Starts:
U.S. Building Permits rose 3.0% to 547,000 rate in February; U.S. January Housing Starts Revised to drop by 14.5% from drop by 16.8%; U.S. February Housing Starts rose 22.2% to 583,000 compared to consensus of a drop by 1.3%.

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) triple digit gain of 178.73 points to end the trading session at 7,395.70
NYSE (New York Stock Exchange) triple digit gain of 139.23 points to end the trading session at 4,868.14
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 58.09 points to end the trading session at 1,462.11
S&P 500 (SPX) gain of 24.23 points to end the trading session at 778.12
BEL 20 (BEL20) loss of 6.77 points to end the trading session at 1,700.97
CAC 40 (CAC40) loss of 24.38 points to end the trading session at 2,767.28
FTSE100 (UKX100) loss of 6.89 points to end the trading session at 3,857.10
NIKKEI 225 (NIK/O) triple digit gain of 244.98 points at the end the trading session at 7,949.13

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,284, declined stock prices 821, unchanged stock prices 83, stock prices hitting new highs 8 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: Nucor (NYSE: NUE) stock price shed 3.40 points on the trading session, high on the trading session $33.89, low on the trading session $31.54, with a closing stock price at $33.55; Direxion Financial Bear 3X (NYSE: FAZ) stock price shed 7.04 points on the trading session, high on the trading session $45.02, low on the trading session $35.33, with a closing stock price at $35.59; Rio Tinto plc (NYSE: RTP) stock price shed 3.82 points on the trading session, high on the trading session $112.96, low on the trading session $107.54, with a closing stock price at $112.58; Potash (NYSE: POT) stock price gained 0.03 points on the trading session, high on the trading session $78.10, low on the trading session $73.27, with a closing stock price at $75.94; ProShares Ultrashort Financials (NYSE: SKF) stock price shed 16.88 points on the trading session, high on the trading session $150.49, low on the trading session $126.55, with a closing stock price at $127.92; CME Group (NYSE: CME) stock price gained 15.57 points on the trading session, high on the trading session $224.36, low on the trading session $192.06, with a closing stock price at $210.34; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 5.50 points on the trading session, high on the trading session $91.83, low on the trading session $85.00, with a closing stock price at $85.14.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,019, declined stock prices 724, unchanged stock prices 137, stock prices hitting new highs 5 and stock prices hitting new lows 53. 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: Strayer Education (NasdaqGS: STRA) stock price gained 8.43 points on the trading session, high on the trading session $161.95, low on the trading session $154.52, with a closing stock price at $158.88; First Solar (NasdaqGS: FSLR) stock price shed 8.89 points on the trading session, high on the trading session $118.79, low on the trading session $109.84, with a closing stock price at $115.97; Apple (NasdaqGS: AAPL) stock price gained 4.21 points on the trading session, high on the trading session $99.69, low on the trading session $95.07, with a closing stock price at $99.63; Baidu (NasdaqGS: BIDU) stock price gained 13.16 points on the trading session, high on the trading session $175.80, low on the trading session $158.00, with a closing stock price at $174.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 286, declined stock prices 266, unchanged stock prices 60, stock prices hitting new highs 3 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) June 09: End of trading session price 775.75; Change for the trading session 21.75
E-mini NASDAQ-100 (NQ) June 09: End of trading session price 1,190.25; Change for the trading session 38
E-mini DOW $5 (YM) June 09: End of trading session price 7,354; Change for the trading session 171
E-mini S&P MidCap 400 (MF) June 09: End of trading session price 466.40; Change for the trading session 16.50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7684 to U.S. Dollars 1.3014
Japanese Yen 98.54 to U.S. Dollars 0.0101
British Pound 0.7122 to U.S. Dollars 1.4041
Canadian Dollar 1.2685 to U.S. Dollars 0.7883
Swiss Franc 1.1822 to U.S. Dollars 0.8459

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (April 09) gained $1.81 on the trading session for a closing price of $49.16 per barrel ($US per barrel)
Heating Oil (April 09) gained $0.06 on the trading session for a closing price of $1.28 a gallon ($US per gallon)
Natural Gas (April 09) shed $0.04 on the trading session for a closing price of $3.81 per million BTU ($US per mmbtu.)
Unleaded Gas (April 09) gained $0.06 on the trading session for a closing price of $1.42 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 09) shed $5.20 on the trading session for a closing price of $916.80 ($US per Troy ounce)
Silver (May 09) shed $0.22 on the trading session for a closing price of $12.67 ($US per Troy ounce)
Platinum (April 09) gained $2.40 on the trading session for a closing price of $1,055.00 ($US per Troy ounce)
Copper (May 09) shed $0.02 on the trading session for a closing price of $1.72 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) no change on the trading session for a closing price of 74.08
Pork Bellies (May 09) gained 1.00 on the trading session for a closing price of 89.50
Live Cattle (June 09) shed 0.15 on the trading session for a closing price of 81.93
Feeder Cattle (May 09) gained 0.63 on the trading session for a closing price of 94.33

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 09) shed 1.00 on the trading session for a closing price of 390.50
Soybeans (May 09) gained 2.00 on the trading session for a closing price of 913.00

BOND MARKET:
2 year Bond Closing price 99 22/32, change -2/32, Yield 0.99, Yield change 0.02
5 year Bond closing price of 99 17/32, change -8/32, Yield 1.90, Yield change 0.06
10 year Bond closing price 97 28/32, change -12/32, Yield 2.95, Yield change 0.04
30 year Bond closing price 94 13/32, change -31/32, Yield 3.76, Yield change 0.06

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AIG Chart

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