Daily Market Commentary for February 21 2008 Millennium-Traders.Com
At the closing bell on the Stock Exchange here is how the major indices ended the session on the U.S. Markets:
DOW (Dow J Industrial Average) triple digit loss of 142.96 points on the day to end the session at 12284.30
NYSE (New York Stock Exchange) loss of 96.41 points to end the session at 8977.55
NASDAQ loss of 27.32 points for a close at 2299.78
S&P 500 loss of 17.50 points for a close at 1342.53
RUSSELL 2000 loss of 13.74 points to close at 696.28
FTSE All-World ex-U.S. gain of 0.18 points to close at 240.63
FTSE RAFI 1000 loss of 81.13 points to close at 5514.56
BEL 20 loss of 7.45 points to close at 3726.72
CAC 40 gain of 46.04 points to close at 4858.85
FTSE100 gain of 38.6 points to close at 5932.20
NIKKEI 225 gain of 377.9 points to close at 13688.30
On the NYSE today advancers came in at 848 decliners totaled 2302; unchanged came in at 80; new highs came in at 47 new lows came in at 52. Momentum stocks traded by active Day Traders on the NYSE today: CME Group Incorporated (CME) shed 5.06 points with a high on the day of $525.00 a low of $510.70 for a closing price at $516.44; Transocean Incorporated (RIG) shed 0.55 points with a high on the day of $140.36 a low of $136.61 for a closing price at $138.18; MEMC Electronic Materials Incorporated (WFR) gained 1.84 points with a high on the day of $82.40 a low of $78.00 for a closing price at $80.25; Ritchie Bros. Auctioneers Incorporated (RBA) shed 4.01 points with a high on the day of $81.48 a low of $67.20 for a closing price at $73.25; Safeway Incorporated (SWY) shed 2.28 points with a high on the day of $32.19 a low of $28.80 for a closing price at $29.66; Petroleo Brasileiro (PBR) shed 2.34 points with a high on the day of $121.89 a low of $117.80 for a closing price at $118.20; Terex Corporation (TEX) gained 4.52 points with a high on the day of $68.49 a low of $65.31 for a closing price at $66.73; ITT Educational Services Incorporated (ESI) shed 7.38 points with a high on the day of $67.81 a low of $57.66 for a closing price at $60.17; Giant Interactive Group Incorporated (GA) shed 0.36 points with a high on the day of $12.12 a low of $10.45 for a closing price at $10.97; Oil Services HOLDRs (OIH) shed 3.87 points with a high on the day of $176.55 a low of $171.61 for a closing price at $172.12; Potash Corp. of Saskatchewan Incorporated (POT) gained 0.87 points with a high on the day of $159.40 a low of $154.07 for a closing price at $156.87; Fluor Corporation (FLR) gained 3.18 points with a high on the day of $131.40 a low of $124.90 for a closing price at $128.15; Mosaic Corporation (MOS) shed 2.29 points with a high on the day of $116.00 a low of $110.60 for a closing price at $111.75; Clevel-Cliffs Incorporated (CLF) shed 2.32 points with a high on the day of $127.33 a low of $119.38 for a closing price at $119.76; CF Industries Holdings Incorporated (CF) shed 4.04 points with a high on the day of $128.31 a low of $122.11 for a closing price at $122.96; United States Steel Corporation (X) shed 4.78 points with a high on the day of $113.13 a low of $106.80 for a closing price at $107.51.
On the NASDAQ today advanced totaled 886; decliners totaled 2062; unchanged came in at 114; new highs came in at 27 new lows came in at 147. Momentum stocks traded by active Day Traders on the NASDAQ today: Google Incorporated (GOOG) shed 6.14 points with a high on the day of $513.21 a low of $499.50 for a closing price at $502.86; Research In Motion Limited (RIMM) gained 8.78 points with a high on the day of $109.20 a low of $105.71 for a closing price at $106.69; VASCO Data Security International Incorporated (VDSI) shed 6.88 points with a high on the day of $13.12 a low of $11.22 for a closing price at $11.39; Baidu.com Incorporated (BIDU) shed 4.50 points with a high on the day of $251.73 a low of $239.79 for a closing price at $242.70; 3SBio Incorporated (SSRX) shed 3.31 points with a high on the day of $8.92 a low of $7.57 for a closing price at $8.39; First Solar Incorporated (FSLR) shed 5.41 points with a high on the day of $219.01 a low of $209.64 for a closing price at $211.59; Garmin Limited (GRMN) shed 1.75 points with a high on the day of $65.50 a low of $62.50 for a closing price at $62.72; Itron Incorporated (ITRI) gained 13.01 points with a high on the day of $92.00 a low of $83.95 for a closing price at $88.50; Hardinge Incorporated (HDNG) shed 4.16 points with a high on the day of $15.25 a low of $12.01 for a closing price at $12.20; Apollo Group Incorporated (APOL) shed 5.97 points with a high on the day of $68.94 a low of $61.81 for a closing price at $63.21; Apple Incorporated (AAPL) shed 2.28 points with a high on the day of $126.47 a low of $120.86 for a closing price at $121.54; Lululemon Athletica Incorporated (LULU) shed 3.48 points with a high on the day of $31.40 a low of $26.41 for a closing price at $27.03; VSE Corporation (VSEC) gained 3.14 points with a high on the day of $29.68 a low of $24.15 for a closing price at $27.49; Hologic Incorporated (HOLX) shed 2.32 points with a high on the day of $62.69 a low of $58.66 for a closing price at $59.56; Team Incorporated (TISI) shed 3.28 points with a high on the day of $30.90 a low of $26.12 for a closing price at $27.46; Strayer Education Incorporated (STRA) shed 14.97 points with a high on the day of $173.37 a low of $154.97 for a closing price at $157.60; Boston Private Financial Holdings Incorporated (BPFH) shed 5.33 points with a high on the day of $17.16 a low of $14.19 for a closing price at $14.72; Amazon.com Incorporated (AMZN) shed 3.74 points with a high on the day of $74.21 a low of $69.37 for a closing price at $69.90; DryShips Incorporated (DRYS) gained 3.92 points with a high on the day of $86.93 a low of $81.55 for a closing price at $85.65; Ansys Incorporated (ANSS) gained 2.06 points with a high on the day of $40.75 a low of $37.04 for a closing price at $37.56; Psychiatric Solutions Incorporated (PSYS) shed 4.03 points with a high on the day of $30.00 a low of $27.17 for a closing price at $27.65.
U.S. Conference Board data released today: January Lagging Index remains unchanged; January Coincident Index rose 0.1%; January Leading Index fell 0.1%.
Philadelphia Fed February New Orders fell 10.9 versus January drop by 15.2; Philadelphia Fed February Employment came in at 2.5 versus January drop by 1.5; Philadelphia Fed February Price Paid came in at46.6 versus January reading at 49.8; Philadelphia Fed February Price Received came in at24.3 versus January reading at 32.0.
Department of Energy released Crude Oil Inventories today: U.S. Crude Oil Stockpiles rose 4.2 Million Barrels in the week compared to expectations of an increase by 2.9 Million Barrels; U.S. Gasoline Stockpiles rose by 1.1 Million Barrels in the week compared to expectations of an increase by 1 Million Barrels; U.S. Distillate Stockpiles fell by 4.5 Million Barrels in the week compared to expectations of a drop by 1.5 Million Barrels; U.S. Refineries ran at capacity of 83.5%ompared to expectations of a drop by 0.1 Pts at 85.0%.
U.S. Jobless Claims fell 9K to 349K in week of February 16 compared to survey of an increase by 1K; U.S. Continuing Claims for week of February 9 increased by 48K to 2784000; U.S. Jobless Claims for week of February 9 Week revised to 358K 348K; U.S. Jobless Claims 4-Week average highest since October 2005; U.S. Continuing Claims Highest Since October 2005.
Commodities Markets
The trend was lower across the board today for the Energy Sector: Light crude moved lower today by $1.47 to close at $98.23 a barrel; Heating Oil moved lower today by $0.02 to close at $2.72 a gallon; Natural Gas moved lower today by $0.05 to close at $8.92 per million BTU Unleaded Gas moved lower today by $0.02 to close at $2.56 a gallon.
Metals Markets ended the session higher across the board today: Gold moved higher today by $11.00 to close at $948.80 a Troy ounce; Silver moved higher today by $0.19 to close at $17.95 per Troy ounce; Platinum moved sharply higher today by $49.40 to close at $2188.20 per Troy ounce Copper closed higher by $0.10 to close at $3.82 per pound.
On the Livestock Meat Markets the trend was lower across the board today: Lean Hogs ended the day lower by $1.08 to close at $64.00; Pork Bellies ended the day lower by $0.45 to close at $94.50; Live Cattle ended the day lower by $0.45 to close at $94.50 Feeder Cattle ended the day lower by $0.65 at $108.10.
Other Commodities: Corn ended the day higher by $1.50 at $537.75 Soybeans moved higher today by $7.75 to end the session at $1424.75.
Bonds were higher across the board today: 2 year bond moved higher by 10/32 to close at 100 9/32; 5 year bond moved higher by 27/32 to close at 100 11/32 today; 10 year bond moved higher by 1 to close at 97 24/32 the 30 year bond moved higher by 1 2/32 to close at 97 9/32 on the day.
The e-mini Dow ended the session today at 12268 with a loss of 161 points on the trading session. The total Dow Exchange Volume for the day came in at 220118 which are comprised of Electronic Open Auction Cash Exchange. Traders should review workshops available at the CBOT (Chicago Board of Trade) Educational in-person seminars schedules available on CBOT (Chicago Board of Trade) website.
The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures Options (EVFO) including Electronic Open Auction Cash Exchange ended the day at 6397374; Open Interest for Futures moved lower by 99643 points to close at 10780569; the Open Interest for Options moved higher by 146453 points to close at 10773111 the Cleared Only closed higher by 445 points to close at 27104 for a total Open Interest on the day of 21580784 for a total Change on the day with a gain of 47265 points.
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