Millennium-Traders.com Market Commentary

[MTnews]

Market Commentary for October 29, 2007 from Millennium-Traders.Com

A rather quiet trading session but, typical for a Monday. The Bulls had control of the trading action, with the major indices clearing riding in the green zone, through out the trading session. Trading ranges were fairly tight and trading volume was light. Not much news to create any ruckus in the markets and investors seem to have snuggled up to the sidelines ahead of the FOMC announcement on Interest Rates, on Wednesday. Crude oil moved over $93.00 a barrel, continuing the fear of what’s ahead at the gas pumps.

At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a gain of 63.56 points on the day to end the session at 13,870.26; the NYSE (New York Stock Exchange) posted a gain of 67.09 points to end the session at 10,256.22; the NASDAQ posted a gain of 13.25 points for a close at 2,817.44; the S&P 500 moved higher by 5.70 points to end at 1,540.98 and the RUSSELL 2000 moved higher by 0.33 points to close at 821.72. The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the world’s investable market capitalization) posted a gain of 2.82 points to close at 277.66 and the FTSE RAFI 1000 posted a gain of 23.15 points to close at 6,316.35.

Commodities Markets
The trend was higher across the board today for the Energy Sector: Light crude moved higher today by $1.67 to close at $93.53 a barrel; Heating Oil closed higher by $0.03 today at $2.48 a gallon; Natural Gas moved higher today by $0.17 to close at $7.97 per million BTU and Unleaded Gas moved higher today by $0.05 to close at $2.33 a gallon.
Metals Market ended the session mixed across the board today: Gold moved higher today by $5.10 to close at $792.60 an ounce; Silver moved higher by $0.15 to close at $14.43 per ounce; Platinum moved lower today by $3.60 to close at $1,465.50 an ounce and Copper closed lower by $0.02 today at $3.52 per pound.

On the Livestock and Meat Markets, the trend was mostly higher across the board today: Lean Hogs ended the day lower by $0.05 to close at $54.48; Pork Bellies ended the day higher by $0.58 at $84.10; Live Cattle ended the day higher by $0.23 at $95.35 and Feeder Cattle ended the day higher by $0.70 at $108.90.

Other Commodities: Corn moved higher today by $4.00 to close at $376.00 and Soybeans moved sharply higher today by $15.50 to end the session at $1,028.75.

Bonds were mostly higher across the board today: 2 year bond moved lower by 1/32 today to close at 99 21/32; 5 year bond moved higher by 2/32 to close at 99 7/32 today; 10 year bond moved higher by 7/32 today to close at 102 29/32 and the 30 year bond closed higher by 8/32 at 105 13/32 for the day.

The e-mini Dow ended the session today at 13,908 with a gain of 60 points on the trading session. The total Dow Exchange Volume for the day came in at 155,558 which are comprised of Electronic, Open Auction and 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 and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 3,623,736; Open Interest for Futures moved lower by 92,718 points to close at 9,634,952; the Open Interest for Options moved lower by 878,578 points to close at 8,157,446 and the Cleared Only closed higher by 36 points at 10,068 for a total Open Interest on the day of 17,802,466 for a total Change on the day with a loss of 971,260 points.

On the NYSE today, advancers came in at 1,846 decliners totaled 1,404 unchanged came in at 119; new highs came in at 311 and new lows came in at 69. Gainers and losers for the day as well as active day trading stocks on the NYSE: PetroChina Company Limited (PTR) posted a favorable gain of 7.83 points with a high on the day of $254.88, a low of $248.00 with a final trading price at $254.30; Suntech Power Holdings Corporation Limited (STP) provided nice day trading action for the active day trader with a high on the session of $62.18, a low of $54.80 with a gain on the day of 6.74 points to tack on 12.22% for a final trading price at $61.90; Office Depot Incorporated (ODP) moved lower on the session to shed 13.75% for a loss of 2.79 points for a closing price of $17.50; Morton’s Restaurant Group Incorporated (MRT) posted a hefty loss of 17.49% to move lower by 3.01 points with a closing price of $14.20; Longtop Financial Technologies Limited (LFT) shed 10.52% on the session for a loss of 3.15 points with a high on the day of $31.22, a low of $26.05 for a closing price at $26.80 and Goldman Sachs Group Incorporated (GS) pounced higher on the day for a gain of 7.94 points with a high on the trading session of $244.98, a low of $235.07 with a closing price of $243.86.

On the NASDAQ today, advanced totaled 1,497; decliners totaled 1,483; unchanged came in at 134; new highs came in at 171 and new lows came in at 117. Gainers and losers for the day as well as, active day trading stocks on the NASDAQ: China Sunergy Company Limited (CSUN) bolted higher on the day with a gain of 28.15% to tack on 2.57 points with a closing price at $11.70; CTC Media Incorporated (CTCM) soared higher on the day to post a gain of 19.18% for a climb higher by 4.14 points with a final trading price at $25.72; Winn-Dixie Stores Incorporated (WINN) tacked on a nice gain of 19.07% for a gain of 3.55 points with a high on the day of $22.93, a low of $18.89 to close at $22.17; Schnitzer Steel Industries Incorporated (SCHN) tumbled lower on the day to shed 12.01 points for a loss on the day of 15.44% with a high on the day of $70.01, a low of $64.55 for a final trading price at $65.76; Baidu.com Incorporated (BIDU) soared higher on the day with a gain of 12.02 points with a high on the session of $367.75, a low of $357.29 for a final trading price at the bell of $365.41.

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[MTnews]

Happy Halloween to everyone and hope you all enjoy your fair share of trick or treating. The Bulls had control of the markets today holding nicely in positive territory through out the session. After the Fed announced the cut in short term interest rates by 25 Basis Points, the markets surged higher during the final hours of trading. Crude Oil surged over $94 a barrel today due to the drawdown of Crude Oil supplies. The economy continues to deal with the ongoing housing slump that initiated the first rate cut by the Fed at their last meeting. The drop in interest rates was an effort by the Fed to improve confidence in our ever slowing economic conditions that has struck not only the housing market but also the automotive and financial industries.

At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a favorable triple digit gain of 137.54 points on the day to end the session at 13,930.01; the NYSE (New York Stock Exchange) posted a triple digit gain of 146.64 points to end the session at 10,311.61; the NASDAQ posted a gain of 42.41 points for a close at 2,859.12: the S&P 500 moved higher by 18.36 points to end at 1,549.38 and the RUSSELL 2000 moved higher by 11.87 points to close at 828.02. The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the world’s investable market capitalization) posted a gain of 3.12 points to close at 279.36 and the FTSE RAFI 1000 posted a gain of 76.21 points to close at 6,354.91.

Federal Open Market Committee released their decision on short term interest rates today: Fed Cuts Discount Rate by 0.25 Basis Points to 5.00% ; Fed Cuts Fed Funds Rate 0.25 Basis Points to 4.50%; Growth, Inflation Risks Balanced; Voted 9-1 for Fed Funds Rate Cut, Hoenig Dissented; Housing likely to Slow Pace of Economic Expansion; Strains in Financial Markets have Eased "Somewhat"; Commodities, Energy put Upward Pressure on Inflation; Upside Inflation Risks Balance Downside Growth Risk; Rate Cuts should Protect Economy from Financial Market Turmoil; Some Inflation Risks Remain, will Continue to Monitor and Will Act "As Needed" to Foster Price Stability, Growth.

ADP Sees October U.S. Private Sector Jobs rise by 106,000.

U.S. Third Quarter Employment Cost Index rose by 0.8% compared to consensus of an increase by 0.9%; U.S. Third Quarter Employment Cost Index rose by 3.3% from year ago; U.S. GDP rose at rate of 3.9% Third Quarter compared to consensus of an increase by 3.2%; Real Final Sales rose 3.5% in Third Quarter; PCE Price Index rose at rate of 1.7% in Third Quarter and Domestic Purchases Price Index rose at rate of 1.6% in Third Quarter.

US MBA Market Index Rises 3.8% to 681.7 from 656.5; US MBA Purchase Index Falls 0.7% to 412.9 from 415.9 and US MBA Refinancing Index Rises 9.2% to 2249 from 2059.3.

Department of Energy released Crude Oil Stockpiles information today: U.S. Crude Oil Stockpiles fell by 3.9 Million Barrels in the week compared to expectations of a rise by 100,000 Barrels; U.S. Gasoline Stockpiles rose by 1.3 Million Barrels in the week compared to expectations of a drop by 400,000 Barrels and U.S. Distillate Stockpiles by 800,000 Barrels in the week compared to expectations of a drop of 1 Million Barrels.

Commodities Markets
The trend was higher across the board today for the Energy Sector: Light crude moved sharply higher today by $4.15 to close at $94.53 a barrel; Heating Oil closed higher by $0.09 today at $2.53 a gallon; Natural Gas moved higher today by $0.31 to close at $8.33 per million BTU and Unleaded Gas moved higher today by $0.09 to close at $2.34 a gallon.

Metals Market ended the session mostly higher across the board today: Gold moved higher today by $8.20 to close at $796.00 an ounce; Silver moved higher by $0.13 to close at $14.46 per ounce; Platinum moved nicely higher today by $6.70 to close at $1,447.60 an ounce and Copper closed lower by $0.01 today at $3.47 per pound.

On the Livestock and Meat Markets, the trend was mostly lower across the board today: Lean Hogs ended the day lower by $0.03 to close at $53.88; Pork Bellies ended the day higher by $1.00 at $84.05; Live Cattle ended the day lower by $0.80 at $94.93 and Feeder Cattle ended the day lower by $1.45 at $108.40.

Other Commodities: Corn moved higher today by $5.25 to close at $375.50 and Soybeans moved sharply higher today by $16.50 to end the session at $1,025.75.

Bonds were lower across the board today: 2 year bond moved lower by 8/32 today to close at 99 12/32; 5 year bond moved lower by 17/32 to close at 99 22/32 today; 10 year bond moved lower by 22/32 today to close at 102 6/32 and the 30 year bond closed lower by 1 6/32 at 104 for the day.

The e-mini Dow ended the session today at 13,932 with a gain of 110 points on the trading session. The total Dow Exchange Volume for the day came in at 106,638 which are comprised of Electronic, Open Auction and 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 and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 2,942,363; Open Interest for Futures moved higher by 5,293 points to close at 9,784,792; the Open Interest for Options moved higher by 210,053 points to close at 8,533,664 and the Cleared Only closed higher by 1,171 points at 11,110 for a total Open Interest on the day of 18,329,566 for a total Change on the day with a gain of 210,517 points.

On the NYSE today, advancers came in at 2,404 decliners totaled 878 unchanged came in at 85; new highs came in at 263 and new lows came in at 79. Gainers and losers for the day as well as active day trading stocks on the NYSE: MasterCard Incorporated (MA) soared higher on the trading session to post a sharp gain of 32.76 points to rise higher by 20.85% with a high on the trading session of $194.78, a low of $174.10 for a final trading price at $189.91; PetroChina Company Limited (PTR) pounded the street to climb higher today by 16.90 points with a high on the day of $263.47, a low of $250.45 for a closing price at the bell of $262.60; FTSE/Xinhua China (FXI) bolted higher on the day to post a gain of 7.09 points with a high on the session of $219.56, a low of $212.40 with a closing price of $218.51; China Petroleum & Chemical Corporation (SNP) posted a sharp gain on the day of 15.79 points for a gain of 10.52% with a high on the day of $169.00, a low of $150.60 for a final trading price at the bell of $165.91 and CommScope Incorporated (CTV) posted a loss today of 5.03 points with a final trading price at $47.17.
On the NASDAQ today, advanced totaled 1,937; decliners totaled 1,068; unchanged came in at 114; new highs came in at 123 and new lows came in at 122. Gainers and losers for the day as well as, active day trading stocks on the NASDAQ: Equinix Incorporated (EQIX) roared higher on the trading day to post a nice gain of 15.72 points for a gain of 15.78% with a high on the trading day of $121.13, a low of $112.00 for a closing price at the bell of $115.24; Shutterfly Incorporated (SFLY) posted a loss on the session of 3.08 points for a closing price at the bell of $33.32; Wynn Resorts Limited (WYNN) moved sharply lower on the trading day for a loss of 8.04 points with a high on the day of $162.75, a low of $155.00 with a final trading price of $159.85; SiRF Technology Holdings Incorporated (SIRF) moved nicely higher on the day with a gain of 6.52 points to climb higher by 27.98% for a closing price at $29.82; FARO Technologies Incorporated (FARO) posted a heavy loss of 9.32 points for a move lower by 24.47% with a high on the day of $31.10, a low of $25.25 for a final trading price of $28.76; Buffalo Wild Wings Incorporated (BWLD) took a sharp dive on the session with a loss of 8.25 points to shed 21.20% for a closing price of $30.66; Huron Consulting Group Incorporated (HURN) fell hard today with a loss of 10.28 points to shed 12.82% with a high on the session of $70.50, a low of $58.35 for a final price at the bell of $69.88; Garmin Limited (GRMN) shed 13.08 points on the day for a loss of 10.86% with a high on the day of $116.00, a low of $106.88 for a final trading price at $107.40 and DryShips Incorporated (DRYS) made a nice rebound today to tack on 9.86 points with a high on the day of $119.25, a low of $110.16 for a closing price of $117.86.

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[Stocktrading101]

Very solid review, thanks for posting this MT !

[MTnews]

As we began the month of November, the markets were controlled by the Bears. Losses were heavy across the board on growing concerns one of which is that we could be headed for a recession. Continued concerns over the skyrocketing price of Crude Oil and over all economic conditions being felt across the nation due to housing concerns, added to the surge into lower territory today, just a day after the Federal Reserve cut short termed interest rates by 25 basis points. Across the board, markets road in the deep red territory with triple digit losses the common par for the course. Today, the Dows’ loss was its heaviest since mid October. Trading volumes were heavy amidst the strong sell off today. All eyes will be on the markets tomorrow to see if the street has the strength to post a rebound or, dig a deeper trench in yet lower territory.

At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a heavy triple digit loss of 362.14 points on the day to end the session at 13,567.87; the NYSE (New York Stock Exchange) posted a hefty triple digit loss of 289.53 points to end the session at 10,022.02; the NASDAQ posted a loss of 64.29 points for a close at 2,794.83: the S&P 500 moved lower by 40.94 points to end at 1,508.44 and the RUSSELL 2000 moved lower by 32.84 points to close at 822.61. The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the world’s investable market capitalization) posted a loss of 4.59 points to close at 274.51 and the FTSE RAFI 1000 posted a hefty triple digit loss of 171.78 points to close at 6,183.13.

U.S. ISM October Manufacturing Business Index came in at 50.9; U.S. ISM October Manufacturing Business Index was expected to came in at 51.6; U.S. ISM October Manufacturing Business Index came in at 50.9 versus September reading at 52.0; U.S. ISM October Prices Index came in at 63.0 versus September reading at 59.0; U.S. ISM October Employment Index came in at 52.0 versus September reading at 51.7; U.S. ISM October New Orders Index came in at 52.5 versus September reading at 53.4; U.S. ISM October Production Index came in at 49.6 versus September reading at 54.6; U.S. ISM Factory Activity was weakest since March 2007; U.S. ISM Factories hit by Financial and Housing Troubles.

U.S. Continuing Claims for week of October 20 rose by 65K to 2,588,000 and for week of October 27 U.S. Jobless Claims fell by 6K to 327K compared to expectations of a drop by 1K.

U.S. Personal Spending rose by 0.3% in September compared to consensus of an increase by 0.4%; U.S. Personal Income rose by 0.4% in September compared to consensus of an increase by 0.4%; September PCE Price Index rose at a rate of 0.2% on the month; September PCE Price Index rose at a rate of 2.4% on the year; September PCE Core Price Index rose at a rate of 0.2% on the month; September PCE Core Price Index rose at a rate of 1.8% on the year; August Spending was Revised to an increase by 0.5% from an increase by 0.6% and August Personal Income was Revised to an increase by 0.4% from an increase by 0.3%.

Steel Statement on Basel II Final Rule
Washington - Treasury Under Secretary for Domestic Finance Robert K. Steel issued the following statement today regarding U.S. regulators' release of the final Basel II rule: "Treasury applauds the U.S. financial regulators for their cooperation in writing a final Basel II rule. This achievement will modernize our bank capital regime to uphold the competitiveness of American capital markets while maintaining and enhancing safeguards for our institutions and the broader financial system. Secretary Paulson has long said that certainty on Basel II was a necessary component of any plan to strengthen the competitiveness of U.S. capital markets, and we are pleased that the regulators worked tirelessly to complete this complex task."

Commodities Markets
The trend was mixed across the board today for the Energy Sector: Light crude lower today by $1.04 to close at $93.49 a barrel; Heating Oil closed lower by $0.02 today at $2.51 a gallon; Natural Gas moved higher today by $0.31 to close at $8.64 per million BTU and Unleaded Gas moved higher today by $0.01 to close at $2.34 a gallon.

Metals Market ended the session mostly lower across the board today: Gold moved lower today by $1.60 to close at $793.70 an ounce; Silver moved lower by $0.11 to close at $14.33 per ounce; Platinum moved higher today by $3.20 to close at $1,450.80 an ounce and Copper closed lower by $0.11 today at $3.36 per pound.

On the Livestock and Meat Markets, the trend was lower across the board today: Lean Hogs ended the day lower by $1.63 to close at $52.25; Pork Bellies ended the day lower by $2.35 at $81.70; Live Cattle ended the day lower by $0.83 at $94.10 and Feeder Cattle ended the day lower by $0.10 at $108.30.

Other Commodities: Corn moved sharply lower today by $6.75 to close at $375.50 and Soybeans moved sharply lower today by $19.25 to end the session at $1,006.50.

Bonds were higher across the board today: 2 year bond moved higher by 11/32 today to close at 99 23/32; 5 year bond moved higher by 21/32 to close at 99 11/32 today; 10 year bond moved higher by 31/32 today to close at 103 4/32 and the 30 year bond closed higher by 1 25/32 at 105 24/32 for the day.

The e-mini Dow ended the session today at 13,603 with a hefty loss of 333 points on the trading session. The total Dow Exchange Volume for the day came in at 195,123 which are comprised of Electronic, Open Auction and 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 and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 4,494,239; Open Interest for Futures moved lower by 60,499 points to close at 9,724,293; the Open Interest for Options moved higher by 218,262 points to close at 8,751,921 and the Cleared Only closed higher by 178 points at 11,288 for a total Open Interest on the day of 18,487,502 for a total Change on the day with a gain of 157,941 points.

On the NYSE today, advancers came in at 444 decliners totaled 2,846; unchanged came in at 62; new highs came in at 153 and new lows came in at 179. Gainers and losers for the day as well as active day trading stocks on the NYSE: MasterCard Incorporated (MA) was active again today with a high of $198.55, a low of $185.35 with a minor loss at the close of 0.43 points for a final trading price of $189.47; PetroChina Company Limited (PTR) took a tumble of 13.60 points on the day with a high on the session at $255.33, a low of $243.81 with a closing price of $249.00; Bunge Limited (BG) moved sharply lower on the day to post a loss of 12.08 points to shed 10.49% with a high on the day of $111.31, a low of $102.20 with a closing price at $103.11; General Cable Corporation (BGC) posted a loss of 10.21% to shed 7.35 points on the day with a high at $67.38, a low of $62.16 for a final trading price at $64.64; Acuity Brands Incorporated (AYI) tumbled lower on the session with a loss of 19.44% to shed 9.29 points with a final price at the bell at $38.51; POSCO (PKX) plummeted on the trading session to post a loss of 17.76 points with a high on the day of $171.82, a low of $165.05 for a close at $165.99; FTSE/Xinhua China (FXI) moved lower today by 10.18 points with a high of $212.97, a low of $206.64 for a closing price of $208.33 and Goldman Sachs Group Incorporated (GS) took a hit today with a loss of 7.71 points with a high on the day of $244.41, a low of $238.75 for a closing price at $241.21.

On the NASDAQ today, advanced totaled 568; decliners totaled 2,485; unchanged came in at 90; new highs came in at 82 and new lows came in at 239. Gainers and losers for the day as well as, active day trading stocks on the NASDAQ: ManTech International (MANT) posted a gain of 2.68 points with a high on the session of $48.45, a low of $42.08 with a final trade at $42.44; Crocs Incorporated (CROX) literally tumbled on the trading day to post a loss of 27.01 points to shed 36.13% with a high on the trading session of $55.86, a low of $47.37 with a final trading price of $47.74; United Therapeutics Corporation (UTHR) soared higher on the session by 25.67 points for a gain of 37.51% with a high on the day of $96.74, a low of $88.79 for a closing price at $94.11; Plexus Corporation (PLXS) moved nicely higher by 5.50 points with a gain by 21.32% for a high on the day of $32.47, a low of $29.70 with a closing price at the bell of $31.30 and Smith Micro Software Incorporated (SMSI) posted a hefty loss on the session of 4.66 points to lose 30.24% with a final trading price at $10.75.

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[MTnews]

The markets made a rebound today just a day after the sharp sell off yesterday. Trading volume was moderate to heavy but definitely lighter than that of yesterday’s session. Crude Oil continued its surge into higher territory today and we saw Gold strike a level not seen since 1980. Jobs data released today, set a much better tone for the markets, with the Bears maintaining a majority of control over the session today. At the close, the Bulls stepped forward with the major indices moving into positive territory for the close of the week.

At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a gain of 27.23 points on the day to end the session at 13,595.10; the NYSE (New York Stock Exchange) posted a gain of 30.18 points to end the session at 10,052.26; the NASDAQ posted a gain of 15.55 points for a close at 2,810.38; the S&P 500 moved higher by 1.21 points to end at 1,509.65 and the RUSSELL 2000 moved higher by 2.60 points to close at 797.78. The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the world’s investable market capitalization) posted a loss of 1.02 points to close at 273.50 and the FTSE RAFI 1000 posted a gain of 2.48 points to close at 6,180.65.

U.S. October overall Workweek changed by 0.0 Hour to 33.8 Hours; U.S. September Unemployment was left Unrevised at 4.7% and U.S. September Payrolls were revised to an increase by 96K from an increase by 110K.

U.S. October Manufacturing Payrolls fell by 21K; U.S. October Service-Producing Payrolls rose by 190K; U.S. October Average Hourly Earnings rose by $0.03 to $17.58; U.S. October Unemployment Rate came in at 4.7% compared to consensus of 4.7% and U.S. October Non-farm Payrolls rose by 166K compared to consensus of an increase by 80K.

U.S. Factory Orders rose by 0.2% in September compared to consensus of a drop by 0.5%; September Factory Orders, Excluding Transportation rose by 1.4%; September Factory Orders, Excluding Defense rose by 1.3%; September Durable Goods were left unrevised at a drop by 1.7% and August Factory Orders were revised to a decrease by 3.5% from a decrease by 3.3%.

Commodities Markets
The trend was mostly higher the board today for the Energy Sector: Light crude moved higher today by $2.44 to close at $95.93 a barrel; Heating Oil closed higher by $0.06 today at $2.57 a gallon; Natural Gas moved lower today by $0.22 to close at $8.42 per million BTU and Unleaded Gas moved higher today by $0.10 to close at $2.44 a gallon.

Metals Market ended the session mostly higher across the board today: Gold moved nicely higher today by $14.80 to close at $808.50 an ounce; Silver moved higher by $0.27 to close at $14.60 per ounce; Platinum moved sharply higher today by $11.90 to close at $1,462.70 an ounce and Copper closed lower by $0.04 today at $3.33 per pound.

On the Livestock and Meat Markets, the trend was mostly higher across the board today: Lean Hogs ended the day higher by $0.18 to close at $52.43; Pork Bellies ended the day higher by $3.00 at $84.70; Live Cattle ended the day higher by $0.63 at $94.73 and Feeder Cattle ended the day lower by $0.38 at $107.93.

Other Commodities: Corn moved sharply higher today by $8.25 to close at $377.00 and Soybeans moved sharply higher today by $10.25 to end the session at $1,016.75.

Bonds were higher across the board again today: 2 year bond moved higher by 5/32 today to close at 99 28/32; 5 year bond moved higher by 9/32 to close at 99 20/32 today; 10 year bond moved higher by 9/32 today to close at 103 13/32 and the 30 year bond closed higher by 10/32 at 106 2/32 for the day.

The e-mini Dow ended the session today at 13,644 with a gain of 36 points on the trading session. The total Dow Exchange Volume for the day came in at 237,351 which are comprised of Electronic, Open Auction and 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 and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 5,434,598; Open Interest for Futures moved higher by 197,027 points to close at 9,921,320; the Open Interest for Options moved higher by 115,523 points to close at 8,639,471 and the Cleared Only closed higher by 221 points at 11,509 for a total Open Interest on the day of 18,572,300 for a total Change on the day with a gain of 312,771 points.

On the NYSE today, advancers came in at 1,519 decliners totaled 1,743; unchanged came in at 95; new highs came in at 103 and new lows came in at 292. Gainers and losers for the day as well as active day trading stocks on the NYSE: PetroChina Company Limited (PTR) moved nicely higher on the session to post a gain of 6.06 points with a high on the day of $257.48, a low of $248.64 with a closing price at $255.06; Goldman Sachs Group Incorporated (GS) continued their southbound trend today with a loss of 10.61 points with a high on the day of $241.80, a low of $223.44 for a final trading price at $229.60; Allegheny Technologies Incorporated (ATI) romped higher to post a gain of 4.00 points with a high on the day of $101.30, a low of $96.59 with a closing price of $100.47; Las Vegas Sands Corporation (LVS) took quite a hit on the session to shed 8.53 points with a high at $117.20, a low at $108.89 for a closing price at $116.77; WellCare Health Plans Incorporated (WCG) posted a rebound today for a gain of 4.50 points with a gain of value of 19.68% with a high on the day of $27.93, a low of $23.01 to end the day at $27.37; Flowserve Corporation (FLS) powered higher on the day with a gain of 12.94 points to tack on 17.16% with a high of $90.00, a low of $80.02 with a closing price at the bell of $88.33;Marshall & Llsley Corporation (MI) tumbled hard on the day with a loss by 22.58% to shed 9.11 points with a final trading price at $31.23 and Ambac Financial Group Incorporated (ABK) took a hit today by 20.87% to lose 6.17 points with a high of $28.30, a low of $21.62 with a closing price at the bell of $23.40.

On the NASDAQ today, advanced totaled 1,465; decliners totaled 1,517; unchanged came in at 121; new highs came in at 60 and new lows came in at 281. Gainers and losers for the day as well as, active day trading stocks on the NASDAQ: GFI Group Incorporated (GFIG) powered higher on the day to tack on 8.35 points with a climb higher by 10.17% with a high on the day of $96.18, a low of $85.06 for a closing price at $90.51; Itron Incorporated (ITRI) took a hard loss on the day by 18.25 points to shed 18.07% with a high on the day of $86.67, a low of $79.40 with a final trading price at $82.79; RadiSys Corporation (RSYS) posted a gain of 3.32 points with a final trading price at $16.91; Cognex Corporation (CGNX) moved higher on the day by 3.89 points to tack on 23.13% with a closing price at the bell of $20.72; Baidu.com Incorporated (BIDU) soared higher on the trading session for a gain of 23.55 points with a high on the day of $409.00, a low of $387.64 with a final trading price at the bell of $409.50; Synaptics Incorporated (SYNA) powered higher on the day for a gain of 9.63 points to tack on 19.09% with a closing price at the bell of $60.07; Wright Medical Group Incorporated (WMGI) tacked on 3.98 points for a gain of 15.61% to end the day at $29.37 and Insight Enterprises Incorporated (NSIT) moved lower by 6.33 points to shed 23.93% on the day for a final trading price of $20.13.

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[MTnews]

The markets made a rebound today just a day after the sharp sell off yesterday. Trading volume was moderate to heavy but definitely lighter than that of yesterday’s session. Crude Oil continued its surge into higher territory today and we saw Gold strike a level not seen since 1980. Jobs data released today, set a much better tone for the markets, with the Bears maintaining a majority of control over the session today. At the close, the Bulls stepped forward with the major indices moving into positive territory for the close of the week.

At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a gain of 27.23 points on the day to end the session at 13,595.10; the NYSE (New York Stock Exchange) posted a gain of 30.18 points to end the session at 10,052.26; the NASDAQ posted a gain of 15.55 points for a close at 2,810.38; the S&P 500 moved higher by 1.21 points to end at 1,509.65 and the RUSSELL 2000 moved higher by 2.60 points to close at 797.78. The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the world’s investable market capitalization) posted a loss of 1.02 points to close at 273.50 and the FTSE RAFI 1000 posted a gain of 2.48 points to close at 6,180.65.

U.S. October overall Workweek changed by 0.0 Hour to 33.8 Hours; U.S. September Unemployment was left Unrevised at 4.7% and U.S. September Payrolls were revised to an increase by 96K from an increase by 110K.

U.S. October Manufacturing Payrolls fell by 21K; U.S. October Service-Producing Payrolls rose by 190K; U.S. October Average Hourly Earnings rose by $0.03 to $17.58; U.S. October Unemployment Rate came in at 4.7% compared to consensus of 4.7% and U.S. October Non-farm Payrolls rose by 166K compared to consensus of an increase by 80K.

U.S. Factory Orders rose by 0.2% in September compared to consensus of a drop by 0.5%; September Factory Orders, Excluding Transportation rose by 1.4%; September Factory Orders, Excluding Defense rose by 1.3%; September Durable Goods were left unrevised at a drop by 1.7% and August Factory Orders were revised to a decrease by 3.5% from a decrease by 3.3%.

Commodities Markets
The trend was mostly higher the board today for the Energy Sector: Light crude moved higher today by $2.44 to close at $95.93 a barrel; Heating Oil closed higher by $0.06 today at $2.57 a gallon; Natural Gas moved lower today by $0.22 to close at $8.42 per million BTU and Unleaded Gas moved higher today by $0.10 to close at $2.44 a gallon.

Metals Market ended the session mostly higher across the board today: Gold moved nicely higher today by $14.80 to close at $808.50 an ounce; Silver moved higher by $0.27 to close at $14.60 per ounce; Platinum moved sharply higher today by $11.90 to close at $1,462.70 an ounce and Copper closed lower by $0.04 today at $3.33 per pound.

On the Livestock and Meat Markets, the trend was mostly higher across the board today: Lean Hogs ended the day higher by $0.18 to close at $52.43; Pork Bellies ended the day higher by $3.00 at $84.70; Live Cattle ended the day higher by $0.63 at $94.73 and Feeder Cattle ended the day lower by $0.38 at $107.93.

Other Commodities: Corn moved sharply higher today by $8.25 to close at $377.00 and Soybeans moved sharply higher today by $10.25 to end the session at $1,016.75.

Bonds were higher across the board again today: 2 year bond moved higher by 5/32 today to close at 99 28/32; 5 year bond moved higher by 9/32 to close at 99 20/32 today; 10 year bond moved higher by 9/32 today to close at 103 13/32 and the 30 year bond closed higher by 10/32 at 106 2/32 for the day.

The e-mini Dow ended the session today at 13,644 with a gain of 36 points on the trading session. The total Dow Exchange Volume for the day came in at 237,351 which are comprised of Electronic, Open Auction and 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 and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 5,434,598; Open Interest for Futures moved higher by 197,027 points to close at 9,921,320; the Open Interest for Options moved higher by 115,523 points to close at 8,639,471 and the Cleared Only closed higher by 221 points at 11,509 for a total Open Interest on the day of 18,572,300 for a total Change on the day with a gain of 312,771 points.

On the NYSE today, advancers came in at 1,519 decliners totaled 1,743; unchanged came in at 95; new highs came in at 103 and new lows came in at 292. Gainers and losers for the day as well as active day trading stocks on the NYSE: PetroChina Company Limited (PTR) moved nicely higher on the session to post a gain of 6.06 points with a high on the day of $257.48, a low of $248.64 with a closing price at $255.06; Goldman Sachs Group Incorporated (GS) continued their southbound trend today with a loss of 10.61 points with a high on the day of $241.80, a low of $223.44 for a final trading price at $229.60; Allegheny Technologies Incorporated (ATI) romped higher to post a gain of 4.00 points with a high on the day of $101.30, a low of $96.59 with a closing price of $100.47; Las Vegas Sands Corporation (LVS) took quite a hit on the session to shed 8.53 points with a high at $117.20, a low at $108.89 for a closing price at $116.77; WellCare Health Plans Incorporated (WCG) posted a rebound today for a gain of 4.50 points with a gain of value of 19.68% with a high on the day of $27.93, a low of $23.01 to end the day at $27.37; Flowserve Corporation (FLS) powered higher on the day with a gain of 12.94 points to tack on 17.16% with a high of $90.00, a low of $80.02 with a closing price at the bell of $88.33;Marshall & Llsley Corporation (MI) tumbled hard on the day with a loss by 22.58% to shed 9.11 points with a final trading price at $31.23 and Ambac Financial Group Incorporated (ABK) took a hit today by 20.87% to lose 6.17 points with a high of $28.30, a low of $21.62 with a closing price at the bell of $23.40.

On the NASDAQ today, advanced totaled 1,465; decliners totaled 1,517; unchanged came in at 121; new highs came in at 60 and new lows came in at 281. Gainers and losers for the day as well as, active day trading stocks on the NASDAQ: GFI Group Incorporated (GFIG) powered higher on the day to tack on 8.35 points with a climb higher by 10.17% with a high on the day of $96.18, a low of $85.06 for a closing price at $90.51; Itron Incorporated (ITRI) took a hard loss on the day by 18.25 points to shed 18.07% with a high on the day of $86.67, a low of $79.40 with a final trading price at $82.79; RadiSys Corporation (RSYS) posted a gain of 3.32 points with a final trading price at $16.91; Cognex Corporation (CGNX) moved higher on the day by 3.89 points to tack on 23.13% with a closing price at the bell of $20.72; Baidu.com Incorporated (BIDU) soared higher on the trading session for a gain of 23.55 points with a high on the day of $409.00, a low of $387.64 with a final trading price at the bell of $409.50; Synaptics Incorporated (SYNA) powered higher on the day for a gain of 9.63 points to tack on 19.09% with a closing price at the bell of $60.07; Wright Medical Group Incorporated (WMGI) tacked on 3.98 points for a gain of 15.61% to end the day at $29.37 and Insight Enterprises Incorporated (NSIT) moved lower by 6.33 points to shed 23.93% on the day for a final trading price of $20.13.

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[MTnews]

The markets were controlled by the Bears today holding the major indices in negative territory throughout the trading session. During the trading session at one point, the DOW was down over 140 points, raising concerns again as to how low the DOW would dive, again today. The problems with the sub-prime mortgage industry continue to plague banks and consumers. Trading activity was rather awkward today creating a difficult trading atmosphere for day traders. Investors appeared to hover on the sidelines, monitoring the losses appearing on the major indices.

At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a loss of 51.70 points on the day to end the session at 13,543.40; the NYSE (New York Stock Exchange) posted a loss of 93.44 points to end the session at 9,958.82; the NASDAQ posted a loss of 15.20 points for a close at 2,795.3188; the S&P 500 moved lower by 7.48 points to end at 1,502.17 and the RUSSELL 2000 moved lower by 7.34 points to close at 790.44. The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the world’s investable market capitalization) posted a loss of 2.36 points to close at 270.80 and the FTSE RAFI 1000 posted a loss of 37.71 points to close at 6,142.94.

U.S. ISM October Non-Manufacturing Business Index came in at 55.8; U.S. ISM October Non- Manufacturing Business Index was expected to come in at 54.0; U.S. ISM October Non- Manufacturing Business Index came in at 55.8 versus September reading at 54.8; U.S. ISM October Non- Manufacturing Employment Index came in at 51.8 versus September reading at 52.7; U.S. ISM October Non- Manufacturing Prices Index came in at 63.5 versus September reading at 66.1 and U.S. ISM October Non- Manufacturing New Orders Index came in at 55.7 versus September reading at 53.4.

Commodities Markets
The trend was lower across the board today for the Energy Sector: Light crude moved lower today by $1.95 to close at $93.98 a barrel; Heating Oil closed higher by $0.03 today at $2.54 a gallon; Natural Gas moved lower today by $0.42 to close at $8.00 per million BTU and Unleaded Gas moved lower today by $0.06 to close at $2.38 a gallon.

Metals Market ended the session mostly higher across the board again today: Gold moved higher today by $2.30 to close at $810.80 an ounce; Silver moved higher by $0.19 to close at $14.79 per ounce; Platinum moved higher today by $3.80 to close at $1,466.50 an ounce and Copper closed lower by $0.02 today at $3.30 per pound.

On the Livestock and Meat Markets, the trend was mixed across the board today: Lean Hogs ended the day lower by $0.40 to close at $52.03; Pork Bellies ended the day lower by $0.45 at $84.25; Live Cattle ended the day higher by $1.13 at $95.85 and Feeder Cattle ended the day higher by $1.15 at $109.08.

Other Commodities: Corn moved lower today by $1.75 to close at $375.25 and Soybeans moved higher today by $4.25 to end the session at $1,021.00.

Bonds were mostly lower across the board today: 2 year bond closed with no change at 99 28/32; 5 year bond moved lower by 92/32 to close at 99 18/32 today; 10 year bond moved lower by 5/32 today to close at 103 7/32 and the 30 year bond closed lower by 6/32 at 105 28/32 for the day.

The e-mini Dow ended the session today at 13,567 with a loss of 75 points on the trading session. The total Dow Exchange Volume for the day came in at 237,351 which are comprised of Electronic, Open Auction and 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 and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 6,303,721; Open Interest for Futures moved lower by 127,016 points to close at 9,794,304; the Open Interest for Options moved higher by 83,705 points to close at 8,722,774 and the Cleared Only closed higher by 1,750 points at 13,259 for a total Open Interest on the day of 18,530,337 for a total Change on the day with a loss of 41,561 points.

On the NYSE today, advancers came in at 766 decliners totaled 2,508; unchanged came in at 84; new highs came in at 91 and new lows came in at 359. Gainers and losers for the day as well as active day trading stocks on the NYSE: FTSE/Xinhua China 25 (FXI) took a hard tumble on the session with a loss of 18.28 points with a high on the trading day of $195.50, a low of $187.06 for a final trading price at $187.06; PetroChina Company Limited (PTR) latterly tanked today with a heavy loss of 32.96 points to shed 12.92% with a high on the trading day of $231.99, a low of $215.44 with a closing price at $222.10; China Mobile Limited (CHL) moved sharply lower on the day for a loss of 11.11 points to shed 11.21% with a high on the session of $92.00, a low of $86.03 with a final trading price at 488.04 and Goldman Sachs Group Incorporated (GS) moved sharply lower again on the session to post a loss of $11.21 points with a high on the day at $224.90, a low of $212.80 for a closing price at $218.39.

On the NASDAQ today, advanced totaled 973; decliners totaled 2,044; unchanged came in at 114; new highs came in at 58 and new lows came in at 325. Gainers and losers for the day as well as, active day trading stocks on the NASDAQ: Alfa Corporation (ALFA) posted a favorable gain of 3.99 points to tack on a strong gain of 22.77% for a closing price of $21.51; Multi-Fineline Electronix Incorporated (MFLX) bolted higher on the day for a gain of 20.76% to tack on 3.06 points for a closing price at $17.80; Vertex Pharmaceuticals Incorporated (VRTX) fell sharply lower on the day to post a loss of 16.68% to shed 4.82 points with a high on the day of $26.00, a low of $22.02 for a closing price at $24.08; Crocs Incorporated (CROX) moved sharply lower on the day to post a loss of 12.77% to shed 6.07 points with a high on the session of $46.49, a low of $40.04 with a closing price of $41.45; Google Incorporated (GOOG) soared higher on the session with a gain of 14.40 points for a high on the day of $730.23, a low of $706.07 with a final trading price at $725.65 and Baidu.com Incorporated (BIDU) bolted higher on the day with a gain of 7.88 points with a high on the day of $421.30, a low of $399.56 to end the day at $416.88.

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[Stocktrading101]

I can't believe how bad China got pounded today. FXI down 9% or whatever it was, alongside China Mobil, Petro China, and China Life Insurance it was brutal.