Daily Market Commentary for May 16, 2008 from Millennium-Traders.Com
Traders and day traders are focusing on not making more trades but,
trying to make the best of the trades they can make. An increase of
quiet trading action over the lunchtime period indicates that those
playing these markets, are doing so with caution and avoiding the
normal slow trading periods. (read more
http://www.millennium-traders.com/news/newscommentary.aspx)
At the closing bell on the Stock Exchange, here is how the major world
indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) loss of 5.86 points on the day to
end the session at 12,986.80
NYSE (New York Stock Exchange) gain of 49.49 points to end the session
at 9,603.01
NASDAQ loss of 4.88 points for a close at 2,528.85
S&P 500 gain of 1.78 points for a close at 1,425.35
FTSE All-World ex-U.S. gain of 0.45 points to close at 257.29
FTSE RAFI 1000 closed at 5,731.19
BEL 20 gain of 12.74 points to close at 3,811.73
CAC 40 gain of 20.31 points to close at 5,077.82
FTSE100 gain of 29.3 points to close at 6,281.1
NIKKEI 225 loss of 32.2 points to close at 14,219.50
News on the New York Stock Exchange (NYSE) today: advanced stocks
1,654; declined stocks 1,489; unchanged stocks 118; stocks hitting new
highs 150; stocks hitting new lows 26. Daily Trading Range and end of
day trading results for volatile stocks on the NYSE traded by active
Day Traders today: Rio Tinto plc (NYSE: RTP) gained 8.43 points on the
trading day, high on the trading day $557.55, low on the trading day
$543.18, for a closing price at $554.83; Mosaic Company (NYSE: MOS)
gained 0.73 points on the trading day, high on the trading day $132.16,
low on the trading day $127.69, for a closing price at $129.66; BMC
Software Incorporated (NYSE: BMC) gained 2.22 points on the trading
day, high on the trading day $39.37, low on the trading day $37.02, for
a closing price at $38.65; Kohl's Corporation (NYSE: KSS) shed 1.22
points on the trading day, high on the trading day $49.60, low on the
trading day $47.95, for a closing price at $49.27; Maguire Properties
Incorporated (NYSE: MPG) shed 1.35 points on the trading day, high on
the trading day $16.56, low on the trading day $13.94, for a closing
price at $15.20; Giant Interactive Group, Incorporated (NYSE: GA) shed
0.69 points on the trading day, high on the trading day $15.76, low on
the trading day $14.97, for a closing price at $15.60; Apache
Corporation (NYSE: APA) gained 7.33 points on the trading day, high on
the trading day $143.49, low on the trading day $138.22, for a closing
price at $143.49; Mastercard Incorporated (NYSE: MA) shed 3.37 points
on the trading day, high on the trading day $288.80, low on the trading
day $280.60, for a closing price at $283.40; Uniao de Bancos Brasileiros
S.A. (Unibanco) (NYSE: UBB) gained 3.00 points on the trading day, high
on the trading day $155.22, low on the trading day $150.68, for a
closing price at $152.04; InterContinental Exchange, Incorporated
(NYSE: ICE) shed 4.49 points on the trading day, high on the trading
day $160.39, low on the trading day $153.26, for a closing price at
$154.51; Wimm-Bill-Dann Foods OJSC (NYSE: WBD) gained 6.98 points on
the trading day, high on the trading day $137.32, low on the trading
day $125.86, for a closing price at $134.98; Mechel Open Joint Stock
Company (NYSE: MTL) gained 11.58 points on the trading day, high on the
trading day $171.90, low on the trading day $158.66, for a closing price
at $168.99; Cantel Medical Corporation (NYSE: CMN) shed 0.35 points on
the trading day, high on the trading day $11.80, low on the trading day
$9.41, for a closing price at $9.72; Freeport-McMoRan Copper & Gold
Incorporated (NYSE: FCX) gained 4.75 points on the trading day, high on
the trading day $124.50, low on the trading day $120.04, for a closing
price at $124.18; Petroleo Brasileiro (NYSE: PBR) gained 2.38 points on
the trading day, high on the trading day $70.65 low on the trading day
$68.98, for a closing price at $70.65; CME Group, Incorporated (NYSE:
CME) gained 3.75 points on the trading day, high on the trading day
$480.84, low on the trading day $473.93, for a closing price at
$478.00; Fluor Corporation (NYSE: FLR) shed 0.27 points on the trading
day, high on the trading day $193.83, low on the trading day $188.95,
for a closing price at $191.37; Potash Corporation of Saskatchewan,
Incorporated (NYSE: POT) gained 2.85 points on the trading day, high on
the trading day $207.94, low on the trading day $204.34, for a closing
price at $207.00; Telephone & Data Systems Incorporated (NYSE: TDS)
gained 5.04 points on the trading day, high on the trading day $54.00,
low on the trading day $47.62, for a closing price at $52.85.
News on the NASDAQ today: advanced stocks 1,218 declined stocks 1,655;
unchanged stocks 146; stocks hitting new highs 60; stocks hitting new
lows 67. Trading range and end of day trading results for volatile
NASDAQ stocks traded by active Day Traders today: Trico Marine
Services Incorporated (TRMA) shed 2.43 points on the trading day, high
on the trading day $33.94, low on the trading day $32.26, for a closing
price at $33.01; Zoltek Companies Incorporated (ZOLT) gained 4.47 points
on the trading day, high on the trading day $32.07, low on the trading
day $26.97, for a closing price at $30.98; Intuitive Surgical,
Incorporated (ISRG) gained 6.77 points on the trading day, high on the
trading day $304.28, low on the trading day $292.30, for a closing
price at $299.75; Stericycle Incorporated (SRCL) gained 4.00 points on
the trading day, high on the trading day $56.81, low on the trading day
$54.19, for a closing price at $56.68; Esmark, Incorporated (ESMK) shed
1.77 points on the trading day, high on the trading day $16.48, low on
the trading day $14.60, for a closing price at $14.63; First Solar,
Incorporated (NasdaqGS: FSLR) gained 4.36 points on the trading day,
high on the trading day $313.43, low on the trading day $306.21, for a
closing price at $311.14; DryShips, Incorporated (NasdaqGS: DRYS)
gained 4.24 points on the trading day, high on the trading day $112.00,
low on the trading day $108.03, for a closing price at $110.74.
News on the American Stock Exchange (AMEX) today: advanced stocks 716;
declined stocks 463; unchanged stocks 95; stocks hitting new highs 58;
stocks hitting new lows 22.
Commodities Markets
Energy Sector: Light Crude (NYM) gained $2.17 on the day to close at
$126.29 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.08 on the
day to close at $3.71 a gallon ($US per gal.); Natural Gas (NYM) shed
$0.30 on the day to close at $11.26 per million BTU ($US per mmbtu.);
Unleaded Gas (NYM) gained $0.06 on the day to close at $3.22 a gallon
($US per gal.).
Metals Markets: Gold (CMX) gained $19.90 to close at $899.91 ($US per
Troy oz.); Silver (CMX) gained $0.28 to close at $16.96 ($US per Troy
oz.); Platinum (NYM) gained $55.10 on the day to close at $2,132.00
($US per Troy oz.) and Copper (CMX) gained $0.09 to close at $3.83 ($US
per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.80
to close at 76.25; Pork Bellies (CME) shed 2.95 to close at 77.67; Live
Cattle (CME) shed 0.40 to close at 99.10; Feeder Cattle (CME) shed 0.20
to close at 113.08.
Other Commodities (cents per bu.): Corn (CBT) shed 8.00 to close the
session at 591.00 and Soybeans (CBT) gained 30.50 to close session at
1,378.00.
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie - $4,595
Barry - $8,602
Marty - $4,865
Sam - $2,147
Futures Trading Room:
JT - $5,597.50
Forex Trading Room:
JT - $13,050
Daily Swing Trades:
Barry - $7,640
Weekly Swing Trades:
Jeannie - $-2,200
Bond action for the day: 2 year bond closed with no change at 99 12/32
with a Yield of 2.44, Yield Change +-0.01; 5 year bond closed with no
change at 100 1/32 with a Yield of 3.11, Yield Change 0.00; 10 year
bond shed 2/32 to close at 100 5/32 with a Yield of 3.85, Yield Change
+0.01; the 30 year bond shed 5/32 to close at 96 19/32 on the day with
a Yield of 4.58, Yield Change +0.01.
The e-mini Dow $5 ended the commodity session today at 12,985 with a
loss of 11 points on the trading session. Futures Traders should review
workshops available at the CBOT (Chicago Board of Trade). Educational
in-person seminars schedules available on the CBOT (Chicago Board of
Trade) website.
Monitor scheduled economic data every market morning by viewing the
Daily Market Report from Millennium-Traders, free access to visitors on
our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks
trading action plus, view upcoming economic data for the week ahead.
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Lesson posted on our website.
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