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Daily Market Commentary for July 1, 2009


Auto Industry

 

Reports say Ford Motor (F), Honda (HMC), and Nissan (NSANY) show a smaller decline in sales than expected for the month of June, giving positive signs that maybe the worst for the auto industry is over. Toyota (TM), General Motors (GM), and Chrysler however show sales fell more than the experts expected. Chrysler who is in the process of filing bankruptcy, posted a 42% drop in sales for the month of June, with GM right behind them with a 36.3% drop from last year, coming in third Toyota with a 35% decline in sales since last year. Ford, the only automaker to not receive some kind of government bail out saw only a decline of 10.9%  more positive than the 24% decrease in May. Shares of Ford rose today by 8 cents in what some investors like to call a bullish trading day. Sales to fleet buyers are down because those customers are wary about doing business with a company in court protection, Henderson said in bankruptcy court in New York.

 

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 57.06 points, EOD 8,504.06
NYSE (New York Stock Exchange) gain 48.86, EOD 5,954.01
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 10.68 points, EOD 1,845.72
S&P 500 (SPX) gain 4.01 points, EOD 923.33

BEL 20 (BEL20) gain 43 points, EOD 2,073.98
CAC 40 (CAC40) gain 76.56 points, EOD 3,217.00
FTSE100 (UKX100) gain 91.5 points, EOD 4,340.71

NIKKEI 225 (NIK/O) shed 18.51 points, EOD 9,939.93

 

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,225, declined stock prices 807, unchanged stock prices 112, stock prices hitting new highs 33 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 shed 2.85, HOD 312.94, LOD 303.23, EOD 308.27; MA shed 1.47, HOD 169.25, LOD 165.40, EOD 165.84; AIG gain 16.92, HOD 22.96, LOD 17.54, EOD 18.08; VAR shed 2.18, HOD 35.46, LOD 32.80, EOD 32.96; OSK gain 3.89, HOD 19.00, LOD 17.80, EOD 18.43; YUM gain 1.68, HOD 35.43, LOD 34.32, EOD 35.02; GS shed 0.12, HOD 148.88, LOD 146.62, EOD 147.32.
 

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,823, declined stock prices 896, unchanged stock prices 100, stock prices hitting new highs 43 and stock prices hitting new lows 8. 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: BEAT shed 6.75, HOD 10.43, LOD 9.49, EOD 9.57; MYGN shed 9.63, HOD 27.80, LOD 25.70, EOD 26.02; STEC gain 2.30, HOD 26.00, LOD 23.26, EOD 25.49; FSLR shed 6.91, HOD 164.11, LOD 154.55, EOD 155.29.

 

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 347, declined stock prices 186, unchanged stock prices 51, stock prices hitting new highs 15 and stock prices hitting new lows 7.


Chicago Board of Trade Futures Market for the day, at time of this posting:

E-mini S&P 500 (ES) Sept 09: EOD 919.50; Change 4.00

E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,479.25; Change 3.00
E-mini DOW $5 (YM) Sept 09: EOD 8,450; Change 56
E-mini S&P MidCap 400 (MF) Sept 09: EOD 580.20; Change 3.50

Nikkei 225 (Yen) Sept 09: EOD 9,995; Change 105


World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7068 to U.S. Dollars 1.4149
Japanese Yen 96.6100 to U.S. Dollars 0.0104
British Pound 0.6071 to U.S. Dollars 1.6473
Canadian Dollar 1.1492 to U.S. Dollars 0.8702
Swiss Franc 1.0747 to U.S. Dollars 0.9305


COMMODITY MARKETS:
Energy Sector - Nymex:

Light Crude (August 09) shed $0.58, EOD $69.31 per barrel ($US per barrel)
Heating Oil (August 09) shed $0.02, EOD $1.77 a gallon ($US per gallon)
Natural Gas (August 09) shed $0.04, EOD $3.80 per million BTU ($US per mmbtu.)
Unleaded Gas (August 09) shed $0.04, EOD $1.86 a gallon ($US per gallon)

 

Metals Markets - Comex:
Gold (August 09) gain $13.90, EOD $941.30 ($US per Troy ounce)
Silver (September 09) gain $0.16, EOD $13.76 ($US per Troy ounce)
Platinum (October 09) gain $19.80, EOD $1,205.10 ($US per Troy ounce)
Copper (September 09) gain $0.06, EOD $2.33 ($US per pound)

 

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 09) gain $0.05, EOD $60.70
Pork Bellies (August 09) gain $0.33, EOD $56.03
Live Cattle (August 09) gain $0.50, EOD $85.75
Feeder Cattle (August 09) gain $0.95, EOD $103.78

 

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $2.00, EOD $369.25

Soybeans (November 09) gain $34.50, EOD $1,015.50

 

BOND MARKET:

2 year EOD 100 4/32, change 4/32, Yield 1.04, Yield change -0.07
5 year EOD 100 16/32, change 6/32, Yield 2.51, Yield change -0.04
10 year EOD 96 16/32, change -2/32, Yield 3.54, Yield change 0.01
30 year EOD 98 18/32, change -2/32, Yield 4.34, 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 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.


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The Daily Market Commentary is published by Millennium-Traders after the U.S. Markets close each day, with free access for visitors as well as, availability from RSS Feed for the convenience of our readers. Information in the Commentary includes details of major indices action for the day as well as, results of major economic data released during the current market session.

A vital list of momentum stocks traded by active day traders for both the NYSE and the NASDAQ is provided for readers, to enable them the opportunity to watch for what may be in play, for the next markets session. End of day results for the Commodities Markets, Metals Markets, Meat Markets and Bond Markets is included in the Daily Market Commentary.

For traders actively involved in the markets on a daily basis, the Daily Market Commentary provides a full summary of how the trading day, played out. Millennium-Traders launched onto the Internet in November 1999, focusing on the needs of the active trader. As time progressed, Millennium-Traders has expanded its available market tools to include a variety of services for the active Day Trader of stocks, futures and forex and Swing Traders trading stocks.

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