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Daily Market Commentary on October 21, 2008 from Millennium-Traders.Com

The gains helped launch late to put a brake on the market for profit. Hopefully, in this poor economy that companies can release worse than expected earnings. (read more)
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Economic data released today:

Redbook:
U.S. Retail sales fell 1.1 percent during the first two weeks in October from September. Meta was a decrease of 1.0 percent. Seasonally adjusted sales for the month to date were up 0.7 percent compared to October 2007, online with the objective. On an unadjusted basis, sales for the week ending 18 October were up 0.8 percent from the same week in 2007, after a gain of 0.5 percent in the previous week. ICSC-Goldman Sachs Chain Store Sales up 1.6 percent for the week of Oct. 18. Chicago Fed 3-Mo average sample an increased likelihood of recession, the Chicago Fed Index September 3-month moving average fell 1.78 versus 1.18 drop in August, the Chicago Fed September National Activity Index fell to 2.57 by 1.61 falling in August. Chicago Fed points in September National Activity Index to official recession. U.S. Economic activity weakened further in September, with a key indicator signaling that a recession is underway by the Federal Reserve Bank Chicago. National Chicago Fed Activity Index fell to negative 2.57 months past, from negative 1.61 during August. Most of the decline was driven by a sharp drop in industrial production. The four broad categories of indicators made negative contributions to the index. The three-month moving average negative fell to 1.78 during September, negative 1.18 during August. The sub-zero figure suggests that growth in domestic economic activity is below its trend history. It also markets the 10th consecutive month that the three-month moving average "has indicated an increasing likelihood that a recession has begun" Chicago Fed said in a news release Tuesday morning. The data also indicates low inflationary pressures. Several Federal Reserve members have recently predicted that a slowing economy will have a moderating impact on inflation. The total industrial production fell 2.8 percent in September, a decrease 1.0 percent in August, according to the Chicago Federal Reserve. "Temporary disruptions in production due to recent hurricanes accounted for most of the decline in total industrial production in September. "

At the close of the NYSE in New York Stock Exchange, here is how the indexes in the world and major U.S. stock indices closed the session on the world market and emerging markets, including foreclosure stock price of the Bell:
DOW (Dow Jones Industrial Average) triple-digit loss of 231.77 points in the day to end the trading session in 9033.66
NYSE (New York Stock Exchange) triple digit loss of 236.26 points to end the trading session at 6051.34
The National Association of Securities Dealers Automated Quotes (NASDAQ) loss of 73.35 points to end the trading session at 1696.68
S & P 500 lost 30.35 points to end the trading session at 955.05
FTSE All-World excluding U.S. gain of 3.38 points to close the trading session at 156.56
FTSE RAFI 1000 triple-digit loss of 106.45 points to end the trading session at 3738.41
BEL 20 (BEL20) loss of 20.18 points to end the trading session at 2089.35
CAC 40 (CAC 40) the gain of 26.89 points to end the trading session at 3475.40
FTSE100 (UKX100) loss of 52.94 points to end the trading session at 4229.73
NIKKEI 225 (NIK E / S) of triple-digit gain 300.66 points to end the trading session at 9306.25

New York Stock Exchange (NYSE) the stock market indicators for the day:
Prices 947 shares of Advanced stock prices fell 2249; stock prices unchanged; 79 new stock prices, higher stock prices 5 and hitting lows 91.NYSE new appointment for volatile stocks and market trends as well as stock quotes, stock prices and stock symbols of the day Stock Picks trading on the NYSE New York Stock Exchange for the trading day online and active trading day for those who are or wish to be Day Trading livelihood: Packaging Corporation of America Incorporated (NYSE: PKG) stock price gained 0.39 points on the trading session, high on the meeting stock $ 18.55, low on the trading session $ 17.10 with a closing price at $ 17.98, Texas Instruments Incorporated (NYSE: TXN) stock price shed 1.13 points on the trading session, high on the trading session $ 17.26, low on the trading session 15.85 dollars with a closing price at $ 16.85, Massey Energy Company (NYSE: MEE) stock price shed 1.09 points on the trading session, high on the meeting stock $ 27.52, low on the trading session $ 24.76 with a closing price at $ 25.20; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price gained 4.60 points on the trading session, high on the trading session $ 133.35, low on the trading session $ 124.36 with a closing price at $ 132.20.

The National Association of Securities Dealers Automated Quotes (NASDAQ) stock market indicators today:
Advanced stock prices 824; stock prices fell 2072, stock prices unchanged; 121 stock prices hitting new highs 4; prices of the shares hitting lows 100.NASDAQ new appointment, volatile stocks and market trends as well as stock quotes, stock prices and symbols Day trading Stock Picks trading in NASDAQ stock market for online trading day trading day for those who are active or want to be Day Trading for a living: Volterra Semiconductor Corporation (NYSE: VLTR) stock price gained 0.19 points on the trading session, high on the trading session $ 10.01, low on the trading session $ 9.25 with a closing stock price at $ 9.59.

Trends market on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 451 declined stock prices 678; prices of shares unchanged 78; stock prices hitting new highs 2 and stock prices hitting new lows 30.

Chicago Board of Trade Activity Futures market for the day, at the time of listing contracts for December 2008:
E-mini S & P 500 (ES) 960.00 days final price change -30.50
E-mini NASDAQ-100 (NQ) end of day price 1293.50 Change -66.50
E-mini S & P SmallCap 600 (SMP) the final price of 294.40 days, changing 0.00
$ 5 DJIA (YM) the final price of 9,100 change -217 days

World Currencies for the Forex Market, for Forex Trading for active Forex traders, at the time this announcement:
Euro 0.7656 to 1.3062 U.S. dollars
Japanese Yen 100.250 to 0.010 U.S. $
British Pound 0.5989 to 1.6698 dollars U.S.
Canada Dollar 1.2136 to 0.8240 U.S. dollars
Swiss franc from 1.1536 to 0.8669 U.S. dollars

Commodity markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $ 3.36 a day for a closing price of $ 70.89 per barrel (U.S. $ per barrel)
Heating Oil (NYMEX: NYM) shed $ 0.03 a day for a closing price of $ 2.20 per gallon ($ U.S. per gallon)
Natural Gas (NYMEX: NYM) gained $ 0.10 a day for a closing price of $ 7.31 per million BTU ($ U.S. per MMBtu.)
Unleaded Gasoline (NYMEX: NYM) shed 0.03 dollars a day for a closing price of $ 1.69 per gallon ($ U.S. per gallon)

The metals markets:
Gold Market Price (COMEX: CMX) shed $ 22.00 on the day for a closing price of 768.00 dollars (U.S. $ per troy ounce)
Silver (COMEX: CMX) gained $ 0.39 a day for a closing price of $ 10.08 (U.S. $ per troy ounce)
Platinum (NYMEX: NYM) shed $ 0.80 a day for a closing price of 891.70 dollars ($ U.S. per troy ounce)
Copper (COMEX: CMX) shed $ 0.11 a day for a closing price of $ 2.01 (U.S. $ per pound)

Livestock and markets beef (cents per pound):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.35 in the day for a closing price of 65.63
Pork Bellies (Chicago Mercantile Exchange: CME) gained 1.90 in the day for a closing price of 90.95
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.90 in the day for a closing price of 92.98
Beef cattle (Chicago Mercantile Exchange: CME) gained 1.18 in the day for a closing price of 99.13

Other raw materials (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 7.50 on the day for a closing price of 411.00
Soybeans (Chicago Board of Trade: CBT) shed 25.50 in the day for a closing price of 915.25

Bond Market:
2 Bond season and won 6 / 32 in the day for a price closure of 100 23/32 with a yield of 1.61, Yield Change -0.09
5 year bond gained 22/32 on the day for a closing price of 102 6 / 32 to yield of 2.64, Yield Change -0.18
10 years bond gained 30/32 on the day for a closing price of 102 5 / 32 with a yield of 3.73, Yield Change -0.11
30 years bond gained 30/32 on the day for a closing price of 105 6 / 32 with a yield of 4.19, -0.05 driving changes

Thanks for reading
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