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Stock Market Crash

admin — Sun, 21 Feb 2010 21:00:42 +0000

Daily Market Commentary for July 24, 2008 from Millennium-Traders.Com

Economic data released today was the initial culprit that began the heavy selloff. U.S. Jobless Claims rose by 34K to 406K for week of July 19 compared to survey of an increase by 14K. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Stock picks on the move today:
Chipotle Mexican Grill Incorporated (NYSE: CMG) which posted strong earnings for the second quarter. Net income came in at $24.5 Million or 74 cents per share. A year ago, income was $20 Million or 60 cents per share. Second-quarter revenue increased 24.2 percent to $340.8 million from $274.3 million a year earlier. Chipotle intends to open up to 140 new restaurants for 2008. At the closing bell, Chipotle shed over 16 points from numerous downgrades including analysts from: JPMorgan, RBC Capital Markets, Buckingham Research and Jefferies & Co.

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 world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) triple digit loss of 281.50 points on the day to end the trading session at 11,350.58
NYSE (New York Stock Exchange) triple digit loss of 210.66 points to end the trading session at 8,369.91
NASDAQ loss of 45.77 points to end the trading session at 2,280.11
S&P 500 loss of 28.96 points to end the trading session at 1,253.23
FTSE All-World ex-U.S. loss of 3.10 points to end the trading session at 225.79
FTSE RAFI 1000 triple digit loss of 167.19 points to end the trading session at 4,912.82
BEL 20 (BEL20) loss of 37.6 points to end the trading session at 3,107.22
CAC 40 (CAC40) loss of 60.75 points to end the trading session at 4,347.66
FTSE100 (UKX100) loss of 87.6 points to end the trading session at 5,362.3
NIKKEI 225 (NIK/O) triple digit gain of 418.35 points on the day to end the trading session at 13,603.31

New York Stock Exchange (NYSE) stock market action for the day:
Advanced stocks 630; declined stocks 2,577; unchanged stocks 65; stocks hitting new highs 26; stocks hitting new lows 73.
List of volatile stocks 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: ITT Educational Services Incorporated (NYSE: ESI) gained 4.53 points on the trading session, high on the trading session $106.75, low on the trading session $95.45 for a closing stock price at $95.82; Mosaic Company (NYSE: MOS) shed 3.50 points on the trading session, high on the trading session $129.62, low on the trading session $114.27 for a closing stock price at $118.25; Rio Tinto plc (NYSE: RTP) shed 13.55 points on the trading session, high on the trading session $402.31, low on the trading session $385.11 for a closing stock price at $386.50; Chipotle Mexican Grill Incorporated (NYSE: CMG) shed 16.50 points on the trading session, high on the trading session $76.00, low on the trading session $67.10 for a closing stock price at $67.30; MEMC Electronic Materials Incorporated (NYSE: WFR) shed 11.57 points on the trading session, high on the trading session $46.95, low on the trading session $41.58 for a closing stock price at $42.23; CONSOL Energy Incorporated (NYSE: CNX) gained 1.24 points on the trading session, high on the trading session $81.39, low on the trading session $73.60 for a closing stock price at $79.68; Kinetic Concepts Incorporated (NYSE: KCI) shed 3.79 points on the trading session, high on the trading session $39.52, low on the trading session $37.11 for a closing stock price at $38.01; Mechel OAO (NYSE: MTL) shed 13.77 points on the trading session, high on the trading session $37.26, low on the trading session $22.06 for a closing stock price at $22.84; Terex Corporation (NYSE: TEX) shed 1.65 points on the trading session, high on the trading session $53.25, low on the trading session $46.51 for a closing stock price at $48.46; CME Group Incorporated (NYSE: CME) shed 22.90 points on the trading session, high on the trading session $389.80, low on the trading session $365.28 for a closing stock price at $367.72; Devon Energy Corporation (NYSE: DVN) shed 0.13 points on the trading session, high on the trading session $96.21, low on the trading session $90.28 for a closing stock price at $93.18; XTO Energy Incorporated (NYSE: XTO) gained 0.54 points on the trading session, high on the trading session $49.22, low on the trading session $46.14 for a closing stock price at $48.78; Potash Corporation Saskatchewan (NYSE: POT) shed 6.69 points on the trading session, high on the trading session $209.32, low on the trading session $186.84 for a closing stock price at $194.00; Walter Industries Incorporated (NYSE: WLT) gained 0.16 points on the trading session, high on the trading session $85.76, low on the trading session $73.20 for a closing stock price at $81.01.

NASDAQ stocks trading activity today:
Advanced stocks 899; declined stocks 1,986; unchanged stocks 119; stocks hitting new highs 31; stocks hitting new lows 74.
List of volatile stocks 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: Apple Incorporated (NasdaqGS: AAPL) shed 7.26 points on the trading session, high on the trading session $165.26, low on the trading session $158.45 for a closing stock price at $159.00; Google Incorporated (NasdaqGS: GOOG) shed 11.82 points on the trading session, high on the trading session $496.87, low on the trading session $475.62 for a closing stock price at $477.40.

Market trends on the American Stock Exchange (AMEX) today:
Advanced stocks 390; declined stocks 803; unchanged stocks 85; stocks hitting new highs 9; stocks hitting new lows 32.

Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1,253.75, change 7.50
E-mini NASDAQ-100 (NQ) end of day price 1,820.11, change 0.50
E-mini S&P SmallCap 600 (SMP) end of day price 367.80, change 0.00
$5 DJIA (YM) end of day price 11,349, change -2

World Currencies at time of this posting:
Euro 0.6377 to U.S. Dollars 1.5682
Japanese Yen 107.23 to U.S. Dollars 0.0093
British Pound 0.5034 to U.S. Dollars 1.9863
Canadian Dollar 1.0133 to U.S. Dollars 0.9869
Swiss Franc 1.036 to U.S. Dollars 0.9653

Commodities Markets:
Energy Sector: Light Crude (NYM) gained $1.05 on the day for a closing price of the range of $125.49 a gallon ($US per bbl.); Heating Oil (NYM) gained $0.02 on the day for a closing price of $3.59 a gallon ($US per gal.); Natural Gas (NYM) shed $0.47 on the day for a closing price of $9.38 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.03 on the day for a closing price of $3.06 a gallon ($US per gal.).

Metals Markets:
Gold Market Price (CMX) shed $0.10 on the day for a closing price of $922.70 ($US per Troy oz.); Silver (CMX) shed $0.16 on the day for a closing price of $17.30 ($US per Troy oz.); Platinum (NYM) shed $47.00 on the day for a closing price of $1,713.80 ($US per Troy oz.) and Copper (CMX) shed $0.08 on the day for a closing price of $3.58 ($US per lb.).

Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) gained 1.13 on the day for a closing price of 74.03; Pork Bellies (CME) gained 3.00 on the day for a closing price of 71.33; Live Cattle (CME) gained 0.45 on the day for a closing price of 105.95; Feeder Cattle (CME) gained 0.05 on the day for a closing price of 112.35.

Other Commodities (cents per bu.):
Corn (CBT) gained 1.50 on the day for a closing price of 592.00 and Soybeans (CBT) shed 11.00 on the day for a closing price of 1,378.00.

Bond Market:
2 year bond N/A
5 year bond gained 10/32 on the day for a closing price of 99 24/32 with a Yield of 3.33, Yield Change -0.16
10 year bond gained 15/32 on the day for a closing price of 98 17/32 with a Yield of 4.01, Yield Change -0.10
30 year bond gained 30/32 on the day for a closing price of 96 5/32 with a Yield of 4.61, Yield Change -0.06

Access scheduled economic data every market morning by viewing the Daily Market Report 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 services. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com

What to Look for When the Market Hits a Bottom

admin — Mon, 08 Feb 2010 10:59:51 +0000

When the market hits a bottom, itâ€™s time to start the bargain hunting. The upside from a bottomed market is huge, and then profits can be further compounded into a short position. Bottoms can be hard to spot, but with some experience, bottom hunting can be profitable and extremely rewarding. Even with the best uptrend, youâ€™re unlikely to time a bottom perfectly. Sometimes youâ€™ll see a bottom, enter a trade only for the security to downtrend briefly and retest a bottom. Bottoming securities are unlikely to be perfect, so youâ€™ll have to have plenty of patience. Profitable traders do very well in market bottoms, as they provide some of the best risk to reward ratios.

What to Look For

First, you need to look for a measured downtrend. A downtrend that follows some guide for its dropping price will be more likely to respond to an uptrend or support lines that make up a bottom. When stocks hit the bottom, they rarely do so due to unforeseen events. This is where long term trendlines and indicators really pay off.

Professional traders usually start calling a bottom after a sideways trend, when the stock remains on a bottom for a long period of time. These kinds of trades are more responsive to news, as a breakout must force through plenty of limit orders placed around the current values. When in a sideways trend, orders line up all around the current value, further adding momentum to the trade. Get in heavy on a sideways trend or movement.

Master Day Trading

Creative techniques, like buying when short interest is high or before a big company releases news, is often the best bet. At a bottom, further downside potential is low, while any good news is likely to send a stock flying. Watching the short interest on a particular investment will help you follow any potential bottoms.

The most important thing you can do is preserve trading capital. A win is nothing when compared to a loss. A professional trader is prudent at bottoms, considering the potential risk to reward. In all cases, when the risk to reward is great, simple mathematics would tell you to take a trade.

Strategies

Day trading strategies best apply to bottomed stocks. Youâ€™ll be trading in an environment where small factors can send a price moving quickly â€“ for this reason, day traders find bottoms. A trading plan planner will help you organize your strategy for picking bottoms and help you keep your composure during a white knuckle whipsaw in the market.

Fibonacci Portrait Inspires Fibonacci Traders

admin — Wed, 27 Aug 2008 16:36:42 +0000

Day traders and technicians inspired by Fibonacci arcs, retracements, fans and time projections can now own an original oil painting of the legendary mathematician painted by contemporary artist, Tracy Mac. And, what’s truly unique about the portrait is that it was painted by the numbers!

No, the portrait wasn’t created from a paint by numbers kit, but is an original ink and acrylic on canvas painted by Mac who is an established American artist.Â Â The artistÂ lives and paints near New York city and is somewhat of a tech-head himself.Â As a starting artist heÂ invented mathematical paint brushes, a custom graphics program thatÂ he uses along with hisÂ artistic instincts to create amazingly detailed and stylized artwork.

Mac’sÂ technique and artistic talent result in a strong portfolio ofÂ intelligent looking art that is balanced, colorfulÂ and peppered with interesting patterns and designs.

Mac literally paints by numbers using mathematical formulas that can be applied to any medium.Â In other words, there is no limit to variations on the themes created for each painting based on how the digital file is printed.Â Sizes, shapes and colors can be altered either intentionally or organically when the artist uses new or different reproduction technologies and methods.

The artist who has exhibited his work in juried shows throughout the U.S. and Europe is represented by a number of galleries but also sells his work independently in his online art gallery at DiscoveredArtists.com.Â He recently posted the Fibonacci portrait to his gallery along with paintings of Einstein and Euclid as part of his series of Golden Portrait paintings.

Italian mathematician Leonardo Pisano who actually wasn’t called Fibonacci until after his death, uncovered the unique mathematical sequence of numbers known as Fibonacci numbers in the early 1200’s.Â Late in the 20th century Fibonacci Trading and Fibonacci Analysis were developed as methods for projecting future market trends.Â Fibonacci arcs, fans and retracements are most commonly used today by technical traders to predict and understand an individual stock’s behavior and are widely used by technicians for market timing projections.

Mac who has a liberal arts education is blessed with a natural acumen for highly complex mathematics, computer science, programming,Â and, of course,Â art.Â His works range from abstractÂ and figuratives toÂ florals, portraitsÂ and cityscapes.

The contemporary portrait of the man behind Fibonacci retracement and time projections could become a treasured addition to a technical trader’s art collection. The original painting measures 30″ x 48″ and can be purchased online directly from the artist at www.discoveredartists.com/gallery/TracyMac.

Original artwork in Mac’s online gallery is priced from $500 to $1900.Â All works are singular unless otherwise noted. The artist signs his work on the reverse side and includes a certificate of authenticity.Â Mac accepts commissions and is interested in exploring subjects brought to him by art patrons and by other artists.Â You can see more ofÂ his work in his gallery on http://www.discoveredartists.com/.

About DiscoveredArtists.com
DiscoveredArtists.com isÂ a marketplace for buying and selling original and limited edition artworks.Â Independent artists sell directly to the general public.Â Prices are set by the artists and artwork is shipped from the artist’s studio.Â Â All major credit cards are accepted.Â Artwork may be purchased online and is backed by a satisfaction guarantee of a full refund plus return shipping expense.

Stock Market for Dummies

admin — Tue, 01 Jan 2008 14:36:05 +0000

Daily Market Commentary for July 31, 2008 from Millennium-Traders.Com

It doesn’t take a rocket scientist to see that, the economic crisis, is far from over. Government officials are talking more of a ’second’ economic stimulus package and it hasn’t been that long since the first one was put into play. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Hot Stock picks on the move today for day trading: MasterCard Incorporated (NYSE: MA) and AK Steel Holding Corporation (NYSE: AKS). MasterCard stock price got smashed after releasing second quarter earnings which consisted of a $747 million loss on a $1 billion after-tax charge related to a settlement of antitrust litigation with American Express Corporation (NYSE: AXP). MasterCard had a trading range of over twenty-two points during the trading session and posted a loss at the closing bell of over twenty-six and a half points. Day traders posted hefty profits day trading MasterCard during the trading day. AK Steel was a heavy mover just after the noon time hour when rumor came out of a possible bid for the company began to circulate. Day traders reaped hefty profits on the long play of AK SteelÂ when it surged from below $56 to over $64 over a short period of time. AK Steel had a trading range during the trading day of over twelve points. At the closing bell, the company was higher by just over four points.

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 session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit loss of 207.13 points on the day to end the trading session at 11,376.56
NYSE (New York Stock Exchange) triple digit loss of 126.67 points to end the trading session at 8,438.64
NASDAQ loss of 4.17 points to end the trading session at 2,325.55
S&P 500 loss of 16.79 points to end the trading session at 1,267.47
FTSE All-World excluding – U.S. loss of 0.90 points to end the trading session at 226.22
FTSE RAFI 1000 loss of 40.69 points to end the trading session at 4,987.65
BEL 20 (BEL20) loss of 35.87 points to end the trading session at 2,994.38
CAC 40 (CAC40) loss of 8.19 points to end the trading session at 4,392.36
FTSE100 (UKX100) loss of 8.8 points to end the trading session at 5,411.90
NIKKEI 225 (NIK/O) gain of 9.02 points on the day to end the trading session at 13,376.81

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 1,212; declined stock prices 1,968; unchanged stock prices 98; stock prices hitting new highs 36 and stock prices hitting new lows 68.
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: Visa Incorporated (NYSE: V) stock price shed 5.39 points on the trading session, high on the trading session $93.60, low on the trading session $71.49 for a closing stock price at $73.06; Marathon Oil Corporation (NYSE: MRO) stock price gained 4.34 points on the trading session, high on the trading session $49.55, low on the trading session $46.64 for a closing stock price at $49.47; Nucor Corporation (NYSE: NUE) stock price shed 3.00 points on the trading session, high on the trading session $59.34, low on the trading session $56.52 for a closing stock price at $57.22; Flowserve Corporation (NYSE: FLS) stock price shed 1.75 points on the trading session, high on the trading session $145.45, low on the trading session $127.40 for a closing stock price at $133.34; AK Steel Holding Corporation (NYSE: AKS) stock price gained 4.15 points on the trading session, high on the trading session $66.47, low on the trading session $54.38 for a closing stock price at $63.50; Cleveland-Cliffs Incorporated (NYSE: CLF) stock price shed 7.59 points on the trading session, high on the trading session $115.00, low on the trading session $104.80 for a closing stock price at $108.41; Freeport-McMoRan Copper & Gold Corporation (NYSE: FCX) stock price shed 4.64 points on the trading session, high on the trading session $101.00, low on the trading session $96.71 for a closing stock price at $96.75; Parker-Hannifin Corporation (NYSE: PH) stock price shed 6.36 points on the trading session, high on the trading session $64.41, low on the trading session $61.27 for a closing stock price at $61.68; Walter Industries Incorporated (NYSE: WLT) stock price shed 1.08 points on the trading session, high on the trading session $107.92, low on the trading session $100.59 for a closing stock price at $104.87; CF Holdings Incorporated (NYSE: CF) stock price shed 3.15 points on the trading session, high on the trading session $168.13, low on the trading session $161.86 for a closing stock price at $163.46; CME Group Incorporated (NYSE: CME) stock price shed 13.44 points on the trading session, high on the trading session $375.00, low on the trading session $356.19 for a closing stock price at $359.85; ULTRASHORT Financial Corporation (NYSE: SKF) stock price gained 2.41 points on the trading session, high on the trading session $124.15, low on the trading session $117.59 for a closing stock price at $121.57; XTO Energy Incorporated (NYSE: XTO) stock price shed 1.66 points on the trading session, high on the trading session $49.29, low on the trading session $46.82 for a closing stock price at $47.23; Bunge Limited (NYSE: BG) stock price shed 2.98 points on the trading session, high on the trading session $102.88, low on the trading session $98.00 for a closing stock price at $98.92; United States Steel Corporation (NYSE: X) stock price shed 6.49 points on the trading session, high on the trading session $165.96, low on the trading session $156.66 for a closing stock price at $160.36; MasterCard Incorporated (NYSE: MA) stock price shed 26.58 points on the trading session, high on the trading session $259.00, low on the trading session $237.48 for a closing stock price at $244.15; CONSOL Energy Incorporated (NYSE: CNX) stock price shed 14.11 points on the trading session, high on the trading session $83.17, low on the trading session $73.75 for a closing stock price at $74.39.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,348; declined stock prices 1,552; unchanged stock prices 134; stock prices hitting new highs 40; stock prices hitting new lows 81.
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: ImClone Systems Incorporated (NasdaqGS: IMCL) stock price gained 17.36 points on the trading session, high on the trading session $65.00, low on the trading session $63.33 for a closing stock price at $63.80; Bare Escentuals Incorporated (NasdaqGS: BARE) stock price shed 5.38 points on the trading session, high on the trading session $12.59, low on the trading session $11.40 for a closing stock price at $11.54; Akamai Technologies Incorporated (NasdaqGS: AKAM) stock price shed 8.10 points on the trading session, high on the trading session $25.50, low on the trading session $22.69 for a closing stock price at $23.34; First Solar Incorporated (NasdaqGS: FSLR) stock price had no change on the trading session, high on the trading session $301.30, low on the trading session $284.18 for a closing stock price at $285.00.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 554; declined stock prices 617; unchanged stock prices 103; stock prices hitting new highs 21; stock prices hitting new lows 30.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for September 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,266.50, change -18.25
E-mini NASDAQ-100 (NQ) end of day price 1,854.75, change -1.50
E-mini S&P SmallCap 600 (SMP) end of day price 372.20, change -1.80
$5 DJIA (YM) end of day price 11,354, change -226

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6411 to U.S. Dollars 1.5598
Japanese Yen 107.87 to U.S. Dollars 0.0093
British Pound 0.5045 to U.S. Dollars 1.9823
Canadian Dollar 1.0232 to U.S. Dollars 0.9773
Swiss Franc 1.0475 to U.S. Dollars 0.9547

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $2.69 on the day for a closing price of $124.08 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.09 on the day for a closing price of $3.46 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.13 on the day for a closing price of $9.12 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.07 on the day for a closing price of $3.07 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) gained $10.40 on the day for a closing price of $922.70 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.33 on the day for a closing price of $17.79 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $23.80 on the day for a closing price of $1,761.90 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.02 on the day for a closing price of $3.66 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 1.80 on the day for a closing price of 74.35
Pork Bellies (Chicago Mercantile Exchange: CME) shed 1.50 on the day for a closing price of 68.50
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.15 on the day for a closing price of 106.30
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 1.68 on the day for a closing price of 115.33

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 13.75 on the day for a closing price of 607.50
Soybeans (Chicago Board of Trade: CBT) shed 1.00 on the day for a closing price of 1,404.00

Bond Market:
2 year bond gained 8/32 on the day for a closing price of 100 15/32 with a Yield of 2.50, Yield Change -0.13
5 year bond gained 21/32 on the day for a closing price of 100 21/32 with a Yield of 3.22, Yield Change -0.14
10 year bond gained 27/32 on the day for a closing price of 99 20/32 with a Yield of 3.94, Yield Change -0.11
30 year bond shed 1 5/32 on the day for a closing price of 96 26/32 with a Yield of 4.57, Yield Change -0.07

Access scheduled economic data every market morning by viewing the Daily Market Report 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.

Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com