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Daily Market Commentary for July 10, 2008 from Millennium-Traders.ComA large deal on the street today was the news that Dow Chemical (NYSE: DOW) was buying Rohm and Haas (NYSE: ROH) at $78 a share or $18 billion. The deal was all cash and consisted of $3 billion in financing from Berkshire Hathaway plus, $1 billion from Kuwait Investment Authority. (read more) http://www.millennium-traders.com/news/newscommentary.aspxAt 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) gain of 82.07 points on the day to end the trading session at 11,229.51NYSE (New York Stock Exchange) gain of 64.31 points to end the trading session at 8,435.94NASDAQ gain of 22.96 points to end the trading session at 2,257.85S&P 500 gain of 8.79 points to end the trading session at 1,253.48FTSE All-World ex-U.S. loss of 0.93 points to end the trading session at 223.98FTSE RAFI 1000 loss of 15.95 points to end the trading session at 4,814.06BEL 20 (BEL20) loss of 64.32 points to end the trading session at 3,022.30CAC 40 (CAC40) triple digit loss of 108.1 points to end the trading session at 4,231.56FTSE100 (UKX100) triple digit loss of 122.8 points to end the trading session at 5,406.8NIKKEI 225 (NIK/O) gain of 15.08 points to end the trading session at 13,067.21Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,631; declined stocks 1,558; unchanged stocks 90; stocks hitting new highs 13; stocks hitting new lows 470. 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: IntercontinentalExchange Incorporated (ICE) shed 10.09 points on the trading session, high on the trading session $95.50, low on the trading session $80.91 for a closing stock price at $85.30; Valero Energy Corporation (VLO) shed 0.55 points on the trading session, high on the trading session $34.35, low on the trading session $32.83 for a closing stock price at $33.84; Texas Industries Incorporated (TXI) shed 2.65 points on the trading session, high on the trading session $55.05, low on the trading session $44.22 for a closing stock price at $48.53; MEMC Electronic Materials Incorporated (WFR) shed 0.84 points on the trading session, high on the trading session $52.46, low on the trading session $48.50 for a closing stock price at $51.40; Global Payments (GPN) shed 1.73 points on the trading session, high on the trading session $46.23, low on the trading session $41.92 for a closing stock price at $44.94; CONSOL Energy (CNX) gained 3.37 points on the trading session, high on the trading session $97.16, low on the trading session $86.44 for a closing stock price at $95.82; Walter Industries Incorporated (NYSE: WLT) shed 0.09 points on the trading session, high on the trading session $87.41, low on the trading session $79.40 for a closing stock price at $86.55; CME Group Incorporated (NYSE: CME) shed 11.07 points on the trading session, high on the trading session $322.96, low on the trading session $305.00 for a closing stock price at $309.70; Rio Tinto plc (NYSE: RTP) gained 13.63 points on the trading session, high on the trading session $438.00, low on the trading session $423.07 for a closing stock price at $430.15; United States Steel Corporation (NYSE: X) gained 7.22 points on the trading session, high on the trading session $167.90, low on the trading session $156.06 for a closing stock price at $165.39; Cleveland-Cliffs Incorporated (NYSE: CLF) shed 0.80 points on the trading session, high on the trading session $109.69, low on the trading session $99.50 for a closing stock price at $104.97; MasterCard Incorporated (NYSE: MA) gained 1.95 points on the trading session, high on the trading session $258.01, low on the trading session $245.03 for a closing stock price at $253.20.Market trends on the NASDAQ today: advanced stocks 1,585; declined stocks 1,293; unchanged stocks 124; stocks hitting new highs 12; stocks hitting new lows 301. 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: FCStone Group Incorporated (NasdaqGS: FCSX) shed 12.30 points on the trading session, high on the trading session $19.99, low on the trading session $14.30 for a closing stock price at $17.60; Columbia Banking System Incorporated (NasdaqGS: COLB) gained 7.81 points on the trading session, high on the trading session $14.08, low on the trading session $9.30 for a closing stock price at $10.43;  Century Aluminum Company (NasdaqGS: CENX) gained 4.86 points on the trading session, high on the trading session $64.14, low on the trading session $58.04 for a closing stock price at $61.77; First Solar Incorporated (NasdaqGS: FSLR) gained 14.10 points on the trading session, high on the trading session $280.54, low on the trading session $263.29 for a closing stock price at $279.50.Market trends on the American Stock Exchange (AMEX) today: advanced stocks 567; declined stocks 584; unchanged stocks 81; stocks hitting new highs 9; stocks hitting new lows 106.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 1254.50, change 0.00E-mini NASDAQ-100 (NQ) end of day price 1850.75, change 6.50E-mini S&P SmallCap 600 (SMP) end of day price 353.20, change 0.00$5 DJIA (YM) end of day price 11,225, change 8World Currencies at time of this posting:Euro 0.6335 to U.S. Dollars 1.5786Japanese Yen 106.91 to U.S. Dollars 0.0094British Pound 0.5057 to U.S. Dollars 1.9774Canadian Dollar 1.0091 to U.S. Dollars 0.9910Swiss Franc 1.0268 to U.S. Dollars 0.9739Commodities Markets:Energy Sector: Light Crude (NYM) gained $5.60 on the day for a closing price of the range of $141. a gallon ($US per bbl.); Heating Oil (NYM) gained $0.18 on the day for a closing price of $4.03 a gallon ($US per gal.); Natural Gas (NYM) gained $0.29 on the day for a closing price of $12.30 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.13 on the day for a closing price of $3.51 a gallon ($US per gal.).Metals Markets: Gold Market Price (CMX) gained $13.40 on the day for a closing price of $942.00 ($US per Troy oz.); Silver (CMX) gained $0.15 on the day for a closing price of $18.32 ($US per Troy oz.); Platinum (NYM) gained $26.40 on the day for a closing price of $1,998.40 ($US per Troy oz.) and Copper (CMX) shed $0.02 on the day for a closing price of $3.72 ($US per lb.). Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 1.88 on the day for a closing price of 74.88; Pork Bellies (CME) gained 1.48 on the day for a closing price of 66.48; Live Cattle (CME) shed 0.50 on the day for a closing price of 102.05; Feeder Cattle (CME) shed 0.25 on the day for a closing price of 112.65. Other Commodities (cents per bu.): Corn (CBT) shed 8.50 on the day for a closing price of 704.25 and Soybeans (CBT) gained 30.0 on the day for a closing price of 1,587.00.Bond action for the day: 2 year bond shed 1/32 on the day for a closing price of 100 28/32 with a Yield of 2.41, Yield Change +0.02; 5 year bond closed with no change at 101 10/32 with a Yield of 3.09, Yield Change +0.01; 10 year bond gained 3/32 on the day for a closing price of 100 18/32 with a Yield of 3.81, Yield Change 0.00; the 30 year bond gained 1/32 on the day for a closing price of 99 10/32 with a Yield of 4.41, Yield Change 0.04.Federal Reserve Chairman Ben S. Bernanke comments from today: better to do market reform right than quickly; stimulus package just now feeding into economy; should wait before deciding on 2nd stimulus package; doesn’t see repeat of Bear Stearns as likely; Fed still has plenty of balance sheet room left; Fed ‘has not lost a penny’ On Bear Stearns loan; offers support for covered bonds; says on Bear Stearns: ‘I would do it again’; high oil prices spur incentives to alternate sources; expects higher headline inflation in coming months; GSEs `well capitalized’ on a regulatory basis;  financial conditions remain strained; removing PDCF now wouldn’t be a good idea; trying to reduce need for new credit facilities; considering extending primary dealer facility.U.S. Jobless Claims fell by 58K to 346K for week of July 5 compared to survey of an increase by 6K; U.S. Continuing Claims for week of June 28 increased by 91K to 3,202,000; U.S. Jobless Claims Unrevised for week of June 28 came in at 404K; U.S. Jobless Claims saw largest d since September 2005; Labor Department: auto retooling likely a factor in new claims drop.Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke agree that GSEs play critical role to economy.Treasury Secretary Henry M. Paulson Jr. comments today: Clarity, discipline needed for derivatives and oil price affected by supply and demand, not the dollar.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.Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.Thanks for readingMillennium-Traders.Comhttp://www.millennium-traders.com

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Daily Market Commentary for July 11, 2008 from Millennium-Traders.ComFannie Mae (NYSE: FNM) was created by Congress in 1938 to promote home buying to Americans; Freddie Mac (NYSE: FRE) was created in 1970 to expand the secondary market for mortgages. Combined, the two own or guarantee approximately $5 trillion of mortgages which makes up nearly 50% of all outstanding mortgages in the U.S. (read more)http://www.millennium-traders.com/news/newscommentary.aspxAt 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 128.48 points on the day to end the trading session at 11,100.54NYSE (New York Stock Exchange) loss of 88.70 points to end the trading session at 8,347.24NASDAQ loss of 18.77 points to end the trading session at 2,239.08S&P 500 loss of 13.90 points to end the trading session at 1,239.49FTSE All-World ex-U.S. loss of 1.93 points to end the trading session at 222.47FTSE RAFI 1000 loss of 58.68 points to end the trading session at 4,774.60BEL 20 (BEL20) loss of 62.95 points to end the trading session at 2,959.35CAC 40 (CAC40) triple digit loss of 130.92 points to end the trading session at 4,100.64FTSE100 (UKX100) triple digit loss of 145.2 points to end the trading session at 5,261.6NIKKEI 225 (NIK/O) loss of 27.52 points to end the trading session at 13,039.69Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,024; declined stocks 2,209; unchanged stocks 67; stocks hitting new highs 18; stocks hitting new lows 821. 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: Devon Energy Corporation (DVN) gained 0.83 points on the trading session, high on the trading session $113.18, low on the trading session $108.43 for a closing stock price at $110.34; Fannie Mae (FNM) shed 2.95 points on the trading session, high on the trading session $11.89 low on the trading session $6.68 for a closing stock price at $10.25; Precision Castparts Corporation (PCP) shed 4.32 points on the trading session, high on the trading session $97.24, low on the trading session $92.25 for a closing stock price at $94.26; Freddie Mac (FRE) shed 0.25 points on the trading session, high on the trading session $8.63, low on the trading session $3.89 for a closing stock price at $7.75; Patriot Coal Corporation (PCX) gained 6.34 points on the trading session, high on the trading session $138.97, low on the trading session $126.00 for a closing stock price at $136.71; Ashland Incorporated (ASH) shed 6.31 points on the trading session, high on the trading session $45.44, low on the trading session $39.34 for a closing stock price at $41.10; Rockwell Collins Incorporated (COL) shed 4.30 points on the trading session, high on the trading session $50.65, low on the trading session $46.73 for a closing stock price at $47.16;  Petroleo Brasileiro SA (PBR) shed 0.03 points on the trading session, high on the trading session $63.20, low on the trading session $60.91 for a closing stock price at $61.71; Continental Resources Incorporated (CLR) gained 1.37 points on the trading session, high on the trading session $83.81, low on the trading session $76.67 for a closing stock price at $80.02; Mosaic Company (MOS) gained 1.72 points on the trading session, high on the trading session $142.92, low on the trading session $136.77 for a closing stock price at $141.81; CME Group Incorporated (NYSE: CME) shed 3.20 points on the trading session, high on the trading session $320.00, low on the trading session $292.61 for a closing stock price at $306.50; Walter Industries Incorporated (NYSE: WLT) gained 2.18 points on the trading session, high on the trading session $93.71, low on the trading session $84.01 for a closing stock price at $88.73; IntercontinentalExchange Incorporated (ICE) gained 3.10 points on the trading session, high on the trading session $*90.61, low on the trading session $80.20 for a closing stock price at $88.40.Market trends on the NASDAQ today: advanced stocks 1,368; declined stocks 1,495; unchanged stocks 151; stocks hitting new highs 16; stocks hitting new lows 396. 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: Google Incorporated (GOOG) shed 6.77 points on the trading session, high on the trading session $539.50, low on the trading session $519.43 for a closing stock price at $533.50; Deckers Outdoor Corporation (DECK) shed 10.45 points on the trading session, high on the trading session $126.78, low on the trading session $109.06 for a closing stock price at $112.85; Baidu.com Incorporated  (BIDU) shed 24.23 points on the trading session, high on the trading session $323.99, low on the trading session $303.29 for a closing stock price at $305.08; Penn National Gaming (PENN) shed 2.59 points on the trading session, high on the trading session $26.81, low on the trading session $23.30 for a closing stock price at $24.47; WestAmerica Bancorp (WABC) shed 3.16 points on the trading session, high on the trading session $47.74, low on the trading session $35.50 for a closing stock price at $44.84.Market trends on the American Stock Exchange (AMEX) today: advanced stocks 421; declined stocks 771; unchanged stocks 87; stocks hitting new highs 29; stocks hitting new lows 182.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 1239.75, change 0.00E-mini NASDAQ-100 (NQ) end of day price 1819.00, change -1.50E-mini S&P SmallCap 600 (SMP) end of day price 354.20, change 0.10$5 DJIA (YM) end of day price 11,090, change -6World Currencies at time of this posting:Euro 0.6288 to U.S. Dollars 1.5903Japanese Yen 106.08 to U.S. Dollars 0.0094British Pound 0.5023 to U.S. Dollars 1.9909Canadian Dollar 1.0094 to U.S. Dollars 0.9907Swiss Franc 1.0174 to U.S. Dollars 0.9829Commodities Markets:Energy Sector: Light Crude (NYM) gained $3.43 on the day for a closing price of the range of $145.08 a gallon ($US per bbl.); Heating Oil (NYM) gained $0.04 on the day for a closing price of $4.08 a gallon ($US per gal.); Natural Gas (NYM) shed $0.39 on the day for a closing price of $11.99 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.05 on the day for a closing price of $3.56 a gallon ($US per gal.). Metals Markets: Gold Market Price (CMX) gained $18.60 on the day for a closing price of $960.60 ($US per Troy oz.); Silver (CMX) gained $0.50 on the day for a closing price of $18.82 ($US per Troy oz.); Platinum (NYM) gained $48.80 on the day for a closing price of $2,047.20 ($US per Troy oz.) and Copper (CMX) gained $0.02 on the day for a closing price of $3.74 ($US per lb.). Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.38 on the day for a closing price of 71.25; Pork Bellies (CME) shed 0.40 on the day for a closing price of 66.38; Live Cattle (CME) shed 0.85 on the day for a closing price of 101.20; Feeder Cattle (CME) shed 0.93 on the day for a closing price of 111.73. Other Commodities (cents per bu.): Corn (CBT) gained 5.00 on the day for a closing price of 709.25 and Soybeans (CBT) gained 9.0 on the day for a closing price of 1,596.00.Bond action for the day: 2 year bond shed 5/32 on the day for a closing price of 100 23/32 with a Yield of 2.60, Yield Change +0.20; 5 year bond shed 13/32 on the day for a closing price of 100 30/32 with a Yield of 3.28, Yield Change +0.21; 10 year bond shed 18/32 on the day for a closing price of 100 1/32 with a Yield of 3.95, Yield Change +0.15; the 30 year bond shed 28/32 on the day for a closing price of 98 15/32 with a Yield of 4.52, Yield Change +0.11.University of Michigan Mid-July Sentiment came in at 56.6 compared to reading in June at 56.4; University of Michigan Mid-July Current Index came in at 69.5 compared to reading in June at 67.6; University of Michigan Mid-July Expectations came in at 48.3 compared to reading in June at 49.2; University of Michigan 12-Month Inflation Forecast increased by 5.3% compared to reading in June of an increase by 5.1%; University of Michigan 5-Year Inflation Forecast increased by 3.4% compared to reading in June of an increase by 3.4%.U.S. June Import Prices rose 2.6% compared to consensus was an increase by 2.0%; U.S. June Non-Petroleum Import Prices rose 0.9%; U.S. June Petroleum Import Prices rose 7.4%; U.S. Import Prices rose 20.5% on the year setting a record high; U.S. Import Prices from China up a record 4.8% on the year; U.S. May Trade Deficit came in at $59.79 Billion compared to consensus Deficit at $62.70 Billion; April Trade Balance revised to Deficit of $60.50 Billion from Deficit of $60.90 Billion; May Exports came in at $157.55 Billion at an increase by 0.9%; May Imports came in at $217.34 Billion at an increase by 0.3%.At the close of the week, performance results for our Moderators:Stocks Trading Room:  Jeannie $8,433Barry $12,708Marty $8,317Sam $5,727Futures Trading Room: JT $5,302.50Forex Trading Room: JT $17,450 Daily Swing Trades: Barry $8,810 Weekly Swing Trades:Jeannie $5,100 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.Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.Thanks for readingMillennium-Traders.Comhttp://www.millennium-traders.com

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