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Subprime Mortgages

 
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PostPosted: Tue Jul 15, 2008 2:40 am    Post subject: Subprime Mortgages Reply with quote

Daily Market Commentary for July 14, 2008 from Millennium-Traders.Com

The proposed final rules are intended to protect consumers from unfair or
deceptive acts and practices in mortgage lending, while keeping credit
available to qualified borrowers and supporting sustainable
homeownership," said Fed Chairman Ben Bernanke. (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 world market as
well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) loss of 45.59 points on the day to end
the trading session at 11,054.95
NYSE (New York Stock Exchange) loss of 59.78 points to end the trading
session at 8,287.76
NASDAQ loss of 26.21 points to end the trading session at 2,212.97
S&P 500 loss of 11.25 points to end the trading session at 1,228.24
FTSE All-World ex-U.S. gain of 0.03 points to end the trading session at
222.45
FTSE RAFI 1000 loss of 45.79 points to end the trading session at
4,726.92
BEL 20 (BEL20) gain of 9.71 points to end the trading session at 2,969.06
CAC 40 (CAC40) gain of 41.89 points to end the trading session at
4,142.53
FTSE100 (UKX100) gain of 38.8 points to end the trading session at
5,300.4
NIKKEI 225 (NIK/O) loss of 29.53 points to end the trading session at
13,010.16

Market trends on the New York Stock Exchange (NYSE) today: advanced stocks
1,006; declined stocks 2,253; unchanged stocks 53; stocks hitting new highs
14; stocks hitting new lows 683. 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: M&T
Bank Corporation (NYSE: MTB) shed 10.88 points on the trading session, high
on the trading session $71.00, low on the trading session $53.61 for a
closing stock price at $58.82; Goldman Sachs Group Incorporated (NYSE: GS)
shed 3.81 points on the trading session, high on the trading session
$168.00, low on the trading session $158.57 for a closing stock price at
$158.67; Ultrashort Financial (NYSE: SKF) gained 17.32 points on the
trading session, high on the trading session $192.31, low on the trading
session $163.70 for a closing stock price at $192.0; Potash Corporation
Saskatchewan (NYSE: POT) gained 7.17 points on the trading session, high
on the trading session $229.95, low on the trading session $223.84 for a
closing stock price at $228.55; Fannie Mae (NYSE: FNM) shed 0.37 points on
the trading session, high on the trading session $13.50 low on the trading
session $8.65 for a closing stock price at $9.88; Freddie Mac (NYSE: FRE)
shed 0.45 points on the trading session, high on the trading session
$9.80, low on the trading session $6.09 for a closing stock price at
$7.30.

Market trends on the NASDAQ today: advanced stocks 868; declined stocks
2,043; unchanged stocks 131; stocks hitting new highs 26; stocks hitting
new lows 367. 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) gained 0.79 points on the trading session, high on the trading
session $179.30, low on the trading session $173.68 for a closing stock
price at $173.37; Canadian Solar Incorporated (NasdaqGS: CSIQ) gained 4.90
points on the trading session, high on the trading session $39.22, low on
the trading session $35.05 for a closing stock price at $37.30; SunPower
Corporation (NasdaqGS: SPWR) gained 1.17 points on the trading session,
high on the trading session $74.63, low on the trading session $71.50 for
a closing stock price at $73.00; First Solar Incorporated (NasdaqGS: FSLR)
gained 6.13 points on the trading session, high on the trading session
$288.00, low on the trading session $281.31 for a closing stock price at
$285.23; James River Coal Company (NasdaqGS: JRCC) gained 2.44 points on
the trading session, high on the trading session $51.23, low on the
trading session $47.00 for a closing stock price at $50.03; Zions
Bancorporation (NasdaqGS: ZION) shed 4.52 points on the trading session,
high on the trading session $25.44, low on the trading session $19.66 for
a closing stock price at $21.16; WestAmerica Bancorporation (NasdaqGS:
WABC) shed 2.13 points on the trading session, high on the trading session
$47.30, low on the trading session $40.80 for a closing stock price at
$42.70; Baidu.com Incorporated Baidu.com Incorporated (NasdaqGS: BIDU)
shed 13.81 points on the trading session, high on the trading session
$314.53, low on the trading session $287.10 for a closing stock price at
$291.27; Google Incorporated (NasdaqGS: GOOG) shed 12.80 points on the
trading session, high on the trading session $540.06, low on the trading
session $515.45 for a closing stock price at $521.00.

Market trends on the American Stock Exchange (AMEX) today: advanced stocks
463; declined stocks 743; unchanged stocks 95; stocks hitting new highs 15;
stocks hitting new lows 154.

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 1227.00, change -12.75
E-mini NASDAQ-100 (NQ) end of day price 1800.50, change -20.11
E-mini S&P SmallCap 600 (SMP) end of day price 349.00, change -4.90
$5 DJIA (YM) end of day price 11,026, change -70

World Currencies at time of this posting:
Euro 0.6285 to U.S. Dollars 1.591
Japanese Yen 106.12 to U.S. Dollars 0.0094
British Pound 0.5015 to U.S. Dollars 1.994
Canadian Dollar 1.0052 to U.S. Dollars 0.9948
Swiss Franc 1.0163 to U.S. Dollars 0.984

Commodities Markets:
Energy Sector: Light Crude (NYM) gained $0.10 on the day for a closing
price of the range of $145.18 a gallon ($US per bbl.); Heating Oil (NYM)
gained $0.01 on the day for a closing price of $4.13 a gallon ($US per
gal.); Natural Gas (NYM) gained $0.07 on the day for a closing price of
$12.06 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.01 on
the day for a closing price of $3.56 a gallon ($US per gal.).

Metals Markets: Gold Market Price (CMX) gained $13.10 on the day for a
closing price of $973.70 ($US per Troy oz.); Silver (CMX) gained $0.43 on
the day for a closing price of $19.25 ($US per Troy oz.); Platinum (NYM)
shed $11.20 on the day for a closing price of $2,036.00 ($US per Troy oz.)
and Copper (CMX) gained $0.01 on the day for a closing price of $3.75 ($US
per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.38 on
the day for a closing price of 70.88; Pork Bellies (CME) shed 0.33 on the
day for a closing price of 66.05; Live Cattle (CME) shed 2.18 on the day
for a closing price of 106.40; Feeder Cattle (CME) shed 1.55 on the day
for a closing price of 110.18.

Other Commodities (cents per bu.): Corn (CBT) shed 27.00 on the day for a
closing price of 682.25 and Soybeans (CBT) shed 37.0 on the day for a
closing price of 1,559.00.

Bond action for the day: 2 year bond gained 7/32 on the day for a closing
price of 100 24/32 with a Yield of 2.46, Yield Change -0.13; 5 year bond
gained 13/32 on the day for a closing price of 100 28/32 with a Yield of
3.17, Yield Change -0.09; 10 year bond gained 23/32 on the day for a
closing price of 100 2/32 with a Yield of 3.86, Yield Change -0.09; the 30
year bond gained 1 9/32 on the day for a closing price of 98 21/32 with a
Yield of 4.45, Yield Change -0.08.

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

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