Archive for the ‘day-trading’ Category
Bull Market
Daily Market Commentary for July 25, 2008 from Millennium-Traders.Com
Are the Bulls back? At the closing bell, the major U.S. indices held positive to end the trading week on an upward tone. Investors however, were very skeptical of holding any position over the weekend. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
Stock pick on the move today: Massey Energy Company (MEE) with a trading range of over 9 points on the trading session. Massey has begun to become more active and attractive for day traders. Its movement during the trading session attracts the momentum day trader. Throughout this past week, Massey has held in a trading range from lows below $62 to over $74 on Monday during the first trading day of Read the rest of this entry »
No CommentsFederal Reserve Interest Rates
Daily Market Commentary for August 5, 2008 from Millennium-Traders.Com
Federal Open Market Committee decided today to keep its target for the federal funds rate at 2%. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
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 gain of 331.21 points on the day to end the trading session at 11,615.36
NYSE (New York Stock Exchange) triple digit gain of 203.20 Read the rest of this entry »
Bad Credit Mortgages
Daily Market Commentary for July 23, 2008 from Millennium-Traders.Com
Quarterly losses for WaMu came in at $3.33 Billion or $6.58 per share compared to year ago profit of $830 Million or 92 cents per share. To cover bad mortgage loans, WaMu increased their reserves to more than $8 Billion. (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) gain of 31.34 points on the day to end the trading session at 11,633.84
NYSE (New York Stock Exchange) gain of 13.92 points Read the rest of this entry »
Stock Market News
Daily Market Commentary for July 18, 2008 from Millennium-Traders.Com
Earnings reported on Merrill Lynch (NYSE: MER) came in with a loss of $4.9 billion with a $9.4 billion in losses related to mortgage losses. Google shares (NasdaqGS: GOOG) got slammed after reported earnings at $1.25 billion or $3.92 per share. (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) gain of 49.91 points on the day to end the trading session at 11,496.57
NYSE (New York Stock Exchange) gain of 38.80 Read the rest of this entry »
Subprime Mortgages
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 Read the rest of this entry »
Market Economy
Daily Market Commentary for August 1, 2008 from Millennium-Traders.Com
So how are soaring energy and food prices really effecting consumers? For weeks and months, the economic situation in the country has been painted as very gloomy. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
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) loss of 48.77 points on the day to end the trading session at 11,329.25
NYSE (New York Stock Exchange) loss of 59.48 points to end the trading session at 8,379.16
NASDAQ Read the rest of this entry »
Berkshire Hathaway
Daily Market Commentary for July 10, 2008 from Millennium-Traders.Com
A 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.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) gain of 82.07 points on the day to end the trading Read the rest of this entry »
No CommentsStrait of Hormuz
Daily Market Commentary for July 9, 2008 from Millennium-Traders.Com
The Bears were in full control of market action today with major U.S. indices closing at or near their lows for the day, at the closing bell. Both the DOW and the S&P 500 closed at new lows for this year so far. (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) triple digit loss of 237.26 points on the day to end the trading session at 11,146.95
NYSE (New York Read the rest of this entry »
Stock Market Crash
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 Read the rest of this entry »
Mortgage Loans
Daily Market Commentary for July 30, 2008 from Millennium-Traders.Com
MBA (Mortgage Bankers Association) Purchase Applications data released today: Mortgage Applications fell a seasonally adjusted 14.1% last week, as applicants shrugged off lower interest rates on fixed-rate loans per the MBA today. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
Hot Stock picks on the move today for day trading: CF Holdings Incorporated (NYSE: CF) with a daily trading range of over eleven points. Day traders enjoyed the trading activity of CF Industries both on the long and short selling ends. A very nice ride into higher territory began at the opening bell until shortly after the eleven am trading hour. At that point, short sellers moved in for short rides to the down Read the rest of this entry »
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