PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Millennium-Traders

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Market Commentary for November 17, 2006 from Millennium-Traders.com - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news
Market Commentary for November 17, 2006 from Millennium-Traders.com

 

NewswireToday - /newswire/ - Somerset, PA, United States, 2006/11/17 - Written for day traders, active traders and investors. A review of the market activity for the day, economic data plus, world news.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Brokerage/Trading Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Typical Friday action with tight trading ranges amidst light to moderate trading volume created frustration for many day traders, through out the session. Options expiration did not help matters either. At the closing bell, here is how the major indices stacked up: the DOW (Dow Jones Industrial Average) gained 36.74 points to close at 12342.56; the NYSE (New York Stock Exchange) ended the session with a gain of 2.70 to close at 8897.18; the NASDAQ fell 3.20 points after spending the session in the red zone to close at 2445.86; the S&P 500 (Standard & Poor’s 500 Index) moved higher minutely by 1.05 points to close at 1400.81 and the RUSSELL 2000 fell by 2.76 points to end the day at 787.99.
The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the worlds investable market capitalization) moved lower by 0.20 to close at 231.04 and the FTSE RAFI 1000 moved lower by 0.54 points to close at 5819.12.

Economic data released for the day:

Housing Starts: A monthly measure of initial construction of new homes, single family residential units and multi family units as released by the Commerce Department. A rising trend indicates an increase in demand for home furnishings, appliances and furniture. September Housing Starts were revised to an increase by 4.9% from a rise by 5.9%; Building Permits fell by 6.3% to 1.535 Million in October and U.S. October Housing Starts fell by 14.6% to 1.486 million compared to consensus of a drop by 5.6%.

Comments from Deputy Treasury Secretary Robert Kimmitt: China must accelerate currency reform; expects Yuan reform to be raised at G20; Washington wants elevated Chinese dialogue; U.S. economic outlook "solid" over medium term; sees good sustainable U.S. growth; U.S. inflation remains low and good progress made in cutting U.S. budget deficit.

Comments today from Richard W. Fisher, President of the Federal Reserve Bank of Dallas: Don't question Central Banks, Anti-CPI stance; increased Euro Reserve use not unhealthy; uncomfortable with CPI above 2% level; decisions not directed at satisfying markets; too early to tell if CPI trend has changed and must remain "constantly vigilant" on CPI.

On the commodities markets, the trend was mixed across the board today: Light crude fell by $0.45 to close at $55.81 a barrel; Brent Crude ended the day on Wednesday with a gain of $0.62 to close at $59.46 a barrel; Heating Oil closed higher by $0.01to close at $1.72 a gallon; Natural Gas ended the day higher by $0.35 to end the day at $8.52 per million BTU and Unleaded Gas closed at $1.54 a gallon with a gain of $0.01.

Metals ended the session mixed across the board again today: Gold rose higher by $0.80 to close at $622.50 an ounce; Silver closed lower by $0.15 at $12.88 an ounce; Platinum moved higher by $2.80 to close at $1,192.10 an ounce and Copper ended the day higher by $0.02 to close at $3.09 per pound.

On the Livestock and Meat markets, the trend was mixed across the board today: Lean Hogs moved lower by 0.60 to close at 64.93; Pork Bellies closed higher by 1.63 to end the day at 92.63; Live Cattle moved lower by 0.53 to end the day at 90.23 and Feeder Cattle ended the day higher by 0.18 to close at 98.38.

Other Commodities: Corn moved higher by 4.50 to close at 370.50 and Soybeans moved higher by 4.00 to close at 660.50.

Bonds were higher across the board today: 2 year Bond closed with a gain of 5/32 at 100 6/32; 5 year bond closed higher by 11/32 to close at 100 3/32; 10 year bond moved higher by 16/32 to end the day at 100 16/32 and the 30 year bond closed higher by 26/32 at 96 31/32.

The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 4,937,445. Open Interest for Futures rose by 2,838 to close at 8,851,655 and the Open Interest for Options moved higher by 89,817 to close at 8,528,986344 for a total Open Interest of 17,380,641 for a total gain on the day by 92,655. The mini Dow ended the session with a gain of 17 to close at 12367. The total Dow Exchange Volume for the day came in at 112,720 which are comprised of Electronic, Open Auction and Cash Exchange. Traders should review workshops available at the CBOT (Chicago Board of Trade) Educational in-person seminars schedules available on CBOT (Chicago Board of Trade) website.

New York Stock Exchange movers for the day: Chicago Mercantile Exchange Holdings (CME) shed 5.05 points to close at $535.00; Rio Tinto plc (RTP) fell by 1.62 points to end the day at $204.29; NYMEX Holdings Incorporated (NMX) rallied on its IPO debut to close at $132.99; United States Steel Corporation (X) rallied higher by 6 points to end at $70.57 and Intercontinental Exchange Incorporated (ICE) gained 6.60 points to close at $101.20.

On the NASDAQ today, advancers came in at 1,256; decliners totaled 1,764; unchanged came in at 170; new highs came in at 122 and new lows came in at 29. Gainers and losers for the day on the NASDAQ: Conor Medsystems Incorporated (CONR) moved higher by 5.14 points to end at $32.66; Citi Trends (CTRN) gained 2.06 points to close at $44.78; First Solar Incorporated (FSLR) on its IPO debut closed at $24.72 and OYO Geospace Corporation (OYOG) fell by 5.93 points to end the day at $53.19.

One Week Free Trial is available for our Stocks Day Trading Room, Futures & Commodities Day Trading Room and Forex Day Trading Room with no credit card necessary. Millennium Gear is now available for those interested in personalized Millennium-Traders merchandise. Traders should consider purchasing our proprietary Chart Settings which are available for either Stocks or Futures & Commodities. Voice your opinion on a wide our Message Board. Free Registration available.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Brokerage/Trading Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Millennium-Traders

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Brokerage/Trading articles,
CATCH Visitors via Your Competitors Announcements!


Market Commentary for November 17, 2006 from Millennium-Traders.com

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: MTnews - Millennium-Traders.com 
814-445-1035 support[.]millennium-traders.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Millennium-Traders securities in any jurisdiction including any other companies listed or named in this release.

Brokerage/Trading via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Millennium-Traders / Company Profile


Read Brokerage/Trading Most Recent Related Newswires:

SRMEX's Vice Chairman Eikichi Hirano About the Gradual Expansion of Capital Market
Xtrade Wins Best Broker in the Middle East Award
Russian Foreign Trade Reports on Russian Trade with North American Countries Q1 2016
DarkMaindFX Introduces the Beta Version of its Economic Indicator Services
Hermes International Expo to Celebrate 25th Anniversary in Delaware County
GoldSilver Central Approved As Singapore Bullion Market Association Member
OANDA Acquires Tradestation Forex Accounts
[TYPO FOUND BY SYSTEM] Beeline Broking Ltd Launches 'Tailor Made Brokerage Plan'
Signals365.com Announces Key Features - Makes it the Best Binary Options Signals Service
Binary Options Signals from Signals365.com Helps Traders to Get Higher Win-Rate
/RC/ Van Ecker Couder Associates Announce Expansion Program
/RC/ Voth Nixon Group Bolsters Deferred Income Annuity
Grant Becker Associates Chalks Up Another Successful Year of CSR Activities
Evanson Asset Management Dividend Stocks to Safeguard An All-weather Portfolio
AKFinancials Announces its 2015 Forex Course Schedule

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)