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What Is A Bear Market

By admin on Wednesday, 20th January 2010

Daily Market Commentary for February 19, 2009 from Millennium-Traders.ComDow theory, reestablish the primary bear market, a close under 7552 would be the lowest since the index hit 7524 on March 11, 2003 and the next low is 7286 last hit October 9, 2002. (read more)http://www.millennium-traders.com/news/newscommentary.aspxEconomic data released today:Jobless Claims:U.S. Jobless Claims Unchanged at 627K for week of February 14 compared to survey of a drop by 1K; U.S. Continuing Claims for week of February 7 rose 170K to 4,987,000; U.S. Jobless Claims Revised for week of February 7 to 627K from 623K; U.S. Continuing Jobless Claims hit Highest on Record.Producer Price Index:U.S. January Producer Prices rose 0.8% compared to consensus of an increase by 0.3%; U.S. January PPI Excluding-Food & Energy rose 0.4% compared to consensus of an increase by 0.1%; U.S. January PPI Intermediate Goods fell 0.7%; U.S. January PPI Intermediate Goods Core fell 1.1%; U.S. January PPI Crude Goods fell 2.9%; U.S. January PPI Crude Goods Core rose 0.1%; U.S. January PPI Energy Prices rose 3.7%; U.S. Jan Passenger Car Prices rose 0.3%; U.S. December PPI Unrevised at a drop by 1.9%.Leading Indicators:U.S. Conference Board January Coincident Index fell 0.5%; U.S. Conference Board January Lagging Index fell 0.1%.Philadelphia Fed Survey:February Delivery Times fell 29.2 versus January drop by 26.5; February Inventories fell 24.3 versus January drop by 34.6; February Business Index fell 41.3 versus January drop by 24.3; February Business Index Expected to drop by 25.0; February Price Paid fell 13.7 versus January drop by 27.0; February Price Received fell 27.8 versus January drop by 26.2; February Employment fell 45.8 versus January drop by 39.0; February New Orders fell 30.3 versus January drop by 22.3; February Shipments fell 32.4 versus January drop by 16.7.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 trading session on the world markets as well as the emerging markets including the stock market closing bell price:DOW (Dow Jones Industrial Average) loss of 89.68 points to end the trading session at 7,465.95NYSE (New York Stock Exchange) loss of 43.38 points to end the trading session at 4,881.16National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 25.15 points to end the trading session at 1,442.82S&P 500 (SPX) loss of 9.48 points to end the trading session at 778.94BEL 20 (BEL20) gain of 27.01 points to end the trading session at 1,783.20CAC 40 (CAC40) loss of 1.47 points to end the trading session at 2,872.60FTSE100 (UKX100) gain of 11.54 points to end the trading session at 4,018.37NIKKEI 225 (NIK/O) gain of 23.21 points at the end the trading session at 7,557.65New York Stock Exchange (NYSE) stock market indicators for the trading session today:Advanced stock prices 892, declined stock prices 2,201, unchanged stock prices 107, stock prices hitting new highs 2 and stock prices hitting new lows 289. 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: ITT Educational Services (NYSE: ESI) stock price shed 18.17 points on the trading session, high on the trading session $126.50, low on the trading session $103.68, with a closing stock price at $06.16; Hormel Foods Corporation (NYSE: HRL) stock price gained 2.39 points on the trading session, high on the trading session $33.05, low on the trading session $31.01, with a closing stock price at $32.81; Advance Auto Parts (NYSE: AAP) stock price gained 4.37 points on the trading session, high on the trading session $37.93, low on the trading session $36.26, with a closing stock price at $37.00; CVS Caremark (NYSE: CVS) stock price gained 1.72 points on the trading session, high on the trading session $29.61, low on the trading session $28.46, with a closing stock price at $28.71.National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:Advanced stock prices 898, declined stock prices 1,835, unchanged stock prices 174, stock prices hitting new highs 6 and stock prices hitting new lows 275. 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: BioMarin Pharmaceutical (NasdaqGS: BMRN) stock price shed 5.69 points on the trading session, high on the trading session $13.40, low on the trading session $11.82, with a closing stock price at $12.00; Itron (NasdaqGS: ITRI ) stock price shed 7.46 points on the trading session, high on the trading session $50.92, low on the trading session $45.64, with a closing stock price at $46.00; First Solar Incorporated (NasdaqGS: FSLR) stock price gained 3.61 points on the trading session, high on the trading session $135.00, low on the trading session $130.59 with a closing stock price at $132.83; Baidu, Incorporated (NasdaqGS: BIDU) stock price gained 4.41 points on the trading session, high on the trading session $139.00, low on the trading session $131.83, with a closing stock price at $132.50.Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:Advanced stock prices 219, declined stock prices 343, unchanged stock prices 62, stock prices hitting new highs 5 and stock prices hitting new lows 25.Chicago Board of Trade Futures Market for the day, at time of this posting:E-mini S&P 500 (ES) Mar 09: End of trading session price 777.25; Change for the trading session -2.25E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,168.25; Change for the trading session -11.75E-mini DOW $5 (YM) Mar 09: End of trading session price 7,451; Change for the trading session -32E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 470.20; Change for the trading session -2.90E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 7,515; Change for the trading session -45World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:Euro 0.7900 to U.S. Dollars 1.2658Japanese Yen 94.270 to U.S. Dollars 0.0106British Pound 0.7004 to U.S. Dollars 1.4278Canadian Dollar 1.2590 to U.S. Dollars 0.7943Swiss Franc 1.1746 to U.S. Dollars 0.8514COMMODITY MARKETS:Energy Sector – Nymex:Light Crude (March 09) gained $4.86 on the trading session for a closing price of $39.48 per barrel ($US per barrel)Heating Oil (March 09) gained $0.06 on the trading session for a closing price of $1.20 a gallon ($US per gallon)Natural Gas (March 09) shed $0.13 on the trading session for a closing price of $4.11 per million BTU ($US per mmbtu.)Unleaded Gas (March 09) gained $0.03 on the trading session for a closing price of $1.10 a gallon ($US per gallon) Metals Markets – Comex:Gold (April 09) shed $1.70 on the trading session for a closing price of $976.50 ($US per Troy ounce)Silver (March 09) shed $0.36 on the trading session for a closing price of $13.94 ($US per Troy ounce)Platinum (April 09) shed $22.40 on the trading session for a closing price of $1,067.50 ($US per Troy ounce)Copper (March 09) gained $0.03 on the trading session for a closing price of $1.49 ($US per pound) Livestock and Meat Markets – Chicago Mercantile Exchange (cents per lb.):Lean Hogs (April 09) shed 0.23 on the trading session for a closing price of 60.58Pork Bellies (March 09) shed 0.90 on the trading session for a closing price of 79.45Live Cattle (April 09) gained 1.83 on the trading session for a closing price of 84.75Feeder Cattle (March 09) gained 1.60 on the trading session for a closing price of 90.63 Other Commodities – Chicago Board of Trade (cents per bushel):Corn (March 09) gained 4.00 on the trading session for a closing price of 362.00Soybeans (March 09) shed 0.50 on the trading session for a closing price of 886.00BOND MARKET:2 year Bond Closing price 99 25/32, change -1/32, Yield 0.97, Yield change 0.015 year Bond closing price of 99 14/32, change -9/32, Yield 1.86, Yield change 0.0610 year Bond closing price 99 5/32, change -25/32, Yield 2.84, Yield change 0.0930 year Bond closing price 97 7/32, change -1 30/32, Yield 3.65, Yield change 0.11Thanks for readingMillennium-Traders.Comhttp://www.millennium-traders.com

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