Presidential Election Process

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Daily Market Commentary for November 3, 2008 from

Many traders anticipate a change in market sentiment after the presidential election, has been decided by, we the people. ()

Economic data released today:

Construction Spending:
U.S. Construction Spending down 0.3 percent in September compared to consensus of a drop by 0.7 percent and August Construction Spending revised to increase by 0.3 percent from unchanged.

Institute for Supply Management Manufacturing Index:
U.S. ISM October Manufacturing Business Index came in at 38.9; U.S. ISM October Manufacturing Business Index expected to come in 41.5; U.S. ISM October Manufacturing Business Index came in at 38.9 versus September reading at 43.5; U.S. ISM October Prices Index came in at 37.0 versus September 53.5; U.S. ISM October Employment Index came in at 34.6 versus September reading at 41.8; U.S. ISM October New Orders Index came in at 32.2 versus September reading at 38.8; U.S. ISM October Production Index came in at 34.1 versus September reading at 40.8; U.S. ISM October Inventories Index came in at 44.3 versus September reading at 43.4.

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 5.18 points on the day to end the trading session at 9,319.83
NYSE (New York Stock Exchange) loss of 6.11 points to end the trading session at 6,054.98
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 5.38 points to end the trading session at 1,726.33
S&P 500 loss of 2.45 points to end the trading session at 966.30
FTSE All-World excluding U.S. gain of 0.92 points to end the trading session at 155.33
FTSE RAFI 1000 gain of 0.92 points to end the trading session at 3,768.83
BEL 20 (BEL20) gain of 72.88 points to end the trading session at 2,173.06
CAC 40 (CAC40) gain of 40.90 points to end the trading session at 3,527.97
FTSE100 (UKX100) gain of 65.94 points to end the trading session at 4,443.28
NIKKEI 225 (NIK/O) closed - triple digit gain of 817.86 points to end the trading session at 9,029.76

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 1,780, declined stock prices 1,409; unchanged stock prices 75; stock prices hitting new highs 11 and stock prices hitting new lows 22. 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: Brink's Company (NYSE: BCO) stock price shed 21.17 points on the trading session, high on the trading session $27.75, low on the trading session $26.90 with a closing stock price at $27.31; Huntsman Corporation (NYSE: HUN) stock price gained 0.19 points on the trading session, high on the trading session $10.65, low on the trading session $9.909 with a closing stock price at $10.29; Covance Incorporated (NYSE: CVD) stock price gained 9.39 points on the trading session, high on the trading session $60.27, low on the trading session $50.00 with a closing stock price at $59.39; Las Vegas Sands Corporation (NYSE: LVS) stock price shed 0.10 points on the trading session, high on the trading session $16.81, low on the trading session $13.51 with a closing stock price at $14.09; Hartford Financial Services (NYSE: HIG) stock price gained 5.96 points on the trading session, high on the trading session $16.84, low on the trading session $11.30 with a closing stock price at $16.28; Essex Property Trust Incorporated (NYSE: ESS) stock price shed 9.72 points on the trading session, high on the trading session $95.00, low on the trading session $86.61 with a closing stock price at $87.58; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 0.28 points on the trading session, high on the trading session $89.50, low on the trading session $83.88 with a closing stock price at $84.98; Boston Properties Incorporated (NYSE: BXP) stock price shed 4.39 points on the trading session, high on the trading session $71.82, low on the trading session $65.59 with a closing stock price at $66.49; Diamond Offshore Drilling Incorporated (NYSE: DO) stock price shed 5.13 points on the trading session, high on the trading session $86.23, low on the trading session $82.20 with a closing stock price at $83.67; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 3.41 points on the trading session, high on the trading session $95.25, low on the trading session $87.31 with a closing stock price at $89.09.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,602; declined stock prices 1,271; unchanged stock prices 124; stock prices hitting new highs 14; stock prices hitting new lows 55. 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: Google Incorporated (NasdaqGS: GOOG) stock price shed 12.97 points on the trading session, high on the trading session $362.99, low on the trading session $341.43 with a closing stock price at $346.39; DryShips Incorporated (NasdaqGS: DRYS) stock price gained 2.75 points on the trading session, high on the trading session $23.93, low on the trading session $21.25 with a closing stock price at $22.00; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 0.30 points on the trading session, high on the trading session $215.59, low on the trading session $202.08 with a closing stock price at $206.30.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 572; declined stock prices 417; unchanged stock prices 85; stock prices hitting new highs n/a and stock prices hitting new lows 16.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
E-mini S&P 500 (ES) end of day price 968.75 change 1.50
E-mini NASDAQ-100 (NQ) end of day price 1,340.75 change 3.75
E-mini S&P SmallCap 600 (SMP) end of day price 287.90 change 0.00
$5 DJIA (YM) end of day price 9,281 change 12-17

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7910 to U.S. Dollars 1.2642
Japanese Yen 99.16 to U.S. Dollars 0.0101
British Pound 0.6318 to U.S. Dollars 1.5828
Canadian Dollar 1.1819 to U.S. Dollars 0.8461
Swiss Franc 1.1744 to U.S. Dollars 0.8515

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $3.90 on the day for a closing price of $63.91 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) loss $0.10 on the day for a closing price of $1.99 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) gained $0.03 on the day for a closing price of $7.09 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) loss $0.13 on the day for a closing price of $1.36 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) gained $8.60 on the day for a closing price of $726.80 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.02 on the day for a closing price of $9.75 ($US per Troy ounce)
Platinum (NYMEX: NYM) loss $4.50 on the day for a closing price of $827.10 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.01 on the day for a closing price of $1.84 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.40 on the day for a closing price of 54.40
Pork Bellies (Chicago Mercantile Exchange: CME) shed 0.88 on the day for a closing price of 83.90
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.63 on the day for a closing price of 93.33
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 1.13 on the day for a closing price of 99.18

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 1.50 on the day for a closing price of 403.00
Soybeans (Chicago Board of Trade: CBT) gained 4.50 on the day for a closing price of 937.50

Bond Market:
2 year bond gained 7/32 on the day for a closing price of 100 3/32 with a Yield of 1.44, Yield Change -0.11
5 year bond gained 15/32 on the day for a closing price of 100 7/32 with a Yield of 2.70, Yield Change -0.10
10 year bond gained 11/32 on the day for a closing price of 100 22/32 with a Yield of 3.91, Yield Change -0.04
30 year bond shed 19/32 on the day for a closing price of 102 24/32 with a Yield of 4.34, Yield Change -0.02

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