Market Has Lit Its Last Rock (of Crack)

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OK – so the DAX is up a little over 400 points in three sessions – apparently the Krauts are perfectly happy that their children’s labour is being sold off by a bunch of wog bureaucrats (Draghi and Monti), and they think that it’s all Schmiles und Sunschein from here on out. Alles ist gut – ze Woggo ├╝berbanksters are going to fix everytink mit die clever wog-bond-buying.

Now the Krauts are supposedly a pretty hard-headed lot: good engineers and so forth. They’re not known for being the most credulous bunch in the world, although they did fall for that little guy with a funny moustache in the early part of last century… what was his name again? Charlie Chaplin? No… Adolf something. You know the guy – he’s on the History Channel pretty much every day. Not a fan of the Red Sea Pedestrians, if memory serves.

Anyhow… let’s leave lapses like that aside. Everyone gets to make one big mistake per century.

The other thing that the Kraut market reveals in spades is trend-following that makes the Nasdaq traders from 1999 and 2000 seem positively contrarian by comparison. At turning points, you would swear that there’s nobody on the other side of the market in DAX futures/CFDs… the thing melts up (or down, at oversold extremes) 10, 15 points in twenty seconds, and can’t get a pullback for love nor money.

 

And just when you think that the trend will go on forever… something intervenes.

It’s kind of like how the whole “1000 Year Reich” schtick changed when someone pointed out that the Red Army artillery was on the outskirts of Berlin.

And so it will be when someone points out that France and Germany can’t afford to bail out their sun-drenched lazy Southern cousins (well Germany tout seul, in fact: France is as broke as Greece but nobody has the balls to make that call… yet).

For the moment, anybody who tries to short the DAX gets to feel the “hot buttered carrot” (or as Mav might say, the Gatorade Bottle of Doom up the Vord) for a while.

But let me say this: shorts taken any time after the first hundred points of the DAX’s post-post-Draghi bounce (i.e., any short taken with the market at 6651 or above) will eventually pay off. And once it waterfalls, it will happen in days.

OK… Bank That, Too…

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Remember back on July 12th I called for a BUY on EURUSD at 1.2172?  Bet y’all thought I was out of my god-damned mind.

Well, with EURUSD at about 1.2430 now, it’s time to bank that shit.

In the same post, I mentioned buying Gold at $1563; take half of that off too, now that it’s $50 higher.

USRant for Monday, August 6th 2012

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There was no economic data of note released in the region today.

Headline Indices

The Dow Jones Industrial Average finished the session at 13,117.51 points, a change of +21.34 points (0.16%) for the session.

The session high was 13,187.28 points, while the low was down at 13,099.72 points.

Total volume traded in the 30 components of the index was 487.6m shares. Advancers outpaced decliners by 1.7 to one, with 19 advancers to 11 decliners. Advancing volume exceeded declining volume by 409.33m to 78.27m shares. The biggest gainers (percentage-wise) were –

  • Citigroup (C) +1.16 (4.2%) to $28.56 on volume of 38.15m shares;
  • Bank Of America (BAC) +0.21 (2.8%) to $7.64 on volume of 109.01m shares;
  • AIG (AIG) +0.75 (2.4%) to $32.09 on volume of 61.83m shares;
  • Hewlett-Packard (HPQ) +0.43 (2.4%) to $18.69 on volume of 14.18m shares; and
  • Caterpillar (CAT) +1.33 (1.6%) to $86.35 on volume of 5.91m shares.

&n bsp;

The S&P500 Index advanced +3.24 points (0.23%) to 1394.23 points..

Total volume traded in the 500 components of the index was 1.96bn shares. Advancers outpaced decliners by 1.4 to one, with 255 advancers to 186 decliners. Advancing volume exceeded declining volume by 1.33bn to 619.58m shares. The biggest gainers (percentage-wise) were –

  • MGIC Investment (MTG) +0.1436 (17.1%) to $0.9836 on volume of 14.11m shares;
  • Best Buy Co.Inc. (BBY) +2.35 (13.3%) to $19.99 on volume of 49.53m shares;
  • Cognizant Technology Solutions (CTSH) +6.35 (11%) to $64.21 on volume of 8.84m shares;
  • AK Steel Holding Corp. (AKS) +0.37 (7.5%) to $5.28 on volume of 10.54m shares; and
  • United States Steel Corp. (X) +1.22 (5.6%) to $22.94 on volume of 11.38m shares.

The Nasdaq Composite gained +22.01 points (0.74%) to 2989.91 points. while the Nasdaq100 gained +18.09 points (0.68%) to 2694.09 points..

Total volume t raded in the 100 components of the index was 492.6m shares. Advancers outpaced decliners by 2.2 to one, with 62 advancers to 28 decliners. Advancing volume exceeded declining volume by 403.47m to 89.13m shares. The biggest gainers (percentage-wise) were –

  • NII Holdings (NIHD) +1.28 (18.8%) to $8.08 on volume of 15.87m shares;
  • Cognizant Technology Solutions (CTSH) +6.35 (11%) to $64.21 on volume of 8.84m shares;
  • Focus Media Holding (FMCN) +1.25 (6.3%) to $21.08 on volume of 3.48m shares;
  • Leap Wireless International (LEAP) +0.3 (5.7%) to $5.52 on volume of 2.69m shares; and
  • Vertex Pharmaceuticals (VRTX) +2.6 (5.3%) to $51.94 on volume of 2.54m shares.

Volatility

The CBOE Volatility Index rose +0.31 points (1.98%) to 15.95 points. and the CBOE Nasdaq100 Volatility Index rose +0.11 points (0.63%) to 17.57 points..

Breadth and Internals

A total of 3185 issues traded today on the NYSE; today’s total volume was 2.94bn shares. A total of 1935 stocks posted gains for the day, and volume in advancing issues totalled 1.93bn shares. Exerting downwards pressure on the index were 1130 losers, which accounted for a total declining volume of 0.98bn shares. 209 stocks made new 1-year highs on the NYSE, while 13 shares plumbed new 52-week depths.

On the Nasdaq 2580 tickers traded today; total Nasdaq volume was 1.49bn shares. A total of 1542 stocks posted gains for the day, with aggregate volume of 1.14bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 909 losers, and total declining volume was 0.34bn shares. 81 Nasdaq-listed stocks hit new 52-week highs, while 36 share s dipped to new 1-year lows.

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 0.00 N/A 0%
S&P500 Index 1394.23 +3.24 0.23%
Nasdaq Composite 2989.91 +22.01 0.74%
Nasdaq100 2694.09 +18.09 0.68%
CBOE Volatility Index 15.95 +0.31 1.98%
CBOE Nasdaq100 Volatility Index 17.57 +0.11 0.63%

Dow Darlings

  • Bank Of America (BAC) +0.21 (2.8%) to $7.64 on volume of 109m units
  • Hewlett-Packard (HPQ) +0.43 (2.4%) to $18.69 on volume of 14.2m units
  • Caterpillar (CAT) +1.33 (1.6%) to $86.35 on volume of 5.9m units
  • Alcoa (AA) +0.13 (1.6%) to $8.5 on volume of 17.3m units
  • Du Pont (DD) +0.69 (1.4%) to $50.16 on volume of 3.8m units

Dow Duds:

  • American Express (AXP) -0.51 (0.9%) to $57.1 on volume of 3.8m units
  • Home Depot (HD) -0.29 (0.6%) to $52 on volume of 6.7m units
  • Johnson & Johnson (JNJ) -0.28 (0.4%) to $68.84 on volume of 7.9m units
  • Wal-Mart (WMT) -0.27 (0.4%) to $74.28 on volume of 5.7m units
  • 3M Co (MMM) -0.29 (0.3%) to $91.41 on volume of 1.7m units

Most Traded Dow stocks:

  • Bank Of America (BAC) +0.21 (2.8%) to $7.64 on volume of 109m units
  • General Electric (GE) +0.01 (0%) to $20.97 on volume of 33.2m units
  • Microsoft (MSFT) +0.2 (0.7%) to $29.95 on volume of 27.3m units
  • Intel (INTC) +0.08 (0.3%) to $26.31 on volume of 24.4m units
  • Pfizer (PFE)-0.02 (0.1%) to $24.26 on volume of 24.1m units
Precious Metals

Preciou s metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1616.2 6.9 0.43
Silver 27.863 0.062 0.22
Palladium 579.55 1.35 0.23
Platinum 1401.9 -12.5 -0.88

The Gold Bugs index (XAU) advanced 3.77 points (2.51%) to 154.1 points. Total volume traded in the 16 components of the index was 60.24m shares. Not a single stock declined withinin the index: 16 of the 16 index components rose, with total upside volume of 60.24mshares. The biggest gainers (percentage-wise) were –

  • Coeur d’Alene (CDE) +1.3 (8.1%) to $17.43 on volume of 2m shares;
  • Silver Stand Resources (SSRI) +0.6 (4.8%) to $13.16 on volume of 0.71m shares;
  • Pan-American Silver (PAAS) +0.61 (4.1%) to $15.51 on volume of 1.25m shares;
  • Newmnt Mining (NEM) +1.45 (3.2%) to $46.12 on volume of 5.05m shares; and
  • Agnico Eagle Mines (AEM) +1.16 (2.7%) to $44.81 on volume of 1.88m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 92.2 0.8 0.88
Heating Oil 2.9409 0.0148 0.51
Natural Gas 2.908 0.031 1.08
Gasoline RBOB 2.9222 -0.0088 -0.3

The Oil Services index (OSX) gained 1.12 points (0.51%) to 222.87 points. Total volume traded in the 15 components of the index was 39.5m shares. Advancers outpaced decliners by 3 to one, with 9 advancers to 3 decliners. Advancing volume exceeded declining volume by 35.48m to 4.01m shares. The biggest gainers (percentage-wise) were –

  • Nabors Industries (NBR) +0.51 (3.7%) to $14.45 on volume of 7.25m shares;
  • Weatherford International (WFT) +0.38 (3.2%) to $12.26 on volume of 8.65m shares;
  • Transocean Inc (RIG) +0.24 (0.5%) to $48.99 on volume of 2.25m shares;
  • Baker Hughes (BHI) +0.19 (0.4%) to $47.17 on volume of 1.87m shares; and
  • National Oilwell Varco (NOV) +0.18 (0.2%) to $75.54 on volume of 2.12m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.305 -0.141 -0.17
Euro FX 1.24 0.0018 0.15

Bellwethers

The nine-stock group that makes up the Rant bellwethers advanced on average by 0.7%. The fallout occurred as follows:

  • General Electric (GE) +0.01 (0.05%) to $20.97 on volume of 33.21m units.
  • Citigroup (C) +1.16 (4.23%) to $28.56 on volume of 38.16m units.
  • Wal-Mart (WMT) -0.27 (0.36%) to $74.28 on volume of 5.72m units.
  • IBM (IBM) +0.24 (0.12%) to $198.76 on volume of 2.17m units.
  • Intel (INTC) +0.08 (0.3%) to $26.31 on volume of 24.44m units.
  • Cisco Systems (CSCO) +0.34 (2.08%) to $16.69 on volume of 31.93m units.
  • Google (GOOG) +1.49 (0.23%) to $642.82 on volume of 1.77m units.
  • Fannie Mae (FNM) -0 (0%) to $0.00 on volume of 0m units.
  • Freddie Mac (FRE) -0 (0%) to $0.00 on volume of 0m units.
Other Indices of Interest…

The Banks index (BKX) rose 0.06 points (0.13%) to 46.12 points. Total volume traded in the 24 components of the index was 247.67m shares. Decliners outpaced gainers by 2 to one, with 14 decliners to 7 advancers; however advancing volume exceeded declining volume by 189.88m shares to 57.8m. The biggest gainers (percentage-wise) were –

  • Citigroup Inc (C) +1.16 (4.2%) to $28.56 on volume of 38.15m shares;
  • Bank Of America (BAC) +0.21 (2.8%) to $7.64 on volume of 109.01m shares;
  • Regions Financial (RF) +0.07 (1%) to $7 on volume of 12.08m shares;
  • People’s United (PBCT) +0.1 (0.9%) to $11.65 on volume of 2.66m shares; and
  • JPMorganChase (JPM) +0.21 (0.6%) to $36.3 on volume of 17.03m shares.

The Semiconductor index (SOX) added 1.98 points (0.51%) to 392.08 points. Total volume traded in the 18 components of the index was 133.64m shares. Advancers outpaced decliners by 1.3 to one, with 9 advancers to 7 decliners. Advancing volume exceeded declining volume by 83.84m to 49.8m shares. The biggest gainers (percentage-wise) were –

  • Micron Technology (MU) +0.24 (3.8%) to $6.57 on volume of 26.75m shares;
  • ST Microelectronic (STM) +0.12 (2.1%) to $5.73 on volume of 1.11m shares;
  • Linear Technology (LLTC) +0.27 (0.8%) to $32.73 on volume of 1.69m shares;
  • Applied Materials (AMAT) +0.06 (0.5%) to $11.28 on volume of 11.09m shares; and
  • Taiwan Semiconductor (TSM) +0.06 (0.4%) to $14.24 on volume of 12.24m shares.

The ChildKiller (“Defence”) index (DFX) fell 0.14 points (0.04%) to 378.41 points. Total volume traded in the 17 components of the index was 49.9m shares. Advancers and decliners were split evenly, 8 decliners to 8 advancers. Advancing volume exceeded declining volume by 41.93m shares to 7.97m. The main decliners (in percentage terms) were –

  • Gencorp (GY) -0.17 (2.1%) to $7.97 on volume of 0.57m shares;
  • L-3 Holdings (LLL) -1 (1.4%) to $68.79 on volume of 0.5m shares ;
  • Teledyne Tech (TDY) -0.45 (0.7%) to $63.78 on volume of 0.16m shares;
  • Lockheed Martin (LMT) -0.4 (0.4%) to $88.99 on volume of 0.77m shares; and
  • Rockwell Collins (COL) -0.16 (0.3%) to $50.64 on volume of 0.59m shares.

SHORT DAX @ 6900

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Dammit – this post took too long to prepare – DAX is back below 6900 as I type this.

[UPDATE: it popped back above 6900 after I posted the post, so 6900 is a valid entry]

 

Anyhow: trade logic is as follows: do you think that all of Germany’s listed-stock problems go away even if the professional bullshit-artists like Draghi and Monti manage to force through some or other rescue fund for the incompetent Southern Europeans?

 

Seriously?

And when (note: I specifically did not write “if”) the problem spreads past Spain and Portugal, and ‘nek minnit‘ everyone’s talking about how France‘s CDS spreads have blown to new wides (and that’s coming, people)… what then?

 

Europe is done. The DAX should be about 500 points lower than it is, and heading downward. There is nothing that can be done to rescue Spain or Portugal or France’s public finances – when all there is to fund it is that increasingly-unwilling labour of Germans.

USRant for Friday, August 3rd 2012

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The following economic data was released during the session:

  • Unemployment Rate for July 2012 was released in the US; the outcome was 8.3% gaining 0.1 from the prior reading of 8.2% – above the market’s pre-release guess of 8.2%.
  • ISM Non-Manufacutring Composite for July 2012 was released in the US; the series posted a reading of 52.6 rising 0.5 from the prior reading of 52.1 – above expectations of 52.1.
  • Underemployment Rate for July 2012 was released in the US; the result was 15.0% an increase of 0.1 from the prior reading of 14.9%
  • Change in Household Employment for July 2012 was released in the US; the outcome was -195 falling 323 compared to the last data point (128)
  • Average Weekly Hours All Employees for July 2012 was released in the US; the outcome was 34.5 unchanged from the last data release for this series. , in line with the market’s pre-release guess of 34.5.
  • Ave rage Hourly Earnings All Employees y/y for July 2012 was released in the US; the outcome was 1.7% declining 0.3 compared to the last data point (2.0%) , in line with the consensus estimate of 1.7%.
  • Average Hourly Earnings All Employees m/m for July 2012 was released in the US; the series posted a reading of 0.1% dropping 0.2 compared to the last data point (0.3%) , which was lower than the market’s pre-release guess of 0.2%.
  • Change in Manufacturing Payrolls for July 2012 was released in the US; the series posted a reading of 25K gaining 15 from the prior reading of 10K – above the market’s pre-release guess of 10K.
  • Change in Private Payrolls for July 2012 was released in the US; the series posted a reading of 172K a gain of 99 from the prior reading of 73K – above the consensus estimate of 110K.
  • ICSC Chain Store Sales y/y for July 2012 was released in the US; the result was 1.9% rising 1.7 from the prior rea ding of 0.2%

Headline Indices

The Dow Jones Industrial Average finished the session at 13,096.17 points, a change of +217.29 points (1.69%) for the session.

The session high was 13,133.18 points, while the low was down at 12,884.82 points.

Total volume traded in the 30 components of the index was 528.93m shares. Advancers outpaced decliners by 28 to one, with 28 advancers to 1 decliners. Advancing volume exceeded declining volume by 512.39m to 12.13m shares. The biggest gainers (percentage-wise) were –

  • General Motors (GM) +0.9 (4.7%) to $20.04 on volume of 9.1m shares;
  • Citigroup (C) +1.22 (4.7%) to $27.4 on volume of 37.47m shares;
  • Hewlett-Packard (HPQ) +0.71 (4%) to $18.26 on volume of 17.53m shares;
  • Bank Of America (BAC) +0.25 (3.5%) to $7.43 on volume of 128.75m shares; and
  • United Technologies (UTX) +2.37 (3.2%) to $76.81 on volume of 3.84m shares.

 

The S&P500 Index rose + 25.99 points (1.9%) to 1390.99 points..

Total volume traded in the 500 components of the index was 2.24bn shares. Advancers outpaced decliners by 14.8 to one, with 415 advancers to 28 decliners. Advancing volume exceeded declining volume by 2.05bn to 183.17m shares. The biggest gainers (percentage-wise) were –

  • Interpublic Group (IPG) +1.29 (13.3%) to $10.97 on volume of 40.18m shares;
  • ITT Corporation (ITT) +2.09 (11.5%) to $20.27 on volume of 4.01m shares;
  • EOG Resources (EOG) +10.63 (11.1%) to $106.75 on volume of 5.02m shares;
  • Teradata Corp. (TDC) +5.4 (8%) to $72.7 on volume of 2.45m shares; and
  • PerkinElmer (PKI) +1.95 (7.9%) to $26.78 on volume of 1.97m shares.

The Nasdaq Composite rose +58.13 points (2%) to 2967.90 points. while the Nasdaq100 advanced +50.48 points (1.92%) to 2676.00 points..

Total volume traded in the 100 components of the index was 495.05m shares. Advancers outpaced decliners by 10.3 to one, with 82 advancers to 8 decliners. Advancing volume exceeded declining volume by 465.54m to 29.51m shares. The biggest gainers (percentage-wise) were –

  • Foster Wheeler (FWLT) +1.6 (8.9%) to $19.66 on volume of 2.78m shares;
  • Flextronics International (FLEX) +0.31 (5.1%) to $6.36 on volume of 5.47m shares;
  • Adobe Systems (ADBE) +1.44 (4.7%) to $32.02 on volume of 3.58m shares;
  • Citrix Systems (CTXS) +3.03 (4.4%) to $72.44 on volume of 2.74m shares; and
  • Monster Worldwide (MNST) +2.64 (4.1%) to $66.78 on volume of 1.32m shares.

Volatility

The CBOE Volatility Index slid 1.89 points (10.76%) to 15.68 points. and the CBOE Nasdaq100 Volatility Index dropped 1.45 points (7.6%) to 17.63 points..

Breadth and Internals

A total of 3182 issues traded today on the NYSE; today’s total volume was 3.5bn shares. A total of 2551 stocks posted gains for the day, and volume in advancing issues totalled 3.03bn shares. Exerting downwards pressure on the index were 540 losers, which accounted for a total declining volume of 0.45bn shares. 209 stocks made new 1-year highs on the NYSE, while 18 shares plumbed new 52-week depths.

On the Nasdaq 2601 tickers traded today; total Nasdaq volume was 1.7bn shares. A total of 1935 stocks posted gains for the day, with aggregate volume of 1.39bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 567 losers, and total declining volume was 0.3bn shares. 71 Nasdaq-listed stocks hit new 52-week highs, while 53 shares d ipped to new 1-year lows.

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 0.00 N/A 0%
S&P500 Index 1390.99 +25.99 1.9%
Nasdaq Composite 2967.90 +58.13 2%
Nasdaq100 2676.00 +50.48 1.92%
CBOE Volatility Index 15.68 -1.89 -10.76%
CBOE Nasdaq100 Volatility Index 17.63 -1.45 -7.6%

Dow Darlings

  • Hewlett-Packard (HPQ) +0.71 (4%) to $18.26 on volume of 17.5m units
  • Bank Of America (BAC) +0.25 (3.5%) to $7.43 on volume of 128.7m units
  • United Technologies (UTX) +2.37 (3.2%) to $76.81 on volume of 3.8m units
  • Procter & Gamble (PG) +1.99 (3.1%) to $65.5 on volume of 14.6m units
  • JPMorganChase (JPM) +0.92 (2.6%) to $36.09 on volume of 21.5m units

Dow Duds:

  • Verizon (VZ) -0.16 (0.4%) to $44.46 on volume of 12.1m units

Most Traded Dow stocks:

  • Bank Of America (BAC) +0.25 (3.5%) to $7.43 on volume of 128.7m units
  • General Electric (GE) +0.44 (2.1%) to $20.96 on volume of 35.5m units
  • Microsoft (MSFT) +0.56 (1.9%) to $29.75 on volume of 35.4m units
  • Pfizer (PFE) +0.36 (1.5%) to $24.28 on volume of 30.8m units
  • Intel (INTC) +0.545 (2.1%) to $26.23 on volume of 30.3m units
Precious Metals

Precious metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1609.3 18.6 1.17
Silver 27.801 0.806 2.99
Palladium 578.2 10.35 1.82
Platinum 1414.4 26.6 1.92

The Gold Bugs index (XAU) advanced 2.6 points (1.76%) to 150.33 points. Total volume traded in the 16 components of the index was 67.82m shares. Not a single stock declined withinin the index: 16 of the 16 index components rose, with total upside volume of 67.82mshares. The biggest gainers (percentage-wise) were –

  • Kinroos Gold (KGC) +0.25 (3.3%) to $7.72 on volume of 13.16m shares;
  • Gold Fields Ltd (GFI) +0.36 (2.8%) to $13.32 on volume of 5.01m shares;
  • Freeport McMoran (FCX) +0.81 (2.5%) to $33.5 on volume of 11.61m shares;
  • Newmnt Mining (NEM) +1.05 (2.4%) to $44.67 on volume of 5.25m shares; and
  • Pan-American Silver (PAAS) +0.34 (2.3%) to $14.9 on volume of 1.41m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 91.4 4.27 4.9
Heating Oil 2.9261 0.0838 2.95
Natural Gas 2.877 -0.043 -1.47
Gasoline RBOB 2.931 0.0614 2.14

The Oil Services index (OSX) advanced 5.89 points (2.73%) to 221.75 points. Total volume traded in the 15 components of the index was 48.92m shares. Not a single stock declined withinin the index: 12 of the 15 index components rose, with total upside volume of 48.92mshares. The biggest gainers (percentage-wise) were –

  • Cameron International (CAM) +2.42 (4.9%) to $52.09 on volume of 3.02m shares;
  • Noble Corp (NE) +1.54 (4.2%) to $37.91 on volume of 3.17m shares;
  • Nabors Industries (NBR) +0.54 (4%) to $13.94 on volume of 6.93m shares;
  • National Oilwell Varco (NOV) +2.62 (3.6%) to $75.36 on volume of 3.15m shares; and
  • Transocean Inc (RIG) +1.55 (3.3%) to $48.75 on volume of 3.4m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.415 -1.036 -1.24
Euro FX 1.2382 0.0202 1.66

Bellwethers

The nine-stock group that makes up the Rant bellwethers advanced on average by 2%. The fallout occurred as follows:

  • General Electric (GE) +0.44 (2.14%) to $20.96 on volume of 35.55m units.
  • Citigroup (C) +1.22 (4.66%) to $27.40 on volume of 37.47m units.
  • Wal-Mart (WMT) +0.50 (0.68%) to $74.55 on volume of 8.03m units.
  • IBM (IBM) +4.07 (2.09%) to $198.52 on volume of 2.94m units.
  • Intel (INTC) +0.545 (2.12%) to $26.23 on volume of 30.31m units.
  • Cisco Systems (CSCO) +0.61 (3.88%) to $16.35 on volume of 40.5m units.
  • Google (GOOG) +12.58 (2%) to $641.33 on volume of 1.88m units.
  • Fannie Mae (FNM) -0 (0%) to $0.00 on volume of 0m units.
  • Freddie Mac (FRE) -0 (0%) to $0.00 on volume of 0m units.
Other Indices of Interest…

The Banks index (BKX) advanced 1.37 points (3.07%) to 46.06 points. Total volume traded in the 24 components of the index was 304.83m shares. Not a single stock declined withinin the index: 21 of the 24 index components rose, with total upside volume of 304.83mshares. The biggest gainers (percentage-wise) were –

  • Bank Of NY Mellon (BK) +1.08 (5.2%) to $21.75 on volume of 6.57m shares;
  • Zions Bancorp (ZION) +0.88 (4.9%) to $18.93 on volume of 2.35m shares;
  • Citigroup Inc (C) +1.22 (4.7%) to $27.4 on volume of 37.47m shares;
  • Capital One Financial (COF) +2.41 (4.4%) to $57.58 on volume of 4.15m shares; and
  • Keycorp (KEY) +0.31 (3.9%) to $8.24 on volume of 14.14m shares.

The Semiconductor index (SOX) advanced 8.62 points (2.26%) to 390.1 points. Total volume traded in the 18 components of the index was 128.15m shares. Not a single stock declined withinin the index: 16 of the 18 index components rose, with total upside volume of 128.15mshares. The biggest gainers (per centage-wise) were –

  • ST Microelectronic (STM) +0.44 (8.5%) to $5.61 on volume of 2.64m shares;
  • Texas Instruments (TXN) +1.02 (3.7%) to $28.27 on volume of 8.55m shares;
  • Teradyne (TER) +0.45 (3.1%) to $14.81 on volume of 2.49m shares;
  • Advanced Micro Devices (AMD) +0.12 (3%) to $4.09 on volume of 8.06m shares; and
  • Micron Technology (MU) +0.17 (2.8%) to $6.33 on volume of 22.33m shares.

The ChildKiller (“Defence”) index (DFX) added 10.17 points (2.76%) to 378.55 points. Total volume traded in the 17 components of the index was 58m shares. Not a single stock declined withinin the index: 16 of the 17 index components rose, with total upside volume of 58mshares. The biggest gainers (percentage-wise) were –

  • ITT Corporation (ITT) +2.09 (11.5%) to $20.27 on volume of 4.01m shares;
  • Esterline Tech (ESL) +2.03 (3.7%) to $56.97 on volume of 0.13m shares;
  • Gencorp (GY) +0.27 (3.4%) to $8.14 on volume of 0.47m shares;
  • Embraer Empresa (ERJ) +0.77 (3.2%) to $24.65 on volume of 1.86m shares; and
  • United Technologies (UTX) +2.37 (3.2%) to $76.81 on volume of 3.84m shares.

USRant for Thursday, August 2nd 2012

0

The following economic data was released during the session:

  • Challenger Job Cuts y/y for July 2012 was released in the US; the series posted a reading of -44.5% a drop of 35.1 compared to the last data point (-9.4%)
  • Factory Orders for June 2012 was released in the US; the result was -0.5% dropping 1 compared to the last data point (0.5%) , which was lower than expectations of 0.5%.
  • RBC Consumer Outlook Index for August 2012 was released in the US; the outcome was 46.4 declining 0.6 compared to the last data point (47.0)
  • Initial Jobless Claims for July 28 2012 was released in the US; the series posted a reading of 365K rising 8 from the prior reading of 357K , which was lower than the consensus estimate of 370K.
  • Continuing Claims for July 21 2012 was released in the US; the outcome was 3272K a decline of 19 compared to the last data point (3291K) , which was lower than the consensus es timate of 3288K.
  • ISM New York for July 2012 was released in the US; the result was 55.2 a gain of 5.5 from the prior reading of 49.7
  • EIA Natural Gas Storage Change for July 27 2012 was released in the US; the series posted a reading of 28 rising 2 from the prior reading of 26 – above expectations of 23.

Headline Indices

The Dow Jones Industrial Average finished the session at 12,878.88 points, a change of -92.18 points (-0.71%) for the session.

The session high was 12,969.85 points, while the low was down at 12,778.90 points.

Total volume traded in the 30 components of the index was 516.54m shares. Decliners outpaced gainers by 6.3 to one, with 25 decliners to 4 advancers. Declining volume was greater than advancing volume by 479.15m to 26.69m shares. The main decliners (in percentage terms) were –

  • Alcoa (AA) -0.25 (3%) to $8.18 on volume of 20.1m shares;
  • General Motors (GM) -0.52 (2.6%) to $19.14 on volume of 10.3m shares;
  • JPMorganChase (JPM) -0.83 (2.3%) to $35.17 on volume of 31m shares;
  • Citigroup (C) -0.59 (2.2%) to $26.18 on volume of 26.99m shares; and
  • Du Pont (DD) -0.92 (1.8%) to $49.02 on volume of 5.46m shares.

 

The S&P500 Index declined 10.14 points (0.74%) to 1365.00 points..

Total volume traded in the 500 components of the index was 2.48bn shares. Decliners outpaced gainers by 3.8 to one, with 349 decliners to 92 advancers. Declining volume was greater than advancing volume by 2.02bn to 430.39m shares. The main decliners (in percentage terms) were –

  • MGIC Investment (MTG) -1.5699 (64.1%) to $0.8801 on volume of 52.22m shares;
  • Sealed Air Corp.(New) (SEE) -2.65 (16.8%) to $13.15 on volume of 23.4m shares;
  • Abercrombie & Fitch Co. (ANF) -4.96 (14.6%) to $29.06 on volume of 15.11m shares;
  • Bristol-Myers Squibb (BMY) -3.05 (8.6%) to $32.55 on volume of 43.35m shares; and
  • < li>Genworth Financial Inc. (GNW) -0.36 (8%) to $4.12 on volume of 23.3m shares.

The Nasdaq Composite lost 10.44 points (0.36%) to 2909.77 points. while the Nasdaq100 lost 9.61 points (0.36%) to 2625.52 points..

Total volume traded in the 100 components of the index was 578.63m shares. Decliners outpaced gainers by 2.3 to one, with 61 decliners to 27 advancers. Declining volume was greater than advancing volume by 423.81m to 141.11m shares. The main decliners (in percentage terms) were –

  • Leap Wireless International (LEAP) -0.33 (5.8%) to $5.32 on volume of 1.92m shares;
  • Flextronics International (FLEX) -0.26 (4.1%) to $6.05 on volume of 4.11m shares;
  • Steel Dynamics (STLD) -0.47 (3.7%) to $12.38 on volume of 3.41m shares;
  • Logitech International (LOGI) -0.3 (3.5%) to $8.39 on volume of 1.61m shares; and
  • PACCAR (PCAR) -1.32 (3.3%) to $38.57 on volume of 4.3m shares.

Volatility

The CBOE Volatility Index fell 1.32 points (6.96%) to 17.64 points. and the CBOE Nasdaq100 Volatility Index lost 1.03 points (5.1%) to 19.16 points..

Breadth and Internals

A total of 3197 issues traded today on the NYSE; today’s total volume was 3.8bn shares. A total of 1148 stocks posted gains for the day, and volume in advancing issues totalled 0.72bn shares. Exerting downwards pressure on the index were 1930 losers, which accounted for a total declining volume of 3.05bn shares. 104 stocks made new 1-year highs on the NYSE, while 64 shares plumbed new 52-week depths.

On the Nasdaq 2563 tickers traded today; total Nasdaq volume was 1.8bn shares. A total of 1025 stocks posted gains for the day, with aggregate volume of 0.58bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1431 losers, and total declining volume was 1.18bn shares. 26 Nasdaq-listed stocks hit new 52-week highs, while 94 shares di pped to new 1-year lows.

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 0.00 N/A 0%
S&P500 Index 1365.00 -10.14 -0.74%
Nasdaq Composite 2909.77 -10.44 -0.36%
Nasdaq100 2625.52 -9.61 -0.36%
CBOE Volatility Index 17.64 -1.32 -6.96%
CBOE Nasdaq100 Volatility Index 19.16 -1.03 -5.1%

Dow Darlings

  • Wal-Mart (WMT) +0.43 (0.6%) to $74.05 on volume of 7.2m units
  • Caterpillar (CAT) +0.47 (0.6%) to $83.12 on volume of 7.9m units
  • Disney Corp (DIS) +0.16 (0.3%) to $48.98 on volume of 7.9m units
  • McDonalds (MCD) +0.16 (0.2%) to $89.59 on volume of 3.7m units

Dow Duds:

  • Alcoa (AA) -0.25 (3%) to $8.18 on volume of 20.1m units
  • JPMorganChase (JPM) -0.83 (2.3%) to $35.17 on volume of 31m units
  • Du Pont (DD) -0.92 (1.8%) to $49.02 on volume of 5.5m units
  • Coca-Cola (KO) -1.26 (1.6%) to $79.75 on volume of 5.6m units
  • Johnson & Johnson (JNJ) -0.93 (1.3%) to $68.45 on volume of 11.7m units

Most Traded Dow stocks:

  • Bank Of America (BAC)-0.04 (0.6%) to $7.18 on volume of 108m units
  • Microsoft (MSFT)-0.22 (0.7%) to $29.19 on volume of 39.2m units
  • General Electric (GE)-0.21 (1%) to $20.52 on volume of 36.7m units
  • Intel (INTC)-0.02 (0.1%) to $25.91 on volume of 34m units
  • JPMorganChase (JPM)-0.83 (2.3%) to $35.17 on volume of 31m units
Precious Metals

Precious metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1590.7 -16.6 -1.03
Silver 26.995 -0.54 -1.96
Palladium 567.85 -14.75 -2.53
Platinum 1387.8 -13.5 -0.96

The Gold Bugs index (XAU) dipped 1.38 points (0.93%) to 147.73 points. Total volume traded in the 16 components of the index was 72.77m shares. Decliners outpaced gainers by 1.7 to one, with 10 decliners to 6 advancers. Declining volume was greater than advancing volume by 64.65m to 8.12m shares. The main decliners (in percentage terms) were –

  • Kinroos Gold (KGC) -0.47 (5.9%) to $7.47 on volume of 20.69m shares;
  • Freeport McMoran (FCX) -0.8 (2.4%) to $32.69 on volume of 12.68m shares;
  • Newmnt Mining (NEM) -0.79 (1.8%) to $43.62 on volume of 4.34m shares;
  • Pan-American Silver (PAAS) -0.2 (1.4%) to $14.56 on volume of 1.3m shares; and
  • Agnico Eagle Mines (AEM) -0.59 (1.3%) to $43.51 on volume of 1.99m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 87.13 -1.78 -2
Heating Oil 2.8423 -0.0165 -0.58
Natural Gas 2.92 -0.251 -7.92
Gasoline RBOB 2.8696 0.0354 1.25

The Oil Services index (OSX) dipped 2.93 points (1.34%) to 215.86 points. Total volume traded in the 15 components of the index was 59.83m shares. None of the 15 index components rose today: 12 stocks within the index fell, with downside volume of 59.83m shares. The main decliners (in percentage terms) were –

  • Weatherford International (WFT) -0.42 (3.5%) to $11.66 on volume of 9.14m shares;
  • Nabors Industries (NBR) -0.35 (2.5%) to $13.4 on volume of 9.01m shares;
  • Rowan Co (RDC) -0.86 (2.4%) to $34.84 on volume of 2.18m shares;
  • Noble Corp (NE) -0.76 (2%) to $36.37 on volume of 3.18m shares; and
  • Halliburton (HAL) -0.55 (1.6%) to $32.86 on volume of 12.69m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 83.415 0.237 0.28
Euro FX 1.218 -0.0063 -0.51

Bellwethers

The nine-stock group that makes up the Rant bellwethers declined on average by 0.6%. The fallout occurred as follows:

  • General Electric (GE) -0.21 (1.01%) to $20.52 on volume of 36.7m units.
  • Citigroup (C) -0.59 (2.2%) to $26.18 on volume of 26.99m units.
  • Wal-Mart (WMT) +0.43 (0.58%) to $74.05 on volume of 7.22m units.
  • IBM (IBM) -0.73 (0.37%) to $194.45 on volume of 2.41m units.
  • Intel (INTC) -0.02 (0.08%) to $25.91 on volume of 34.03m units.
  • Cisco Systems (CSCO) -0.24 (1.5%) to $15.74 on volume of 47.03m units.
  • Google (GOOG) -3.93 (0.62%) to $628.75 on volume of 1.94m units.
  • Fannie Mae (FNM) -0 (0%) to $0.00 on volume of 0m units.
  • Freddie Mac (FRE) -0 (0%) to $0.00 on volume of 0m units.
Other Indices of Interest…

The Banks index (BKX) dipped 0.6 points ( 1.32%) to 44.69 points. Total volume traded in the 24 components of the index was 302.09m shares. Decliners outpaced gainers by 20 to one, with 20 decliners to 1 advancers. Declining volume was greater than advancing volume by 298.7m to 3.39m shares. The main decliners (in percentage terms) were –

  • JPMorganChase (JPM) -0.83 (2.3%) to $35.17 on volume of 31m shares;
  • Bank Of NY Mellon (BK) -0.48 (2.3%) to $20.67 on volume of 6.05m shares;
  • Citigroup Inc (C) -0.59 (2.2%) to $26.18 on volume of 26.99m shares;
  • Northern Trust (NTRS) -0.96 (2.1%) to $44.09 on volume of 1.44m shares; and
  • Regions Financial (RF) -0.14 (2%) to $6.72 on volume of 21.09m shares.

The Semiconductor index (SOX) slid 2.35 points (0.61%) to 381.48 points. Total volume traded in the 18 components of the index was 148.06m shares. Decliners outpaced gainers by 6.5 to one, with 13 decliners to 2 advancers. Declining volume was greater than advancing volume by 132.59m to 3.71m shares. The main decliners (in percentage terms) were –

  • ST Microelectronic (STM) -0.24 (4.4%) to $5.17 on volume of 2.56m shares;
  • Advanced Micro Devices (AMD) -0.08 (2%) to $3.97 on volume of 15.74m shares;
  • Micron Technology (MU) -0.11 (1.8%) to $6.16 on volume of 17.56m shares;
  • Sandisk (SNDK) -0.68 (1.6%) to $40.75 on volume of 4.61m shares; and
  • Altera (ALTR) -0.52 (1.5%) to $35.13 on volume of 3.42m shares.

The ChildKiller (“Defence”) index (DFX) dipped 4.78 points (1.28%) to 368.38 points. Total volume traded in the 17 components of the index was 56.43m shares. Decliners outpaced gainers by 15 to one, with 15 decliners to 1 advancers. Declining volume was greater than advancing volume by 56.27m to 0.16m shares. The main decliners (in percentage terms) were –

  • Esterline Tech (ESL) -2.09 (3.7%) to $54.94 on volume of 0.16m shares;
  • Embraer Empresa (ERJ) -0.73 (3%) to $23.88 on volum e of 1.36m shares;
  • Gencorp (GY) -0.17 (2.1%) to $7.87 on volume of 0.59m shares;
  • ITT Corporation (ITT) -0.35 (1.9%) to $18.18 on volume of 1.25m shares; and
  • L-3 Holdings (LLL) -1.29 (1.8%) to $68.58 on volume of 0.41m shares.

USRant for Wednesday, August 1st 2012

0

The following economic data was released during the session:

  • Construction Spending m/m for June 2012 was released in the US; the series posted a reading of 0.4% dropping 1.2 compared to the last data point (1.6%) , in line with the market’s pre-release guess of 0.4%.
  • ISM Prices Paid for July 2012 was released in the US; the outcome was 39.5 an increase of 2.5 from the prior reading of 37.0 , which was lower than expectations of 40.0.
  • ADP Employment Change for July 2012 was released in the US; the result was 163K declining 9 compared to the last data point (172K) – above the market’s pre-release guess of 120K.
  • MBA Mortgage Applications for July 27 2012 was released in the US; the result was 0.2% a drop of 0.7 compared to the last data point (0.9%)
  • Markit US PMI Final for July 2012 was released in the US; the series posted a reading of 51.4 dropping 0.4 compared to the last data point ( 51.8) , which was lower than the market’s pre-release guess of 51.8.
  • DOE U.S. Crude Oil Inventories for July 27 2012 was released in the US; the result was -6522K declining 9239 compared to the last data point (2717K) , which was lower than the consensus estimate of -1000K.
  • DOE Cushing OK Crude Inventory for July 27 2012 was released in the US; the outcome was -1385K losing 1588 compared to the last data point (203K)
  • DOE U.S. Distillate Inventory for July 27 2012 was released in the US; the result was -974K falling 2682 compared to the last data point (1708K) , which was lower than the consensus estimate of 1100K.
  • DOE U.S. Gasoline Inventories for July 27 2012 was released in the US; the outcome was -2174K a decline of 6308 compared to the last data point (4134K) , which was lower than expectations of 800K.

Headline Indices

The Dow Jones Industrial Average finished the session at 12,976.13 point s, a change of -32.55 points (-0.25%) for the session.

The session high was 13,074.83 points, while the low was down at 12,951.16 points.

Total volume traded in the 30 components of the index was 492.35m shares. Decliners outpaced gainers by 1.6 to one, with 18 decliners to 11 advancers. Declining volume was greater than advancing volume by 325.49m to 148.43m shares. The main decliners (in percentage terms) were –

  • Hewlett-Packard (HPQ) -0.58 (3.2%) to $17.66 on volume of 26.06m shares;
  • Caterpillar (CAT) -1.56 (1.9%) to $82.65 on volume of 8.23m shares;
  • Bank Of America (BAC) -0.12 (1.6%) to $7.22 on volume of 84.19m shares;
  • American Express (AXP) -0.91 (1.6%) to $56.8 on volume of 3.8m shares; and
  • Boeing (BA) -1.14 (1.5%) to $72.77 on volume of 4.06m shares.

 

The S&P500 Index dropped 4 points (0.29%) to 1375.32 points..

Total volume traded in the 500 components of the index was 2.47bn shares. D ecliners outpaced gainers by 2.1 to one, with 298 decliners to 141 advancers. Declining volume was greater than advancing volume by 1.5bn to 924.38m shares. The main decliners (in percentage terms) were –

  • Genworth Financial Inc. (GNW) -0.56 (11.1%) to $4.48 on volume of 35.08m shares;
  • Office Depot (ODP) -0.12 (6.7%) to $1.66 on volume of 3.64m shares;
  • Penney (J.C.) (JCP) -1.49 (6.6%) to $21.02 on volume of 10.28m shares;
  • BMC Software (BMC) -2.09 (5.3%) to $37.51 on volume of 4.89m shares; and
  • Citrix Systems (CTXS) -3.35 (4.6%) to $69.33 on volume of 3.7m shares.

The Nasdaq Composite declined 19.31 points (0.66%) to 2920.21 points. while the Nasdaq100 lost 7.4 points (0.28%) to 2635.13 points..

Total volume traded in the 100 components of the index was 550.68m shares. Decliners outpaced gainers by 2.2 to one, with 61 decliners to 28 advancers. Declining volume was greater than advancing volume by 289.39m to 260.01m shares. The main decliners (in percentage terms) were –

  • Citrix Systems (CTXS) -3.35 (4.6%) to $69.33 on volume of 3.71m shares;
  • Focus Media Holding (FMCN) -0.87 (4.4%) to $18.91 on volume of 1.68m shares;
  • Starbucks (SBUX) -1.5 (3.3%) to $43.78 on volume of 16.68m shares;
  • Discovery Holding Co (DISCA) -1.33 (2.6%) to $49.3 on volume of 2.64m shares; and
  • Monster Worldwide (MNST) -1.555 (2.3%) to $64.865 on volume of 1.44m shares.

Volatility

The CBOE Volatility Index fell 0.02 points (0.11%) to 18.91 points. and the CBOE Nasdaq100 Volatility Index declined 0.17 points (0.84%) to 20.13 points..

Breadth and Internals

A total of 3181 issues traded today on the NYSE; today’s total volume was 4.01bn shares. A total of 1166 stocks posted gains for the day, and volume in advancing issues totalled 1.33bn shares. Exerting downwards pressure on the index were 1897 losers, which accounted for a total declining volume of 2.6bn shares. 218 stocks made new 1-year highs on the NYSE, while 43 shares plumbed new 52-week depths.

On the Nasdaq 2557 tickers traded today; total Nasdaq volume was 1.69bn shares. A total of 649 stocks posted gains for the day, with aggregate volume of 0.57bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1801 losers, and total declining volume was 1.1bn shares. 39 Nasdaq-listed stocks hit new 52-week highs, while 78 share s dipped to new 1-year lows.

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 0.00 N/A 0%
S&P500 Index 1375.32 -4.00 -0.29%
Nasdaq Composite 2920.21 -19.31 -0.66%
Nasdaq100 2635.13 -7.40 -0.28%
CBOE Volatility Index 18.91 -0.02 -0.11%
CBOE Nasdaq100 Volatility Index 20.13 -0.17 -0.84%

Dow Darlings

  • Intel (INTC) +0.23 (0.9%) to $25.93 on volume of 27.9m units
  • Chevron (CVX) +0.9 (0.8%) to $110.48 on volume of 6.8m units
  • Pfizer (PFE) +0.12 (0.5%) to $23.94 on volume of 39.5m units
  • United Technologies (UTX) +0.35 (0.5%) to $74.79 on volume of 3.5m units
  • Du Pont (DD) +0.23 (0.5%) to $49.93 on volume of 10.9m units

Dow Duds:

  • Hewlett-Packard (HPQ) -0.58 (3.2%) to $17.66 on volume of 26.1m units
  • Caterpillar (CAT) -1.56 (1.9%) to $82.65 on volume of 8.2m units
  • Bank Of America (BAC) -0.12 (1.6%) to $7.22 on volume of 84.2m units
  • American Express (AXP) -0.91 (1.6%) to $56.8 on volume of 3.8m units
  • Boeing (BA) -1.14 (1.5%) to $72.77 on volume of 4.1m units

Most Traded Dow stocks:

  • Bank Of America (BAC)-0.12 (1.6%) to $7.22 on volume of 84.2m units
  • Pfizer (PFE) +0.12 (0.5%) to $23.94 on volume of 39.5m units
  • Microsoft (MSFT)-0.06 (0.2%) to $29.41 on volume of 31.6m units
  • Intel (INTC) +0.23 (0.9%) to $25.93 on volume of 27.9m units
  • General Electric (GE)-0.02 (0.1%) to $20.73 on volume of 27.4m units
Precious Metals< /h5>

Precious metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1607.3 -7.3 -0.45
Silver 27.535 -0.379 -1.36
Palladium 582.6 -7.95 -1.35
Platinum 1401.3 -15.6 -1.1

The Gold Bugs index (XAU) fell 1.79 points (1.19%) to 149.11 points. Total volume traded in the 16 components of the index was 93.71m shares. Decliners outpaced gainers by 7 to one, with 14 decliners to 2 advancers. Declining volume was greater than advancing volume by 90.44m to 3.27m shares. The main decliners (in percentage terms) were –

  • Silver Stand Resources (SSRI) -0.58 (4.5%) to $12.21 on volume of 0.71m shares;
  • Kinroos Gold (KGC) -0.37 (4.5%) to $7.94 on volume of 22.37m shares;
  • Coeur d’Alene (CDE) -0.47 (2.9%) to $15.84 on volume of 1.27m shares;
  • GoldCorp (GG) -0.51 (1.4%) to $35.53 on volume of 10.99m shares; and
  • Silver Wheaton (SLW) -0.37 (1.3%) to $27.17 on volume of 4.05m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 88.91 0.85 0.97
Heating Oil 2.8588 0.0108 0.38
Natural Gas 3.171 -0.038 -1.18
Gasoline RBOB 2.8342 0.0599 2.16

The Oil Services index (OSX) added 2.14 points (0.99%) to 218.79 points. Total volume traded in the 15 components of the index was 48.94m shares. Advancers outpaced decliners by 3 to one, with 9 advancers to 3 decliners. Advancing volume exceeded declining volume by 38.63m to 10.31m shares. The biggest gainers (percentage-wise) were –

  • Oceaneering International (OII) +1.32 (2.6%) to $53.01 on volume of 1.94m shares;
  • Transocean Inc (RIG) +0.97 (2.1%) to $47.8 on volume of 2.74m shares;
  • National Oilwell Varco (NOV) +1.4 (1.9%) to $73.7 on volume of 3.12m shares;
  • Rowan Co (RDC) +0.57 (1.6%) to $35.7 on volume of 1.95m shares; and
  • Baker Hughes (BHI) +0.67 (1.4%) to $46.99 on volume of 3.03m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 83.22 0.51 0.62
Euro FX 1.2243 -0.007 -0.57

Bellwethers

The nine-stock group that makes up the Rant bellwethers declined on average by 0.2%. The fallout occurred as follows:

  • General Electric (GE) -0.02 (0.1%) to $20.73 on volume of 27.37m units.
  • Citigroup (C) -0.35 (1.29%) to $26.78 on volume of 35.65m units.
  • Wal-Mart (WMT) -0.81 (1.09%) to $73.62 on volume of 8.45m units.
  • IBM (IBM) -0.8 (0.41%) to $195.18 on volume of 2.2m units.
  • Intel (INTC) +0.23 (0.89%) to $25.93 on volume of 27.9m units.
  • Cisco Systems (CSCO) +0.03 (0.19%) to $15.98 on volume of 47.27m units.
  • Google (GOOG) -0.29 (0.05%) to $632.68 on volume of 1.83m units.
  • Fannie Mae (FNM) -0 (0%) to $0.00 on volume of 0m units.
  • Freddie Mac (FRE) -0 (0%) to $0.00 on volume of 0m units.
Other Indices of Interest…

The Banks index (BKX) dipped 0.23 points ( 0.51%) to 45.29 points. Total volume traded in the 24 components of the index was 257.27m shares. Decliners outpaced gainers by 3.8 to one, with 15 decliners to 4 advancers. Declining volume was greater than advancing volume by 180.45m to 55.62m shares. The main decliners (in percentage terms) were –

  • Bank Of America (BAC) -0.12 (1.6%) to $7.22 on volume of 84.19m shares;
  • Capital One Financial (COF) -0.85 (1.5%) to $55.64 on volume of 2.53m shares;
  • Regions Financial (RF) -0.1 (14%) to $6.86 on volume of 14.67m shares;
  • Citigroup Inc (C) -0.35 (1.3%) to $26.78 on volume of 35.65m shares; and
  • People’s United (PBCT) -0.09 (0.8%) to $11.37 on volume of 3.14m shares.

The Semiconductor index (SOX) added 0.11 points (0.03%) to 383.83 points. Total volume traded in the 18 components of the index was 146.82m shares. Advancers outpaced decliners by 1.3 to one, with 9 advancers to 7 decliners. Advancing volume exceeded declining v olume by 84.19m to 62.64m shares. The biggest gainers (percentage-wise) were –

  • Texas Instruments (TXN) +0.39 (1.4%) to $27.63 on volume of 9.28m shares;
  • National Semiconductor (NSM) +0.3 (1.4%) to $22.32 on volume of 0.45m shares;
  • Xilinx (XLNX) +0.41 (1.3%) to $32.81 on volume of 3.14m shares;
  • Micron Technology (MU) +0.06 (1%) to $6.27 on volume of 23.3m shares; and
  • ST Microelectronic (STM) +0.05 (0.9%) to $5.41 on volume of 1.26m shares.

The ChildKiller (“Defence”) index (DFX) declined 4.34 points (1.15%) to 373.16 points. Total volume traded in the 17 components of the index was 48.24m shares. Decliners outpaced gainers by 4.3 to one, with 13 decliners to 3 advancers. Declining volume was greater than advancing volume by 42.85m to 5.39m shares. The main decliners (in percentage terms) were –

  • Gencorp (GY) -0.41 (4.9%) to $8.04 on volume of 0.96m shares;
  • Embraer Empresa (ERJ) -0.77 (3%) to $24.61 o n volume of 1.96m shares;
  • Esterline Tech (ESL) -1.508 (2.6%) to $57.212 on volume of 0.1m shares;
  • Boeing (BA) -1.14 (1.5%) to $72.77 on volume of 4.06m shares; and
  • L-3 Holdings (LLL) -1.02 (1.4%) to $69.87 on volume of 0.42m shares.

USRant for Tuesday, July 31st 2012

0

The following economic data was released during the session:

  • Gross Domestic Product m/m for May 2012 was released in Canada; the series posted a reading of 0.1% a decline of 0.2 compared to the last data point (0.3%) , which was lower than the market’s pre-release guess of 0.2%.
  • Industrial Product Price m/m for July 2012 was released in Canada; the result was -0.3% dropping 0.2 compared to the last data point (-0.1%) , which was lower than the consensus estimate of -0.1%.
  • Raw Materials Price Index m/m for July 2012 was released in Canada; the result was -4.0% dropping 2.9 compared to the last data point (-1.1%) , which was lower than the market’s pre-release guess of -3.0%.
  • S&P/Case-Shiller Composite-20 y/y for May 2012 was released in the US; the outcome was -0.7% adding 1.1 from the prior reading of -1.8% – above expectations of -1.4%.
  • Personal Consumption Expenditure Deflator m/m for July 2012 was released in the US; the outcome was 0.1% an increase of 0.3 from the prior reading of -0.2% – above the consensus estimate of 0.0%.
  • Personal Consumption Expenditure Deflator y/y for July 2012 was released in the US; the series posted a reading of 1.5% unchanged from the last data release for this series. , which was lower than expectations of 1.7%.
  • Personal Consumption Expenditure Core y/y for July 2012 was released in the US; the result was 1.8% unchanged from the last data release for this series. , in line with expectations of 1.8%.
  • Personal Spending for July 2012 was released in the US; the series posted a reading of 0.0% a gain of 0.1 from the prior reading of -0.1% , which was lower than expectations of 0.1%.
  • Personal Income for July 2012 was released in the US; the result was 0.5% adding 0.2 from the prior reading of 0.3% – above the market’s pre-release guess of 0.4%.
  • Personal Co nsumption Expenditure Core m/m for July 2012 was released in the US; the series posted a reading of 0.2% rising 0.1 from the prior reading of 0.1% , in line with the market’s pre-release guess of 0.2%.
  • Chicago Purchasing Manager for July 2012 was released in the US; the result was 53.7 rising 0.8 from the prior reading of 52.9 – above the consensus estimate of 52.5.
  • Employment Cost Index for December 2012 was released in the US; the result was 0.5% advancing 0.1 from the prior reading of 0.4% , in line with expectations of 0.5%.
  • S&P/Case-Shiller Home Price Index for May 2012 was released in the US; the result was 139.0 advancing 3.1 from the prior reading of 135.9 – above expectations of 137.6.
  • S&P/CS 20 City s.a. m/m for May 2012 was released in the US; the outcome was 0.9% gaining 0.2 from the prior reading of 0.7% – above the market’s pre-release guess of 0.4%.

Headline Indices

The Do w Jones Industrial Average finished the session at 13,008.68 points, a change of -64.33 points (-0.49%) for the session.

The session high was 13,082.66 points, while the low was down at 13,006.48 points.

Total volume traded in the 30 components of the index was 461.8m shares. Decliners outpaced gainers by 2.8 to one, with 22 decliners to 8 advancers. Declining volume was greater than advancing volume by 263.28m to 198.53m shares. The main decliners (in percentage terms) were –

  • Home Depot (HD) -1.07 (2%) to $52.18 on volume of 10.13m shares;
  • Caterpillar (CAT) -1.48 (1.7%) to $84.21 on volume of 7.85m shares;
  • AIG (AIG) -0.45 (1.4%) to $31.27 on volume of 9.27m shares;
  • Disney Corp (DIS) -0.66 (1.3%) to $49.14 on volume of 9.05m shares; and
  • Boeing (BA) -0.95 (1.3%) to $73.91 on volume of 3.46m shares.

 

The S&P500 Index dropped 5.98 points (0.43%) to 1379.32 points..

Total volume traded in the 500 components of the index was 2.3bn shares. Decliners outpaced gainers by 2.7 to one, with 321 decliners to 119 advancers. Declining volume was greater than advancing volume by 1.38bn to 893.3m shares. The main decliners (in percentage terms) were –

  • CoachInc. (COH) -11.25 (18.6%) to $49.33 on volume of 33.16m shares;
  • Humana Inc. (HUM) -8.95 (12.7%) to $61.6 on volume of 11.59m shares;
  • Masco Corp. (MAS) -1.09 (8.3%) to $12.03 on volume of 19.77m shares;
  • Applied Biosystems Inc. (ABI) -1.03 (6.4%) to $15.02 on volume of 0m shares; and
  • Lowe’s Cos. (LOW) -1.49 (5.5%) to $25.37 on volume of 21.43m shares.

The Nasdaq Composite dropped 6.32 points (0.21%) to 2939.52 points. while the Nasdaq100 rose +0.41 points (0.02%) to 2642.53 points..

Total volume traded in the 100 components of the index was 499.89m shares. Decliners outpaced gainers by 2.2 to one, with 61 decliners to 28 advancers. Declining volume was greater than advancing volume by 300.4m to 187.74m shares. The biggest gainers (percentage-wise) were –

  • Apple (AAPL) +15.73 (2.6%) to $610.76 on volume of 16.33m shares;
  • Level 3 Communications (LVLT) +0.48 (2.6%) to $19.27 on volume of 1.55m shares;
  • Focus Media Holding (FMCN) +0.39 (2%) to $19.78 on volume of 1.66m shares;
  • Symantec (SYMC) +0.28 (1.8%) to $15.75 on volume of 13.12m shares; and
  • NVIDIA (NVDA) +0.21 (1.6%) to $13.54 on volume of 9.49m shares.

Volatility

The CBOE Volatility Index gained +0.86 points (4.77%) to 18.89 points. and the CBOE Nasdaq100 Volatility Index gained +0.60 points (3.04%) to 20.34 points..

Breadth and Internals

A total of 3179 issues traded today on the NYSE; today’s total volume was 3.45bn shares. A total of 1253 stocks posted gains for the day, and volume in advancing issues totalled 1.23bn shares. Exerting downwards pressure on the index were 1798 losers, which accounted for a total declining volume of 2.16bn shares. 182 stocks made new 1-year highs on the NYSE, while 26 shares plumbed new 52-week depths.

On the Nasdaq 2608 tickers traded today; total Nasdaq volume was 1.73bn shares. A total of 1024 stocks posted gains for the day, with aggregate volume of 0.69bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1460 losers, and total declining volume was 1.01bn shares. 52 Nasdaq-listed stocks hit new 52-week highs, while 52 shares dipped to new 1-year lows.

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 0.00 N/A 0%
S&P500 Index 1379.32 -5.98 -0.43%
Nasdaq Composite 2939.52 -6.32 -0.21%
Nasdaq100 2642.53 +0.41 0.02%
CBOE Volatility Index 18.89 +0.86 4.77%
CBOE Nasdaq100 Volatility Index 20.34 +0.60 3.04%

Dow Darlings

  • Pfizer (PFE) +0.33 (1.4%) to $24.04 on volume of 52.1m units
  • AT&T (T) +0.49 (1.3%) to $37.92 on volume of 33.5m units
  • Bank Of America (BAC) +0.06 (0.8%) to $7.34 on volume of 77.3m units
  • Verizon (VZ) +0.19 (0.4%) to $45.14 on volume of 10.1m units
  • Alcoa (AA) +0.02 (0.2%) to $8.47 on volume of 12.4m units

Dow Duds:

  • Home Depot (HD) -1.07 (2%) to $52.18 on volume of 10.1m units
  • Caterpillar (CAT) -1.48 (1.7%) to $84.21 on volume of 7.8m units
  • Disney Corp (DIS) -0.66 (1.3%) to $49.14 on volume of 9.1m units
  • Boeing (BA) -0.95 (1.3%) to $73.91 on volume of 3.5m units
  • American Express (AXP) -0.58 (1%) to $57.71 on volume of 4.1m units

Most Traded Dow stocks:

  • Bank Of America (BAC) +0.06 (0.8%) to $7.34 on volume of 77.3m units
  • Pfizer (PFE) +0.33 (1.4%) to $24.04 on volume of 52.1m units
  • Microsoft (MSFT)-0.17 (0.6%) to $29.47 on volume of 36.9m units
  • AT&T (T) +0.49 (1.3%) to $37.92 on volume of 33.5m units
  • General Electric (GE)-0.05 (0.2%) to $20.75 on volume of 33.3m units
Precious Metals

Precious met als futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1614.6 -9.4 -0.58
Silver 27.914 -0.119 -0.42
Palladium 590.55 2.2 0.37
Platinum 1416.9 5.1 0.36

The Gold Bugs index (XAU) slid 2.92 points (1.9%) to 150.9 points. Total volume traded in the 16 components of the index was 53.75m shares. Decliners outpaced gainers by 15 to one, with 15 decliners to 1 advancers. Declining volume was greater than advancing volume by 51.66m to 2.09m shares. The main decliners (in percentage terms) were –

  • Harmony Gold (HMY) -0.38 (3.7%) to $9.82 on volume of 0.95m shares;
  • Coeur d’Alene (CDE) -0.45 (2.7%) to $16.31 on volume of 1.42m shares;
  • RandGold Resources (GOLD) -2.42 (2.6%) to $89.48 on volume of 0.37m shares;
  • Kinroos Gold (KGC) -0.22 (2.6%) to $8.31 on volume of 6.24m shares; and
  • Gold Fields Ltd (GFI) -0.33 (2.5%) to $12.9 on volume of 4.2m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 88.06 -1.72 -1.92
Heating Oil 2.848 -0.0334 -1.16
Natural Gas 3.209 -0.005 -0.16
Gasoline RBOB 2.7743 -0.0441 -1.56

The Oil Services index (OSX) slid 4.85 points (2.19%) to 216.65 points. Total volume traded in the 15 components of the index was 57.28m shares. None of the 15 index components rose today: 12 stocks within the index fell, with downside volume of 57.28m shares. The main decliners (in percentage terms) were –

  • Nabors Industries (NBR) -0.74 (5.1%) to $13.84 on volume of 6.87m shares;
  • Weatherford International (WFT) -0.57 (4.5%) to $12.05 on volume of 12.63m shares;
  • Rowan Co (RDC) -1.21 (3.3%) to $35.13 on volume of 2.98m shares;
  • Cameron International (CAM) -1.31 (2.5%) to $50.27 on volume of 2.97m shares; and
  • Tidewater (TDW) -1.22 (2.5%) to $48.57 on volume of 0.43m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.72 -0.148 -0.18
Euro FX 1.2313 0.0044 0.36

Bellwethers

The nine-stock group that makes up the Rant bellwethers declined on average by 0.1%. The fallout occurred as follows:

  • General Electric (GE) -0.05 (0.24%) to $20.75 on volume of 33.31m units.
  • Citigroup (C) -0.01 (0.04%) to $27.13 on volume of 20.61m units.
  • Wal-Mart (WMT) -0.55 (0.73%) to $74.43 on volume of 7.5m units.
  • IBM (IBM) -0.7 (0.36%) to $195.98 on volume of 3.07m units.
  • Intel (INTC) -0.06 (0.23%) to $25.70 on volume of 25.9m units.
  • Cisco Systems (CSCO) +0.08 (0.5%) to $15.95 on volume of 33.39m units.
  • Google (GOOG) +0.67 (0.11%) to $632.97 on volume of 1.83m units.
  • Fannie Mae (FNM) -0 (0%) to $0.00 on volume of 0m units.
  • Freddie Mac (FRE) -0 (0%) to $0.00 on volume of 0m units.
Other Indices of Interest…

The Banks index (BKX) dipped 0.2 points (0 .44%) to 45.52 points. Total volume traded in the 24 components of the index was 206.38m shares. Decliners outpaced gainers by 6 to one, with 18 decliners to 3 advancers. Declining volume was greater than advancing volume by 121.86m to 84.52m shares. The main decliners (in percentage terms) were –

  • Huntington Bancshares (HBAN) -0.095 (1.5%) to $6.215 on volume of 10.34m shares;
  • Fifth Third Bancorp (FITB) -0.2 (1.4%) to $13.82 on volume of 8.37m shares;
  • Regions Financial (RF) -0.09 (1.3%) to $6.96 on volume of 12.97m shares;
  • PNC Financial (PNC) -0.72 (1.2%) to $59.1 on volume of 2.77m shares; and
  • BB&T Corp (BBT) -0.34 (1.1%) to $31.37 on volume of 3.29m shares.

The Semiconductor index (SOX) rose 3.11 points (0.82%) to 383.72 points. Total volume traded in the 18 components of the index was 166.17m shares. Advancers outpaced decliners by 1.3 to one, with 9 advancers to 7 decliners. Advancing volume exceeded declining volu me by 106.69m to 59.47m shares. The biggest gainers (percentage-wise) were –

  • Taiwan Semiconductor (TSM) +0.48 (3.6%) to $13.97 on volume of 16.74m shares;
  • Micron Technology (MU) +0.1 (1.6%) to $6.21 on volume of 51m shares;
  • ST Microelectronic (STM) +0.06 (1.1%) to $5.36 on volume of 1.83m shares;
  • Altera (ALTR) +0.24 (0.7%) to $35.45 on volume of 4.23m shares; and
  • Applied Materials (AMAT) +0.07 (0.6%) to $10.89 on volume of 8.52m shares.

The ChildKiller (“Defence”) index (DFX) lost 0.1 points (0.03%) to 377.5 points. Total volume traded in the 17 components of the index was 54.35m shares. Decliners outpaced gainers by 1.7 to one, with 10 decliners to 6 advancers. Declining volume was greater than advancing volume by 47.02m to 7.33m shares. The main decliners (in percentage terms) were –

  • Boeing (BA) -0.95 (1.3%) to $73.91 on volume of 3.46m shares;
  • Northrop Grummanl (NOC) -0.56 (0.8%) to $66.2 on vol ume of 1.58m shares;
  • Esterline Tech (ESL) -0.46 (0.8%) to $58.72 on volume of 0.05m shares;
  • United Technologies (UTX) -0.53 (0.7%) to $74.44 on volume of 3.38m shares; and
  • General Electric (GE) -0.05 (0.2%) to $20.75 on volume of 33.31m shares.

USRant for Monday, July 30th 2012

0

The following economic data was released during the session:

  • Dallas Fed Manufacturing Activity for July 2012 was released in the US; the result was -13.2 sliding 19 compared to the last data point (5.8) , which was lower than the consensus estimate of 2.0.

Headline Indices

The Dow Jones Industrial Average finished the session at 13,073.01 points, a change of -2.65 points (-0.02%) for the session.

The session high was 13,128.64 points, while the low was down at 13,042.85 points.

Total volume traded in the 30 components of the index was 420.81m shares. Decliners outpaced gainers by 1.6 to one, with 18 decliners to 11 advancers. Declining volume was greater than advancing volume by 321m to 87.18m shares. The main decliners (in percentage terms) were –

  • JPMorganChase (JPM) -0.75 (2%) to $36.14 on volume of 26.62m shares;
  • Hewlett-Packard (HPQ) -0.305 (1.6%) to $18.26 on volume of 10.65m shares;
  • General Motors (GM) -0.31 (1.6%) to $19.36 on volume of 3.78m shares;
  • Merck (MRK) -0.615 (1.4%) to $44.48 on volume of 12.28m shares; and
  • Intel (INTC) -0.26 (1%) to $25.76 on volume of 25.6m shares.

 

The S&P500 Index dropped 0.67 points (0.05%) to 1385.30 points..

Total volume traded in the 500 components of the index was 1.98bn shares. Decliners outpaced gainers by 1.1 to one, with 234 decliners to 204 advancers. Declining volume was greater than advancing volume by 1.06bn to 898.99m shares. The main decliners (in percentage terms) were –

  • Citrix Systems (CTXS) -4.56 (5.9%) to $73.25 on volume of 5.68m shares;
  • Loews Corp. (L) -2.16 (5.2%) to $39.54 on volume of 2.52m shares;
  • Avon Products (AVP) -0.72 (4.5%) to $15.45 on volume of 5.8m shares;
  • MEMC Electronic Materials (WFR) -0.08 (4.2%) to $1.82 on volume of 1.98m shares; and
  • Apollo Group (APOL) -1.17 (4.1%) to $27.22 on volume of 1.79m shares.

The Nasdaq Composite dipped 12.25 points (0.41%) to 2945.84 points. while the Nasdaq100 dropped 4.91 points (0.19%) to 2642.12 points..

Total volume traded in the 100 components of the index was 475.65m shares. Decliners outpaced gainers by 2.3 to one, with 63 decliners to 27 advancers. Declining volume was greater than advancing volume by 308.13m to 167.52m shares. The main decliners (in percentage terms) were –

  • Citrix Systems (CTXS) -4.56 (5.9%) to $73.25 on volume of 5.68m shares;
  • Apollo Group (APOL) -1.17 (4.1%) to $27.22 on volume of 1.79m shares;
  • Check Point Software Technologies (CHKP) -2 (4%) to $48.32 on volume of 2.86m shares;
  • NII Holdings (NIHD) -0.28 (4%) to $6.79 on volume of 5.97m shares; and
  • Sears Holdings (SHLD) -1.89 (3.6%) to $49.96 on volume of 0.41m shares.

Volatility

The CBOE Volatility Index added +1.33 points (7.96%) to 18.03 points. and the CBOE Nasdaq100 Volatility Index gained +1.26 points (6.78%) to 19.84 points..

Breadth and Internals

A total of 3171 issues traded today on the NYSE; today’s total volume was 2.93bn shares. A total of 1505 stocks posted gains for the day, and volume in advancing issues totalled 1.52bn shares. Exerting downwards pressure on the index were 1571 losers, which accounted for a total declining volume of 1.38bn shares. 189 stocks made new 1-year highs on the NYSE, while 19 shares plumbed new 52-week depths.

On the Nasdaq 2595 tickers traded today; total Nasdaq volume was 1.45bn shares. A total of 888 stocks posted gains for the day, with aggregate volume of 0.48bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 1595 losers, and total declining volume was 0.96bn shares. 66 Nasdaq-listed stocks hit new 52-week highs, while 49 sh ares dipped to new 1-year lows.

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 0.00 N/A 0%
S&P500 Index 1385.30 -0.67 -0.05%
Nasdaq Composite 2945.84 -12.25 -0.41%
Nasdaq100 2642.12 -4.91 -0.19%
CBOE Volatility Index 18.03 +1.33 7.96%
CBOE Nasdaq100 Volatility Index 19.84 +1.26 6.78%

Dow Darlings

  • Coca-Cola (KO) +1.11 (1.4%) to $81.12 on volume of 7.3m units
  • United Technologies (UTX) +0.69 (0.9%) to $74.97 on volume of 3.9m units
  • AT&T (T) +0.29 (0.8%) to $37.43 on volume of 24m units
  • Wal-Mart (WMT) +0.46 (0.6%) to $74.98 on volume of 8.3m units
  • Chevron (CVX) +0.56 (0.5%) to $109.82 on volume of 5m units

Dow Duds:

  • JPMorganChase (JPM) -0.75 (2%) to $36.14 on volume of 26.6m units
  • Hewlett-Packard (HPQ) -0.305 (1.6%) to $18.26 on volume of 10.6m units
  • Merck (MRK) -0.615 (1.4%) to $44.48 on volume of 12.3m units
  • Intel (INTC) -0.26 (1%) to $25.76 on volume of 25.6m units
  • Boeing (BA) -0.65 (0.9%) to $74.86 on volume of 4.4m units

Most Traded Dow stocks:

  • Bank Of America (BAC)-0.03 (0.4%) to $7.28 on volume of 72.9m units
  • General Electric (GE)-0.12 (0.6%) to $20.8 on volume of 42.5m units
  • Microsoft (MSFT)-0.115 (0.4%) to $29.64 on volume of 28.7m units
  • Pfizer (PFE)-0.115 (0.5%) to $23.71 on volume of 27.3m units
  • JPMorganChase (JPM)-0.75 (2%) to $36.14 on volume of 26.6m units
Precious Metals

Precio us metals futures performed as follows –

Precious Metals Futures
Commodity Close Gain(Loss) %
Gold 1624 1.3 0.08
Silver 28.033 0.535 1.95
Palladium 588.35 16.5 2.89
Platinum 1411.8 3.6 0.26

The Gold Bugs index (XAU) rose 2.02 points (1.33%) to 153.82 points. Total volume traded in the 16 components of the index was 52.15m shares. Advancers outpaced decliners by 15 to one, with 15 advancers to 1 decliners. Advancing volume exceeded declining volume by 48.49m to 3.66m shares. The biggest gainers (percentage-wise) were –

  • Silver Stand Resources (SSRI) +0.37 (2.9%) to $13.07 on volume of 0.78m shares;
  • Pan-American Silver (PAAS) +0.39 (2.7%) to $14.7 on volume of 1.21m shares;
  • Agnico Eagle Mines (AEM) +1.15 (2.7%) to $44.31 on volume of 1.84m shares;
  • Barrick Gold (ABX) +0.71 (2.2%) to $33.06 on volume of 8.07m shares; and
  • Silver Wheaton (SLW) +0.58 (2.1%) to $28.06 on volume of 2.85m shares.
Energy Complex

Energy futures performed as follows –

Energy Futures
Commodity Close Gain(Loss) %
Crude Oil 89.78 -0.35 -0.39
Heating Oil 2.8814 -0.0091 -0.31
Natural Gas 3.214 0.199 6.6
Gasoline RBOB 2.8184 0.0217 0.78

The Oil Services index (OSX) slid 3.64 points (1.62%) to 221.5 points. Total volume traded in the 15 components of the index was 48.92m shares. Advancers outpaced decliners by 2.7 to one, with 8 advancers to 3 decliners. Advancing volume exceeded declining volume by 27.2m to 17.87m shares. The main decliners (in percentage terms) were –

  • Schlumberger (SLB) -0.42 (0.6%) to $72.54 on volume of 5.72m shares;
  • Cameron International (CAM) -0.24 (0.5%) to $5158 on volume of 3.04m shares; and
  • Halliburton (HAL) -0.07 (0.2%) to $33.55 on volume of 9.11m shares.
Currency Futures

Currency futures performed as follows –

Currency Futures
Index Close Gain(Loss) %
U.S. Dollar Index 82.89 0.125 0.15
Euro FX 1.2269 -0.0048 -0.39

Bellwethers

The nine-stock group that makes up the Rant bellwethers declined on average by 0.1%. The fallout occurred as follows:

  • General Electric (GE) -0.12 (0.57%) to $20.80 on volume of 42.52m units.
  • Citigroup (C) -0.16 (0.59%) to $27.14 on volume of 25.2m units.
  • Wal-Mart (WMT) +0.46 (0.62%) to $74.98 on volume of 8.29m units.
  • IBM (IBM) +0.29 (0.15%) to $196.68 on volume of 2.47m units.
  • Intel (INTC) -0.26 (1%) to $25.76 on volume of 25.6m units.
  • Cisco Systems (CSCO) +0.18 (1.15%) to $15.87 on volume of 36.21m units.
  • Google (GOOG) -2.66 (0.42%) to $632.30 on volume of 2.13m units.
  • Fannie Mae (FNM) -0 (0%) to $0.00 on volume of 0m units.
  • Freddie Mac (FRE) -0 (0%) to $0.00 on volume of 0m units.
Other Indices of Interest…

The Banks index (BKX) fell 0.38 points (0.8 2%) to 45.72 points. Total volume traded in the 24 components of the index was 210.11m shares. Decliners outpaced gainers by 4.3 to one, with 17 decliners to 4 advancers. Declining volume was greater than advancing volume by 195.45m to 14.66m shares. The main decliners (in percentage terms) were –

  • BB&T Corp (BBT) -0.69 (2.1%) to $31.71 on volume of 4.83m shares;
  • JPMorganChase (JPM) -0.75 (2%) to $36.14 on volume of 26.62m shares;
  • Fifth Third Bancorp (FITB) -0.215 (1.5%) to $14.02 on volume of 8.12m shares;
  • Keycorp (KEY) -0.115 (1.4%) to $8.06 on volume of 5.58m shares; and
  • Huntington Bancshares (HBAN) -0.085 (1.3%) to $6.31 on volume of 5.85m shares.

The Semiconductor index (SOX) dropped 3.62 points (0.94%) to 380.61 points. Total volume traded in the 18 components of the index was 127.46m shares. Decliners outpaced gainers by 2.2 to one, with 11 decliners to 5 advancers. Declining volume was greater than advancing vol ume by 107.19m to 20.27m shares. The main decliners (in percentage terms) were –

  • Sandisk (SNDK) -1.27 (3%) to $41.17 on volume of 5.73m shares;
  • Micron Technology (MU) -0.165 (2.6%) to $6.11 on volume of 27.41m shares;
  • Marvell Technology (MRVL) -0.285 (2.5%) to $11.33 on volume of 7.15m shares;
  • Altera (ALTR) -0.83 (2.3%) to $35.21 on volume of 2.97m shares; and
  • Teradyne (TER) -0.34 (2.3%) to $14.63 on volume of 3.59m shares.

The ChildKiller (“Defence”) index (DFX) dipped 1.64 points (0.43%) to 377.6 points. Total volume traded in the 17 components of the index was 63.78m shares. Decliners outpaced gainers by 1.7 to one, with 10 decliners to 6 advancers. Declining volume was greater than advancing volume by 55.28m to 8.51m shares. The main decliners (in percentage terms) were –

  • Teledyne Tech (TDY) -2.04 (3.2%) to $61.53 on volume of 0.27m shares;
  • FLIRr Systems (FLIR) -0.37 (1.8%) to $20.48 on volume o f 2.17m shares;
  • Esterline Tech (ESL) -0.93 (1.5%) to $59.18 on volume of 0.06m shares;
  • ITT Corporation (ITT) -0.27 (1.4%) to $18.63 on volume of 1m shares; and
  • Lockheed Martin (LMT) -1.12 (1.2%) to $89.08 on volume of 1.29m shares.

USRant for Friday, July 27th 2012

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The following economic data was released during the session:

  • Core Personal Consumption Expenditure q/q for December A 2012 was released in the US; the outcome was 1.8% sliding 0.4 compared to the last data point (2.2%) , in line with expectations of 1.8%.
  • Personal Consumption for December A 2012 was released in the US; the series posted a reading of 1.5% sliding 0.9 compared to the last data point (2.4%) – above the consensus estimate of 1.3%.
  • U. of Michigan Confidence for July F 2012 was released in the US; the outcome was 72.3 rising 0.3 from the prior reading of 72.0 – above the market’s pre-release guess of 72.0.
  • Gross Domestic Product Price Index for December A 2012 was released in the US; the series posted a reading of 1.6% losing 0.4 compared to the last data point (2.0%) – above expectations of 1.5%.

Headline Indices

The Dow Jones Industrial Average finished the session at 13 ,075.66 points, a change of +187.73 points (1.46%) for the session.

The session high was 13,117.74 points, while the low was down at 12,888.53 points.

Total volume traded in the 30 components of the index was 659.24m shares. Not a single stock declined withinin the index: 30 of the 30 index components rose, with total upside volume of 659.24mshares. The biggest gainers (percentage-wise) were –

  • Merck (MRK) +1.765 (4.1%) to $45.095 on volume of 24.02m shares;
  • Citigroup (C) +1.02 (3.9%) to $27.3 on volume of 48.39m shares;
  • Caterpillar (CAT) +2.86 (3.4%) to $86.16 on volume of 11.18m shares;
  • Alcoa (AA) +0.26 (3.2%) to $8.45 on volume of 24.53m shares; and
  • Hewlett-Packard (HPQ) +0.555 (3.1%) to $18.565 on volume of 16.16m shares.

 

The S&P500 Index added +25.95 points (1.91%) to 1385.97 points..

Total volume traded in the 500 components of the index was 2.75bn shares. Advancers outpaced decliners b y 30.6 to one, with 429 advancers to 14 decliners. Advancing volume exceeded declining volume by 2.62bn to 126.74m shares. The biggest gainers (percentage-wise) were –

  • Expedia Inc. (EXPE) +9.19 (20.1%) to $54.9 on volume of 17.44m shares;
  • MEMC Electronic Materials (WFR) +0.2 (11.8%) to $1.9 on volume of 2.95m shares;
  • Coventry Health Care Inc. (CVH) +3.35 (10.9%) to $34.07 on volume of 2.74m shares;
  • TellabsInc. (TLAB) +0.32 (10.6%) to $3.325 on volume of 10.07m shares; and
  • Tenet Healthcare Corp. (THC) +0.42 (9.5%) to $4.82 on volume of 6.99m shares.

The Nasdaq Composite added +64.84 points (2.24%) to 2958.09 points. while the Nasdaq100 added +62.18 points (2.41%) to 2647.03 points..

Total volume traded in the 100 components of the index was 679.76m shares. Advancers outpaced decliners by 29 to one, with 87 advancers to 3 decliners. Advancing volume exceeded declining volume by 632.44m to 47.32m shares. The biggest gainers (percentage-wise) were –

  • Expedia (EXPE) +9.19 (20.1%) to $54.9 on volume of 17.44m shares;
  • Leap Wireless International (LEAP) +0.56 (9.9%) to $6.2 on volume of 2.24m shares;
  • Amazon.com (AMZN) +17.31 (7.9%) to $237.32 on volume of 11.27m shares;
  • Gilead Sciences (GILD) +3.82 (7.4%) to $55.5 on volume of 13.97m shares; and
  • VeriSign (VRSN) +2.79 (6.5%) to $45.42 on volume of 4.43m shares.

Volatility

The CBOE Volatility Index lost 0.82 points (4.68%) to 16.71 points. and the CBOE Nasdaq100 Volatility Index dipped 1.42 points (7.06%) to 18.69 points..

Breadth and Internals

A total of 3179 issues traded today on the NYSE; today’s total volume was 3.94bn shares. A total of 2576 stocks posted gains for the day, and volume in advancing issues totalled 3.67bn shares. Exerting downwards pressure on the index were 526 losers, which accounted for a total declining volume of 0.23bn shares. 247 stocks made new 1-year highs on the NYSE, while 29 shares plumbed new 52-week depths.

On the Nasdaq 2580 tickers traded today; total Nasdaq volume was 2.04bn shares. A total of 1916 stocks posted gains for the day, with aggregate volume of 1.56bn shares changing hands in the day’s winners. The red zone of the Nasdaq exchange comprised 569 losers, and total declining volume was 0.47bn shares. 95 Nasdaq-listed stocks hit new 52-week highs, while 58 shares dipped to new 1-year lows.

Major Market Statistics
Index Close Gain(Loss) %
Dow Jones Industrial Average 0.00 N/A 0%
S&P500 Index 1385.97 +25.95 1.91%
Nasdaq Composite 2958.09 +64.84 2.24%
Nasdaq100 2647.03 +62.18 2.41%
CBOE Volatility Index 16.71 -0.82 -4.68%
CBOE Nasdaq100 Volatility Index 18.69 -1.42 -7.06%

Dow Darlings

  • Merck (MRK) +1.765 (4.1%) to $45.1 on volume of 24m units
  • Caterpillar (CAT) +2.86 (3.4%) to $86.16 on volume of 11.2m units
  • Alcoa (AA) +0.26 (3.2%) to $8.45 on volume of 24.5m units
  • Hewlett-Packard (HPQ) +0.555 (3.1%) to $18.57 on volume of 16.2m units
  • JPMorganChase (JPM) +1.08 (3%) to $36.89 on volume of 44.6m units

Dow Duds:

    Most Traded Dow stocks:

    • Bank Of America (BAC) +0.14 (2%) to $7.31 on volume of 137.9m units
    • General Electric (GE) +0.36 (1.8%) to $20.92 on volume of 62.6m units
    • JPMorganChase (JPM) +1.08 (3%) to $36.89 on volume of 44.6m units
    • Microsoft (MSFT) +0.595 (2%) to $29.76 on volume of 43.9m units
    • AT&T (T) +0.84 (2.3%) to $37.14 on volume of 35.1m units
    Precious Metals

    Precious metals futures performed as follows –

    Precious Metals Futures
    Commodity Close Gain(Loss) %
    Gold 1622.7 2.9 0.18
    Silver 27.498 0.052 0.19
    Palladium 571.85 1.95 0.34
    Platinum 1408.2 2.6 0.18

    The Gold Bugs index (XAU) advanced 1.82 points (1.21%) to 151.8 points. Total volume traded in the 16 components of the index was 81.78m shares. Advancers outpaced decliners by 3 to one, with 12 advancers to 4 decliners. Advancing volume exceeded declining volume by 49.08m to 32.7m shares. The biggest gainers (percentage-wise) were –

    • Harmony Gold (HMY) +0.38 (3.9%) to $10.13 on volume of 1.65m shares;
    • Freeport McMoran (FCX) +1.16 (3.6%) to $33.47 on volume of 16.87m shares;
    • AngloGold Ashanti (AU) +1.06 (3.1%) to $34.76 on volume of 2.17m shares;
    • Royal Gold (RGLD) +2.22 (3%) to $75.55 on volume of 0.6m shares; and
    • Agnico Eagle Mines (AEM) +1.07 (2.5%) to $43.16 on volume of 2.73m shares.
    Energy Complex

    Energy futures performed as follows –

    Energy Futures
    Commodity Close Gain(Loss) %
    Crude Oil 90.13 0.74 0.83
    Heating Oil 2.8905 0.0211 0.74
    Natural Gas 3.015 -0.075 -2.43
    Gasoline RBOB 2.7967 0.0597 2.18

    The Oil Services index (OSX) advanced 5.85 points (2.67%) to 225.14 points. Total volume traded in the 15 components of the index was 77.49m shares. Not a single stock declined withinin the index: 12 of the 15 index components rose, with total upside volume of 77.49mshares. The biggest gainers (percentage-wise) were –

    • Weatherford International (WFT) +0.81 (6.9%) to $12.61 on volume of 15.81m shares;
    • Cameron International (CAM) +1.91 (3.8%) to $51.82 on volume of 6.73m shares;
    • Oceaneering International (OII) +1.68 (3.4%) to $51.65 on volume of 0.66m shares;
    • Halliburton (HAL) +1.06 (3.3%) to $33.62 on volume of 19.54m shares; and
    • Rowan Co (RDC) +1.09 (3.1%) to $35.79 on volume of 1.52m shares.
    Currency Futures

    Currency futures performed as follows –

    Currency Futures
    Index Close Gain(Loss) %
    U.S. Dollar Index 82.76 -0.099 -0.12
    Euro FX 1.2317 0.0024 0.2

    Bellwethers

    The nine-stock group that makes up the Rant bellwethers advanced on average by 1.7%. The fallout occurred as follows:

    • General Electric (GE) +0.36 (1.75%) to $20.92 on volume of 62.6m units.
    • Citigroup (C) +1.02 (3.88%) to $27.30 on volume of 48.39m units.
    • Wal-Mart (WMT) +0.85 (1.15%) to $74.52 on volume of 10.06m units.
    • IBM (IBM) +2.44 (1.26%) to $196.39 on volume of 3.75m units.
    • Intel (INTC) +0.52 (2.04%) to $26.02 on volume of 33m units.
    • Cisco Systems (CSCO) +0.31 (2.02%) to $15.69 on volume of 39.9m units.
    • Google (GOOG) +21.60 (3.52%) to $634.96 on volume of 3.52m units.
    • Fannie Mae (FNM) -0 (0%) to $0.00 on volume of 0m units.
    • Freddie Mac (FRE) -0 (0%) to $0.00 on volume of 0m units.
    Other Indices of Interest…

    The Banks index (BKX) gained 0.7 points ( 1.54%) to 46.1 points. Total volume traded in the 24 components of the index was 355.66m shares. Advancers outpaced decliners by 20 to one, with 20 advancers to 1 decliners. Advancing volume exceeded declining volume by 344.25m to 11.4m shares. The biggest gainers (percentage-wise) were –

    • Citigroup Inc (C) +1.02 (3.9%) to $27.3 on volume of 48.39m shares;
    • Washington Mutual (WM) +1.05 (3.2%) to $34.15 on volume of 5.89m shares;
    • JPMorganChase (JPM) +1.08 (3%) to $36.89 on volume of 44.59m shares;
    • Zions Bancorp (ZION) +0.4 (2.2%) to $18.48 on volume of 3.24m shares; and
    • Capital One Financial (COF) +1.24 (2.2%) to $57.6 on volume of 2.86m shares.

    The Semiconductor index (SOX) advanced 8.69 points (2.31%) to 384.23 points. Total volume traded in the 18 components of the index was 147.39m shares. Not a single stock declined withinin the index: 15 of the 18 index components rose, with total upside volume of 146.12mshares. Th e biggest gainers (percentage-wise) were –

    • ST Microelectronic (STM) +0.29 (5.8%) to $5.28 on volume of 1.77m shares;
    • Micron Technology (MU) +0.32 (5.4%) to $6.275 on volume of 23.68m shares;
    • Altera (ALTR) +1.3 (3.7%) to $36.04 on volume of 4.63m shares;
    • KLA-Tencor Cp (KLAC) +1.25 (2.5%) to $50.91 on volume of 2.69m shares; and
    • Applied Materials (AMAT) +0.255 (2.4%) to $10.895 on volume of 10.73m shares.

    The ChildKiller (“Defence”) index (DFX) advanced 6 points (1.61%) to 379.24 points. Total volume traded in the 17 components of the index was 87.39m shares. Not a single stock declined withinin the index: 16 of the 17 index components rose, with total upside volume of 87.39mshares. The biggest gainers (percentage-wise) were –

    • Teledyne Tech (TDY) +1.91 (3.1%) to $63.57 on volume of 0.23m shares;
    • Esterline Tech (ESL) +1.61 (2.8%) to $60.11 on volume of 0.08m shares;
    • Gencorp (GY) +0.21 (2.6%) to $8.34 on volume of 1.48m shares;
    • Alliant Tech (ATK) +1.03 (2.3%) to $45.67 on volume of 0.31m shares; and
    • Raytheon (RTN) +1.11 (2%) to $55.67 on volume of 2.15m shares.
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