Daily Market Commentary for May 9, 2008 from Millennium-Traders.Com

A quiet day on the street created a general lack luster trading session
today. Crude Oil moved lower on the session today and we'll continue to
monitor the gas situation for any potential dips that we're all hoping
for, at the gas pump. (read more
http://www.millennium-traders.com/news/newscommentary.aspx)

At the closing bell on the Stock Exchange, here is how the major world
indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) triple digit gain of 130.43 points
on the day to end the session at 12,876.31
NYSE (New York Stock Exchange) gain of 90.00 points to end the session
at 9,417.87
NASDAQ gain of 42.97 points for a close at 2,488.49
S&P 500 gain of 15.30 points for a close at 1,403.58
FTSE All-World ex-U.S. gain of 2.14 points to close at 253.10
FTSE RAFI 1000 gain of 68.32 points to close at 5,654.26
BEL 20 gain of 16.01 points to close at 3,842.92
CAC 40 gain of 15.65 points to close at 4,976.21
FTSE100 gain of 15.9 points to close at 6,220.6
NIKKEI 225 gain of 88.1 points to close at 13,743.4

News on the New York Stock Exchange (NYSE) today: advanced stocks
2,217; declined stocks 945; unchanged stocks 92; stocks hitting new
highs 56; stocks hitting new lows 29. Daily Trading Range and end of
day trading results for volatile stocks on the NYSE traded by active
Day Traders today:  FedEx Corporation (NYSE: FDX) gained 0.13 points on
the trading day, high on the trading day $91.10, low on the trading day
$87.59, for a closing price at $90.50; Potash Corporation  of
Saskatchewan, Incorporated (NYSE: POT) gained 2.83 points on the
trading day, high on the trading day $201.73, low on the trading day
$195.20, for a closing price at $200.69; American International Group,
Incorporated (NYSE: AIG) shed 1.91 points on the trading day, high on
the trading day $41.15, low on the trading day $38.37, for a closing
price at $38.37; Mastercard Incorporated (NYSE: MA) gained 3.41 points
on the trading day, high on the trading day $292.98, low on the trading
day $282.30, for a closing price at $290.26; EnCana Corporation (NYSE:
ECA) gained 5.80 points on the trading day, high on the trading day
$93.65, low on the trading day $89.50, for a closing price at $91.73;
Hess Corporation (NYSE: HES) shed 0.54 points on the trading day, high
on the trading day $116.32, low on the trading day $112.64, for a
closing price at $115.20; Vulcan Materials Company (NYSE: VMC) gained
4.21 points on the trading day, high on the trading day $70.66, low on
the trading day $66.80, for a closing price at $70.51; Visa
Incorporated (NYSE: V) shed 0.96 points on the trading day, high on the
trading day $84.48, low on the trading day $78.10, for a closing price
at $81.90.

News on the NASDAQ today: advanced stocks 1,986; declined stocks 893;
unchanged stocks 139; stocks hitting new highs 46; stocks hitting new
lows 75. Trading range and end of day trading results for volatile
NASDAQ stocks traded by active Day Traders today:  Apple Incorporated
(NasdaqGS: AAPL) gained 4.71 points on the trading day, high on the
trading day $188.87, low on the trading day $182.85, for a closing
price at $188.16; Sohu.com Incorporated (NasdaqGS: SOHU) gained 6.38
points on the trading day, high on the trading day $82.50, low on the
trading day $75.16, for a closing price at $82.20; Sina Corporation
(NasdaqGS: SINA) gained 3.05 points on the trading day, high on the
trading day $51.90, low on the trading day $47.75, for a closing price
at $51.205; DryShips, Incorporated (NasdaqGS: DRYS) gained 4.68 points
on the trading day, high on the trading day $97.17, low on the trading
day $92.40, for a closing price at $96.64; Research In Motion Limited
(NasdaqGS: RIMM) gained 9.20 points on the trading day, high on the
trading day $143.08, low on the trading day $135.65, for a closing
price at $141.97; First Solar, Incorporated (NasdaqGS: FSLR) gained
0.34 points on the trading day, high on the trading day $288.00, low on
the trading day $278.00, for a closing price at $284.84; Baidu.com,
Incorporated (NasdaqGS: BIDU) gained 20.59 points on the trading day,
high on the trading day $367.75, low on the trading day $343.10, for a
closing price at $366.87.

News on the American Stock Exchange (AMEX) today: advanced stocks 716;
declined stocks 448; unchanged stocks 110; stocks hitting new highs 33;
stocks hitting new lows 28.

President Federal Reserve Bank of Chicago Charles L. Evans: 'Open
Question' whether economy is in Recession; U.S. economy 'resilient'
despite challenges; growth 'well undershooting' potential output; tough
to keep inflation expectations anchored; soaring food and energy costs
slowing economy; FOMC 'always monitoring' value of U.S. Dollar; core
prices 'above where we'd like it to occur'; a 2nd Stimulus Package
likely too late to help economy; Treasury’s Bank regulation package
'interesting first step'; early passage of Stimulus Package 'quite
fortunate'; uncertainty remains high, path forward may be uneven;
effects of Fiscal Stimulus to boost 2008 spending; productivity growth
still solid; drag from credit conditions to diminish over time; drag
from residential construction to diminish; Real GDP near potential "as
we move through" 2009; economic activity still at relatively sluggish
pace; economic conditions to improve 2h 2008; forecast assumes energy,
commodity prices stabilize; core inflation seen at 1.5%-2% by 2010;
inflation seen improving over medium term; monetary stance balances
risks on growth, inflation; monetary policy accommodative, supports
growth.

Commodities Markets
Energy Sector: Light Crude (NYM) shed $1.73 on the day to close at
$124.23 a barrel ($US per bbl.); Heating Oil (NYM) shed $0.08 on the
day to close at $3.56 a gallon ($US per gal.); Natural Gas (NYM) shed
$0.24 on the day to close at $11.30 per million BTU ($US per mmbtu.);
Unleaded Gas (NYM) shed $0.04 on the day to close at $3.16 a gallon
($US per gal.).

Metals Markets: Gold (CMX) shed $0.90 to close at $884.90 ($US per Troy
oz.); Silver (CMX) gained $0.32 to close at $17.23 ($US per Troy oz.);
Platinum (NYM) gained $21.50 to close at $2,123.30 ($US per Troy oz.)
and Copper (CMX) gained $0.03 to close at $3.75 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) gained 0.15
to close at 77.03; Pork Bellies (CME) shed 0.53 to close at 79.55; Live
Cattle (CME) shed 0.23 to close at 94.30; Feeder Cattle (CME) gained
0.85 to close at 110.78.

Other Commodities (cents per bu.): Corn (CBT) shed 14.50 to close the
session at 614.75 and Soybeans (CBT) shed 15.50 to close the session at
1,342.50.

Bonds were higher across the board today: 2 year bond shed 3/32 to
close at 99 21/32 with a Yield of 2.30, Yield Change +0.06; 5 year bond
shed 7/32 to close at 100 16/32 with a Yield of 3.01, Yield Change
+0.05; 10 year bond shed 7/32 to close at 100 20/32 with a Yield of
3.79, Yield Change +0.02; the 30 year bond shed 8/32 to close at 97
10/32 on the day with a Yield of 4.53, Yield Change +0.01.

The e-mini Dow $5 ended the commodity session today at 12,875 with a
gain of 131 points on the trading session. Futures Traders should
review workshops available at the CBOT (Chicago Board of Trade).
Educational in-person seminars schedules available on the CBOT (Chicago
Board of Trade) website.

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