Daily Market Analysis - Monday 25 July, 2011

Friday 22 July, 2011 - AMC

Dow	12,681.16	-43.25	-0.34%

Nasdaq	2,858.83	0.00	0.00%

S&P 500	1,345.02	0.00	0.00%

Russell 2000	841.82	0.00	0.00%

Friday 22 July, 2011 Economic Data

 None.

Sectors Performance

 

 

What move the market 

• Tech stocks show leadership
• Blue chips post better-than-expected results, but see mixed response
• Europe's bourses bounce in response to news that a new financing deal has been made available for Greece, but the euro drifts lower against the US dollar

Commodities

ENERGY FUTURES

CRUDE OIL 99.04 -0.83 -0.83%

NATURAL GAS 4.376 -0.023 -0.52%

METAL FUTURES

GOLD 1617.60 16.10 +1.01%

SILVER 40.565 0.443 +1.1%

COPPER 4.394 -0.016 -0.36%

AGRICULTURE FUTURES

WHEAT 685.50 -6.75 -0.97%

SOYBEAN 1379.50 -8.75 -0.63%

CORN 677.75 -7.75 -1.13%

SUGAR 31.14 -0.20 -0.64%

COFFEE 244.35 2.85 +1.18%

COTTON 97.02 -1.62 -1.64%

ROUGH RICE 16.75 0.01 +0.06%

Treasury Yield

INTEREST RATE FUTURES

TREASURY BOND 124.7812 -1.0625 -0.84%

10-YR NOTE 123.9219 -0.4062 -0.33%

2-YR NOTE 109.8047 -0.0547 -0.05%

EURODOLLAR 99.54 -0.01 -0.01%

Notable Earnings

Technical Updates

Monday 25 July, 2011 BMO

Monday 25 July, 2011 Economic Data 

 None

News

 Moody’s Investors Service cut Greece’s credit ratings by three notches Monday, describing default as almost certain and warning that the new bailout plan for the country sets a negative precedent for creditors of other debt-strapped euro-zone nations

U.S. stock futures dropped and gold hit a record on Monday after President Barack Obama and Congress failed to reach a debt-ceiling deal, hiking fears of a U.S. downgrade

U.S. Treasury yields rise on debt-ceiling worries

Gold futures hit a fresh record in electronic trading Monday, as U.S. debt-ceiling talks to avert a default continued, with no apparent progress toward a deal.

Gold for August delivery GC1Q +1.05%   gained $16.30, or 1.0% to $1,617.70 an ounce on the Comex division of the New York Mercantile Exchange during Asian trading hours.

BlackBerry maker Research In Motion Ltd. RIMM -1.86%  , struggling to deal with sagging demand for its aging smartphone line, will cut its global workforce by about 2,000, leaving it with about 17,000 employees.

Interview with Jim Roger

Earnings

Almanac 

 Bull

Summary

Market Direction : Down

Accuracy : (8/13)