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Market Review December 16, 2009     
 
Commerce Department reported that November CPI rose 0.4% after rising 0.2% the previous month, results matched analysts’ expectations. Core CPI was unchanged from the prior month, compared to the expected gain of 0.1% for November. Housing starts increased to a 574,000 annual unit rate in November from a revised 527,000 unit annual rate in October. Building permits rose to a 584,000 unit annual rate in November, more than the 570,000 rate analysts expected. Stocks rose in the trading session, the Dow Jones Industrial Average fell 6 points, the Nasdaq Composite Index rose 5 points and the Standard & Poor’s 500 Index rose 1 point. Bond prices fell, the yield on the benchmark 10-year note rose to 3.59 from 3.58 Tuesday. Commodities such as gold and crude oil rose, gold rose $13.00 to $1,136.00 and crude oil rose $1.97 to $72.66.

Free Daily Stock Picks activity and results for December 16, 2009:

ROP - position entry at 54.87, EOD price hit for a gain of 0.13 points
TWTC - position entry at 16.65, 1st Target Level hit for a gain of 0.42 points
FLR - position entry at 43.77, EOD price hit for a gain of 0 points
GIII - position entry at 20.00PM, 3rd Target Level hit for a gain of 0.80 points

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