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Market Review December 17, 2009     
 
Conference Board reported today that its index of leading economic indicators rose 0.9% last month, up from the 0.3% it rose in October, and beating analysts’ forecasts of 0.7%. Labor Department reported jobless claims were higher than expected; initial jobless claims rose by 7,000 to 480,000 in the week ended December 12, analysts had estimated 465,000 new claims. More economic data that was released today was the Philadelphia Fed index, the reading soared to 20.4 in December from 16.7 in November, the highest level since April 2005, analysts forecasted a decline to 16.0. Stocks fell with all of the data released today, the Dow Jones Industrial Average fell 127 points, the Nasdaq Composite Index fell 24 points and the Standard & Poor’s 500 Index fell 12 points. Bond prices rose, the yield on the benchmark 10-year note fell to 3.48 from 3.59 Wednesday.

Free Daily Stock Picks activity and results for December 17, 2009:

DHR - position entry at 73.28, 1st Target Level hit for a gain of 1.10 points
FSLR - position entry at 138.80PM, Stop hit for a loss of 1.00 point
OSIP - position entry at 32.17, 1st Target Level hit for a gain of 0.48 points
NDSN - position entry at 54.01, 1st Target Level hit for a gain of 0.81 points
HLF - position entry at 41.72, 1st Target Level hit for a gain of 0.63 points
NANO - position entry at 11.52PM, 3rd Target Level hit for a gain of 0.58 points

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