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Market Review October 28, 2009     
 
Commerce Department reported new home sales fell 3.6% to a seasonally-adjusted annual rate of 402,000 last month, from a rate of 417,000 in August, it marked the first time new home sales fell since March. According to government reports, orders for durable goods rose 1% in September, matching analysts’ expectations, orders fell 2.6% the previous month. Stocks fell in today’s trading session, the Dow Jones Industrial Average fell 111 points, the Nasdaq Composite Index fell 54 points and the Standard & Poor’s 500 Index fell 20 points. Bond prices were rose, the yield on the benchmark 10-year Treasury note fell to 3.40 from 3.45 Tuesday and the dollar rose against most other major currencies. Commodities such as crude oil and gold continued their fall.

Free Daily Stock Picks activity and results for October 28, 2009:

HRS - position entry at 40.50PM, 3rd Target Level hit for a gain of 1.62 points
V - position entry at 74.98PM, 3rd Target Level hit for a gain of 3.00 points
PNRA - position entry at 58.76, 2nd Target Level hit for a gain of 1.76 points
DWA - position entry at 33.00, 1st Target Level hit for a gain of 0.49 points
FISV - position entry at 47.92, 3rd Target Level hit for a gain of 1.92 points
PSYS - position entry at 20.50PM, 3rd Target Level hit for a gain of 0.82 points
APOL - position entry at 61.09PM, stop hit for a loss of 1.00 point
ILMN - position entry at 34.55PM, 2nd Target Level hit for a gain of 1.04 points

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