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Market Review October 29, 2009     
 
Commerce Department reported Thursday that the gross domestic product rose at an annual rate of 3.5 percent in the third quarter, this was the first time in over a year that it grew. Labor Department also reported that initial jobless claims fell in the week ending October 24; jobless claims came in at 530,000, down 1,000 from the previous week. Stocks rose after the data was released, the Dow Jones Industrial Average rose 193 points, the Nasdaq Composite Index rose 39 points and the Standard & Poor’s 500 Index rose 23 points. The rise in stocks caused the dollar to weaken and bond prices fall, the yield on the benchmark 10-year Treasury note rose to 3.48 from 3.40 Tuesday, commodities such as oil and gold rose.

Free Daily Stock Picks activity and results for October 29, 2009:

SYMC - position entry at 16.78PM, 3rd Target Level hit for a gain of 0.84 points
LNC - position entry at 23.90PM, 3rd Target Level hit for a gain of 0.96 points
IDCC - position entry at 19.98PM, 2nd Target Level hit for a gain of 0.80 points
FLS - position entry at 99.50, 2nd Target Level hit for a gain of 2.98 points
CBG - position entry at 11.43, 3rd Target Level hit for a gain of 0.57 points
FSLR - position entry at 131.45PM, Stop hit for a loss of 1.00 point
ITRI - position entry at 57.43, Stop hit for a loss of 1.00 point

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