zantriocom's Blog : Zantrio.com Market Review 11-16-09

Commerce Department reported retail sales rose 1.4 % in October from a 2.3% drop in September, analysts expected a 0.8% increase for October. General Motors said it lost $1.2 billion in the third quarter, it also said it would begin to repay government loans in December. Stocks rallied today after the Commerce Department’s report, the Dow Jones Industrial Average rose 137 points, the Nasdaq rose 28 points and the Standard & Poor’s 500 Index rose 15 points. Bond prices rose, the yield on the benchmark 10- year Treasury note fell to 3.33 from 3.42 Friday, the dollar continued to weaken against other currencies. Gold prices continued to rise, it reached record highs of $1, 139.40 today.

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

PLA - position entry at 4.67, 3rd Target Level hit for a gain of 0.28 points
FDX - position entry at 83.64, 1st Target Level hit for a gain of 1.25 points
TFSL - position entry at 11.26PM, 3rd Target Level hit for a gain of 0.56 points
PBR - position entry at 50.57PM, EOD price hit for a loss of 0.47 points

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