Zantrio.com Market Review March 11, 2010

By Zantrio Market Review | March 11, 2010, 3:47 pm

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Labor Department reported new claims actually fell to 462,000 from a revised 468,000 the previous week, but missed analysts? predictions of 460,000. However, continuing claims rose to 4,558,000, up 37,000 from last week's reading of 4,521,000, analysts predicted 4,500,000 claims. In other news, China reported the inflation rate rose to 2.7 % in February from 1.5% in January; investors worry the sudden rise in inflation will cause them to raise interest rates. Stocks managed to end the day with gains after trading in a tight range with light volume. The Dow Jones Industrial Average rose 41 points, the Nasdaq Composite index rose 8 points and the Standard & Poor's 500 index rose 4 points. Commodity prices were mixed, gold stayed at $1,108.10 and crude oil rose $0.12 to $82.21. Bond prices fell, the yield on the benchmark 10-year note rose to 3.72 from 3.71 Wednesday.

Free Daily Stock Picks activity and results for March 11, 2010:

GYMB - 3rd Target Level hit for a gain of 1.95 points
HITK - 3rd Target Level hit for a gain of 1.05 points
IMAX - 3rd Target Level hit for a gain of 0.81 points
HOTT - EOD price hit for a loss of 0.07 points
MW - Stop hit for a loss of 1.00 point

Total: 5 positions; +2.74 points; +$274.00 (based on 100 shares)

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Stocks Day Trading Picks results:
Total: 13 positions; +5.23 points; +$523.00 (based on 100 shares)

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Forex Day Trading Picks results:
Total: 3 positions; $41.04 (based on 1 contract)

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Futures Day Trading Picks results:
Total: 3 positions; +$190.00 (based on 1 standard lot)
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