TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.
This week has certainly been historic so far as the DOW reached levels significantly higher than it's previous all-time high. As of this morning, however, the DOW is pointing to a lower open, indicating down -60 points as of 04:11 A.M., EST. The S&P is showing lower as well, down -6.80 points. And the NASDAQ is indicating lower as well, down -12.00 points. American markets will look to rebound after yesterday's giveback.
In the foreign world markets, the Asian markets suffered some bad losses with the Nikkei 225 down -111.56 points dropping to 18,703.60. The Hang Seng fell hard -237.40 points as well to 24,465.38, down almost one full percent. The Shanghai Composite was actually up almost half a percent some +16.48 points to 3,279.53. In Europe, the FTSE 100 is down -8.47 points to 6,880.66. The CAC 40 is slight pointing up +3.89 points to 4,873.14. The German DAX is down hard -48.58 points to 11,231.78. The Swiss Market is up nicely +33.35 adding to levels coming in at 8988.03 points currently. Lastly, the Tel Aviv TA-100 Index is currently up 3.24 points to 1,358.59.
Oil may be stabilizing some analysts believe, while others still await the big fallout. Crude currently sits at 50.75/barrel, up .23 cents .46% on the session so far. NYMEX Nat. Gas is finally up .02 cents to 2.74/MMBtu, up some .88% today so far.
Precious metals continue to struggle, with Gold down -1.10/oz to 1,206.10 and Silver down -.02/oz to 16.35. Platinum is also down -7.40/oz to 1,183.20 and Palladium is also down -5.70/oz to 827.00. COMEX Copper is also down 1.35/lb on the session to 264.30/USd/lb.
As for the Agricultural Commodity Futures, the day is weak is CBOT Corn down 1.00/USd/bu. to 390.00. CBOT Wheat is also down 4.00 to 502.00/USd/bu. ICE Cocoa is up +16.00/USD/mt to 3,022.00. ICE Cotton #2 is down .03/USd/lb. to 63.60, down some .05% on the session. Lastly, CME Live Cattle is sitting at even at 151.05/USd/lb.
