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Million Dollar Portfolio Challenge:  Trades of the Day

Nearly 1.4 billion shares and over $16 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. The top currency trader has more than doubled his money making over $295,000 since currency trading began. Check out Sue Herrera's currency tips here and for daily currency analysis, go to Currency Updates.

Contest Widely Helds and Actives:

  • In Wednesday's session, contestants made the most in the USD/JPY, EUR/JPY and USD/CAD pairs
  • Contestants lost the most in the NZD/USD, AUD/USD, NZD/JPY pairs
  • US Dollar: Today at 10aET Fed Chairman Bernanke and Treasury Secretary Paulson testify on markets before the House Committee and their commentary often proves market moving for the US dollar.
    • Bullish comments for the dollar would include a focus on rising inflation by Fed Chairman Bernanke and strongly worded comments on US dollar weakness by Treasury Secretary Paulson
    • Bearish comments for the dollar if Fed Chairman Bernanke focuses on risks to growth, mentions recession or comments on the instability of the financial markets
  • EUR/USD The ECB Monthly Report is due today, and if it has a hawkish tone that focuses on inflation risk, that may indicate a rate hike, it could be very bullish for the euro.
  • GBP/USD The Bank of England rate decision is due this morning, and consensus is that they will leave rate steady. The decision may be a non-event because the Bank of England doesn’t usually publish comments if the rate is left unchanged, but no rate cut could be bullish for the pound on a short-term basis.

  • Ambac Financial was again the most active stock in the contest by far with over 191M shares traded on Tuesday followed by Sirius (SIRI) at over 66M shares traded

  • AMR& U.S. Airways fell out of the Most Actives, replaced by Ford, which made it into the list for the first time & Washington Mutual

  • Sirius Satellite Radio continues to hold the top spot in the Widely Helds with over 2.5B shares owned in the contest

  • Industrials continue to represent 35% of the top Widely Helds

Sample of Top Trades in the Leaderboard:

  • Oilsands Quest if you bought on Tuesday before 4pET and held/sold on Wednesday, you made 6.03%

  • James River Coal if you bought on Tuesday before 4pET and held/sold on Wednesday, you made 5.75%


Sample of Losing Trades from the Leaderboard:

  • Freddie Mac if you bought on Tuesday before 4pET and held/sold on Wednesday, you lost -23.77%

  • Fannie Mae if you bought on Tuesday before 4pET and held/sold on Wednesday, you lost -7.51%


Bets for Today (July 9th):

  • AMR

  • Northwest Airlines

  • Yamana Gold

  • Barrick Gold

  • Newmont Mining

  • Johnson and Johnson

  • Procter & Gamble

  • Agrium

  • The Mosaic

It's not too late to get started. You can still get in the game to win the grand prize or one of these great weekly prizes.
Click here to play.

bythenumbers.cnbc.com