Day Trading 28 Feb Pre Market

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    Morning all
    Thanks Matluc and crew

    SPI -16 @ 5703

    The benchmark S&P/ASX200 shed 0.3 per cent to 5724.2 on Monday, its sixth session in the red of the last seven, despite strong leads from the S&P500 and Dow Jones, the latter of which continued its 11 day of record closes on Friday.
    Strong earnings results from reporting companies failed to stem the tide of a falling market, with the big miners and the bigger banks pulling the index into the red.
    Energy was the biggest drag on the ASX, with the sector as a whole falling 1.9 per cent as oil stocks posted large losses.
    Soaring Chinese iron ore futures did little to prop up the materials sector, down 0.4 per cent overall. Newcrest Mining lost 1.9 per cent, Rio Tinto fell 0.6 per cent and BHP closed 0.3 per cent lower.
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    U.S. equities rose slightly on Monday as Wall Street looked ahead to a key speech from President Donald Trump.
    "For the speech tomorrow night, people are looking to maybe hear more details" about policies, said Randy Warren, chief investment officer at Warren Financial. "He's delivered on most of his campaign promises. Now it's time for him to deliver on the tough ones."
    The Dow Jones industrial average gained 20 points, hitting a new all-time high, with Caterpillar and Chevron contributing the most gains.
    The S&P 500 also hit a record high before holding about 0.1 percent higher, with energy rising 1 percent to offset losses in telecoms.
    The Nasdaq composite gained 0.15 percent.
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    Oil prices were little changed on Monday as investors showed record confidence that prices would rise further, but the prospect of faster growth in U.S. oil production capped gains.
    U.S. West Texas Intermediate futures settled up 6 cents at $54.05, after earlier rising more than 1 percent.
    3

    Copper + .3%
    Nickel + 1.8%
    Zinc - 1%

    Gold late selloff down $4 @ 1252. Session high $1265
    HUI - 3%
    AUD Gold $1631

    AUD .7632

    Have a good day

    1 SMH
    2, 3 CNBC
 
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