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Thanks shan Appreciate the summary, always a worthy read. With...

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21/10/14

07:56

Post #: 14153027
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Originally posted by shantaram ↑

Morning everyone

SPI futures up 11 pts at 5317

U.S. stocks rallied for a third day as optimism over corporate earnings spurred a rebound from last week’s sell off.

The S&P 500 Index rose 0.9 percent to 1,904.02. The index has fallen for the past four weeks and is down 5.3 percent since Sept. 18. The DJIA added 19.26 points, or 0.1 percent, to 16,399.67. The Nasdaq Composite Index added
1.4 percent

In Europe

Euro Stoxx 50 -1.2%
FTSE -0.7%
CAC -1%,
DAX -1.5%

Commodities

Spot gold up 0.6% to $US1246.11 an ounce
Iron ore adds 1% to $US81.60 per metric tonne
Brent oil down 0.9% to $US85.43 per barrel
AUD at 88.00 US cents

News Today

Australia Reserve Bank board minutes, speech by RBA deputy governor Phillip Lowe
ANZ-Roy Morgan weekly consumer confidence survey
Australian Bureau of Statistics (ABS) International merchandise imports for September
China monthly spending, production and investment data, GDP
US existing home sales

Have a good day guys

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Thanks shan

Appreciate the summary, always a worthy read.
With the Japanese pension shift from 12 to 24% equities & the index rebounding from Fib levels to start what should be a long bull run, it's certainly exiting times at macro level.

Here's a chart with my call on 2 high probability trades for today.
http://hotcopper.com.au/threads/breakout.2351547/page-145?post_id=14152560#.VEVu6fmUeSo
7 Upvote

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