daytrade diaries... january 15, page-22

Good morning,

US Stocks rose Thursday, led by technology shares, as investors looked past the day's ho-hum economic news and geared up for Intel's quarterly report, released shortly after the bell.

The Dow Jones industrial average (INDU) added 30 points, or 0.3%, according to early tallies. The S&P 500 index (SPX) added 3 points, or 0.2%. The Nasdaq composite (COMP) rose 8 points, or 0.4%.

Analyst said "The next few months is going to be about merging expectations and reality. Expectations have been set pretty high for earnings and the economy, in terms of where stock valuations are set. Now we need to see if the results can deliver."

Interest rates are not going to go up any time soon in the US or Europe. It was this message that kept equity markets on a positive streak last night.(IMO)

LONDON - European stock markets closed slightly firmer on Thursday but showed little conviction as investors waited for quarterly results from US chip giant Intel to offer some cheer, dealers said.

They said the focus remained on US company results in the hope they will justify the run-up in stocks last year and lay the basis for further gains.

The European Central Bank left its key interest rate unchanged at a record low 1.0 per cent, as expected, and had little very new to say on the economic outlook, they added.

In London, the FTSE 100 index of leading shares was up 24.72 points, by 0.45 per cent, at 5,498.20 points.
FRANKFURT - The DAX added 25.74 points, or 0.43 per cent, to 5,988.88.

PARIS - The CAC 40 rose 14.91 points, by 0.37 per cent, to 4,015.77 points.

Oil prices eased on Thursday after briefly topping $US80 as traders assessed the state of energy inventories in the United States, the world's largest energy consumer.

New York's main futures contract, light sweet crude for delivery in February, dipped 26 cents to settle at $US79.39 per barrel, after earlier hitting a high of $US80.36.

The Australian market has received generally positive leads from overnight trading, with Wall Street indices higher, precious metals also rising, although oil and copper both fell.

At 0701 AEDT on the Sydney Futures Exchange, the March share price index contract was 16 points higher at 4,895.

GOLD up $6.20c to US$1143.00 an ounce
SILVER up 10.5c to US$18.655 an ounce
COPPER down 1.25c at US$3.3875 per pound

Today's Financial Calendar
January 15 2010

NZ credit card spending, Dec
US consumer price index (CPI), Dec
US industrial production and capacity utilisation, Dec
US Empire State (NY) maufacturing index, Jan
US Michigan Uni consumer confidence (prelim), Jan
(BPH) - Annual General Meeting

http://www.marketwatch.com/
http://www.thebull.com.au/
http://www.news.com.au/business/


Do You Make These Mistakes When Trading in the Stock
Market ?

Trading without understanding the best time to buy a certain stock?

Falling in love with a stock, a company, a technology or a story ?

Be careful