daytrades august 16 morning ...

Good Morning Traders (thanks for handover highlandlad),

DOW Snapshot from previous trading session

"Stocks ended lower Friday, the fourth consecutive day of declines, as investors digested dour economic reports in the retail and consumer sectors. All three indexes had been trading on either side of breakeven in morning trade."It's low-volume season, also known as August," said Kim Caughey, senior equity analyst at Fort Pitt Capital Group. "Traders are on vacation, and we get some pretty crazy reactions -- or lack of reactions -- because of that." The retail sales and consumer sentiment data "go hand-in-hand and provide a clearer picture on the mood of consumers and how they're spending," said Peter Cardillo, chief market economist at Avalon Partners. Stocks closed lower for a third straight session Thursday, as investors digested an unexpected rise in jobless claims and Cisco Systems' (CSCO, Fortune 500) cautious outlook. After slight gains Monday, all three stock indexes closed lower from Tuesday to Friday amid a raft of downbeat economic reports and some tepid earnings results. Stocks were also under pressure throughout the week after a Tuesday report from the Federal Reserve, which gave its most bearish outlook in more than a year and said the economic recovery is weakening." [Source: cnnmoney.com]

The DJIA Index finished the trading session: Down 16.80 pts; and
The SPI Futures are currently: Down 50 pts atm.

Of Note in the US this evening:

NAHB Housing Market Index (Aug) [High volatility expected]

Treasury International Capital [Merits extra attention]

... and ...

Of note in Australia today:

New Motor Vehicle Sales (MoM) (YoY) (Aug)
[The New Motor Vehicle Sales released by the Australian Bureau of Statistics measures motor vehicle sales in Australia. It is considered as an indicator for consumer confidence. It is worth noting that motor vehicle sales are a small component of the overall Australian economy. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

[Sources used: nasdaq.com & fxstreet.com]

Gold is trading Down $0.80 atm and is currently sitting at $1,214.60/oz [Source: Kitco];
Oil is currently trading Up $0.30 atm and is currently at $75.69/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.8921 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

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