Day trading pre-market open December 28

Originally posted by highlandlad: ↑

Morning traders. Thanks loungers, especially @Ravgnome and @Patterns.

Outlook for the day: Positive after US stocks eke out slender gains, and iron ore and metals rally.

ASX futures: up 28 points or 0.37%

Overnight themes:
US stocks inch higher during a "news-lite" session. The S&P 500 edges 0.14% closer to within 0.5% of a record.
The market's eight-week up-trend continues as the odds on a rate cut in March rise to 73.2%.
"When you have very few catalysts and minimal trading activity you tend to see continuation of the trends" - Chuck Carlson, chief executive officer at Horizon Investment Services (per Reuters).
The Dow is the best of the three major indices, rising 0.3% to a new high as Walmart, Amgen and Caterpillar advance. Market movements are modest, with none of the Industrial Average's 30 component stocks moving more than 1% in either direction.
Defensive sectors outperform. Real estate, health and consumer staples top the leader-board. Energy and communication services bring up the rear. The financial and materials sectors both gain roughly 0.25%.
A retreat in oil pulls the energy sector down 0.53%. Oil prices decline after the US benchmark, West Texas Intermediate crude, offers a bearish death cross pattern (a possible indication to technical traders that recent price weakness is developing into a longer-term downtrend). WTI crude drops 1.93%. The international benchmark, Brent crude, sheds 1.75%.
Gold hits an all-time high in London as traders anticipate interest rate cuts next year. US gold futures rally almost 1% to US$2,089.30 an ounce. The US dollar index slides to its lowest in five months.
Iron ore gains 0.5% in both China and Singapore trade after Chinese industrial firms post double-digit profit improvements in November.
US stocks are on track to record substantial gains for the year. The S&P 500 is on track for an annual tally of 24%. The Dow is ahead 13%. The Nasdaq is set for a gain of around 44%, its best return since 2003.

Key events today:
US house sales, jobless claims - tonight

S&P 500: up 7 points or 0.14%

Dow: up 111 points or 0.3%

Nasdaq: up 25 points or 0.16%

Dollar: up 0.3% to 68.44 US cents

Iron ore (Dalian): up 0.5% to US$137.93

Brent crude: down US$1.42 or 1.75% to US$79.65

Gold: up US$19.30 or 0.93% to US$2,089.10

NYSE Arca Gold Bugs: up 1.1%

Bitcoin: up 2.69% to US$43,461

Copper (LME): up 1.43% to US$8,696

Nickel (LME): up 2.11% to US$16,900

Uranium: up 1.51% to US$93

Lithium carbonate (China spot): US$14,000 (last price: Dec 21)

Global X Lithium & Battery Tech ETF: down 0.28%

BHP: up 1% (US); up 0.55% (UK)

Rio Tinto: up 0.81% (US); down 0.24% (UK)

Expand

.. A few thoughts

44% return for the nazzy is just plain stupid

When these cuts do start to materialize, markets will sell off imo

Never short a dull market though.. patience

lets make some money !

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Day trading pre-market open December 28, page-13

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Immutep reports strong response rate from immunotherapies treating carcinomas

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

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Day trading pre-market open December 28, page-13

Top Stories

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Immutep reports strong response rate from immunotherapies treating carcinomas

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

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