daytrades october 27 morning ...

Good morning Traders,

DOW Snapshot from previous trading session

"Stocks ended in slightly positive territory Tuesday after seesawing throughout the session, as investors weighed readings on consumer confidence and housing against a slew of earnings reports.

Stocks climbed to six-month highs Monday, propelled higher by a stronger-than-expected report on existing home sales. But with so much uncertainty underlying the daily economic and corporate reports, volatility will continue to dominate.

"We've had a big run-up, so I don't see how they can go much higher," said Karl Mills, president and CIO at Jurika Mills & Keifer.

With the Nov. 2 elections approaching and the Federal Reserve's next policy meeting on tap early next month, the possibility of quantitative easing is also in the back of investors' minds.

"The belief is that quantitative easing is a done deal, and to a great extent that's why the market has been as buoyant as it has despite the fact that many leading indicators have stalled or gone down," said Ryan Atkinson, vice president of Balestra Capital. "But it's now late October, so a lot of players are sitting on the sidelines until the elections and FOMC meeting." " [Source:cnnmoney.com]

The DJIA Index finished the trading session Up 5.41; and
The SPI Futures are currently: Down 4 pts atm.

Of note in the US this evening:

Durable Goods Orders [Market moving indicator]

New Home Sales [Merits extra attention]

EIA Petroleum Status Report [Merits extra attention]

...AND...

Of note in Australia today:

Consumer Price Index (MoM) (YoY) (Q3) [High volatility expected]
[The Consumer Price Index released by the RBA and republished by the Australian Bureau of Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of AUD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or Bearish).]

Gold is currently trading Up $2.60 & is sitting at US$1,342.90/oz atm [Source: Kitco]
Oil is currently trading Down $0.09 & is sitting at US$82.46/oz atm [Source: Bloomberg]
The Dollar: The AUD/US is currently trading @ 0.9860 cents [Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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