daytraders per market 19 nov, page-34

U.S. stocks surged more than 1% Thursday as an early rally gained steam, following a strong debut by General Motors' stock.
Overnight talk that the Irish government was close to accepting a bailout loan eased eurozone worries and sent global stocks soaring. That momentum spilled over to U.S. markets.
The Dow Jones industrial average (INDU) jumped 173 points, or 1.6%. The S&P 500 (SPX) rose 18 points, or 1.5%, and the Nasdaq (COMP) ticked up 38 points, or 1.6%, according to early tallies.
Shares of General Motors (GM) opened at $35 apiece, $2 above the offering price. Trading was very active, with volume topping 452 million shares at the close. That's equivalent to about 10% of the total volume trading on the New York Stock Exchange's Thursday.
The automaker's highly-anticipated initial public offering raised more than $20 billion, making it the largest in U.S. history.
The strong performance of the stock at launch, and the fact the once-bankrupt automaker, and symbol of American business, has overcome obstacles to return to the market will likely bring investors back to stocks, said Todd Schoenberger, managing director at LandColt Trading.
"It's a great story for the markets, the economy, and for investing," Schoenberger said. "I think retail investors will see the power in that."
A possible solution to the Irish debt crisis pushed European and Asian stocks higher, and those gains carried over into the U.S. market. Britain's FTSE 100 closed 1.3% higher, while Germany's DAX and France's CAC 40 surged 2%.
The dollar fell against the euro and the British pound, but strengthened against the Japanese yen.
Oil for December delivery gained $1.41, or 1.8%, to $81.85 a barrel.
Gold futures for December delivery rose $16.10 to settle at $1,353 an ounce.
NEW YORK/LONDON, Nov 18 (Reuters) - Copper jumped nearly 3 percent by the close on Thursday, retracing part of an early-week collapse, as concerns over Ireland's debt crisis eased and strong U.S. economic data bolstered demand prospects for industrial metals.
Benchmark copper for three month delivery CMCU3 on the London Metal Exchange closed up $235 at $8,425 a tonne, near a late-session peak at $8,459. Last week, prices vaulted to a record high at $8,966.
COMEX copper for December delivery HGZ0 surged 10.15 cents, or 2.7 percent, to settle at $3.8310 per lb, near the upper end of its $3.7135 to $3.8455 session range.
Since hitting a 28-month peak at $4.0835 a lb last week, it shed about 12 percent in a three-day span.
Copper prices were hit hard this week by fears China may take aggressive action to curb inflation, which is running at 25-month highs.

If you're currently sizing up your portfolio, uncertain about which stocks and sectors to back next year, then you're not alone. Many investors are also feeling uncertain as we sprint towards the end of 2010. For this reason we put the following questions to economists and brokers: How will the Australian economy fare in 2011? And how will it impact Aussie stocks?
The good news for investors is that the Aussie sharemarket is looking fairly valued, according to brokers. The S&P/ASX200 is trading on an undaunting price-to-earnings ratio (P/E) of 13.6X, and based on consensus 12-month forecasts - capital growth of 9 per cent-plus and 4 per cent-plus yield isn't out of the question.
And according to many leading economic indicators, the Australian economy will post steady growth in 2011 and 2012. Australia boasts a strong labour market and record terms of trade. Business investment is forecast to jump by 7.5 per cent in full year 2011 and 12.5 per cent in 2012.