daytrades december 22 morning ...

Good Morning Traders,

DOW Snapshot from the previous trading session:

"U.S. stocks rose modestly Tuesday but managed to hit their highest levels in more than two years as investors set their sights on 2011.

Both the blue chip index and the broader index rose to their highest levels since September 2008. The tech-heavy Nasdaq (COMP) gained 17 points, or 0.6%, to reach its highest level since December 2007.

Stocks are up about 5% this month, and are poised for double-digit gains for the year. But as investors close out their books leading up to the holidays, the rest of the year is likely to be pretty quiet.

"Trading volume is fairly light, and it's not uncommon to see the market continue on the trajectory it has been on during the month of December," said Robert Siewert, portfolio manager at Glenmede. Still, investors are feeling more optimistic of late.

"Looking out into 2011, the economy remains pointed in the right direction," Siewert said. "As long as the economic conditions continue to improve, the stock market should continue to benefit." " [Source: cnnmoney.com]

Market Reflections - Tuesday, 21st December, 2010:

"A calming in Korea gave a boost to the Dow which rose a half percent to 11,533. Economic news was light but company news included strong results and comments from used-car chain CarMax which said better credit availability is helping sales. Solid results from cruise operator Carnival point to a more relaxed consumer, and civil contractor Orion Marine reports that port expansions are picking up, a reminder that exports may be the make or break factor for 2011 acceleration.

Interest rates edged slightly lower on the long end with the 10-year at 3.30 percent and the 30-year at 4.41 percent. The dollar is little changed as is gold which is at $1,385. Oil is under $90 while copper is testing new highs over $4.20." [Source: bloomberg.com]

The DJIA Index finished the last trading session Up 55.03; and
The SPI Futures are currently: Up 14 pts atm.

Of note in the US this evening:

GDP [Market moving indicator]

Existing Home Sales [Market moving indicator]

EIA Petroleum Status Report [Merits extra attention]

...AND...

Of note in Australia today:

Please note there is no noteworthy 'Economic news' due to be released in Australia today.

[Sources Used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]

Gold is currently trading Down $0.30 & is sitting at US$1,385.50/oz atm [Source: Kitco]
Oil is currently trading Up $0.45 & is sitting at US$89.82/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9973cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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