Day Trading 2 Nov Pre Market

Morning all
Thanks Matluc and crew

SPI: -36 @ 5226
XJO Yesterday: -27 @ 5290



Specland was impacted by the horses yesterday, particularly in volume, but the wider market retreated as well.
The RBA left rates unchanged and the AUD went up 1/2 cent in response.

In the US election news and a Federal Reserve meeting sent jitters through the market.

"Earnings have been better than expected, and that would typically be a catalyst. But that is being negated by the noise on the political front," said Bruce Bittles, chief investment strategist at Baird. "If [Donald Trump] were to win, that would set up a sort-of Brexit moment."


The S&P 500 gave back its initial gains to close about 0.7 percent lower, momentarily breaking below 2,100 for the first time since early July, with real estate falling 2 percent to lead decliners.
The Nasdaq composite also dropped more than 1 percent before closing about 0.7 percent lower.

"You've seen the VIX going higher and you saw the SPX fall below the 2,126 level and now we're looking at 2,100 for support," said JJ Kinahan, chief strategist at TD Ameritrade. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose more than 10 percent Tuesday, last holding near 19.

Investors also kept an eye on the Fed, as the central bank began a two-day meeting Tuesday. While the central bank is largely expected to keep interest rates unchanged at this meeting, market expectations for a December rate hike are more than 70 percent.

The Dow Jones industrial average fell 105.32 points, or 0.58 percent, to close at 18,037.10, with Pfizer leading decliners and Chevron the top advancer.
The S&P 500 dropped 14.43 points, or 0.68 percent, to end at 2,111.72, with real estate leading 10 sectors lower and energy the only riser.
The Nasdaq fell 35.56 points, or 0.69 percent, to close at 5,153.58. 1

Oil fell on Tuesday, hitting one-month lows, as U.S. gasoline prices pared an early rally sparked by a pipeline blast and crude was also pressured by renewed doubts about whether OPEC will follow through with proposed output cuts.

Analysts' forecast that U.S. crude stocks had risen by more than 1 million barrels last week after unseasonal declines in seven of the past eight weeks also weighed on crude.
U.S. West Texas Intermediate (WTI) futures settled down 19 cents, or 0.4 percent, at $46.67 a barrel, after a near-4 percent drop on Monday.
Brent January crude futures were down 43 cents, or 0.9 percent, at $48.18 a barrel by 2:39 p.m. ET (1839 GMT), having fallen by nearly 3 percent the day before in their biggest one-day drop since Sept. 23. 1


Copper:  Base metals flat
Nickel:
Zinc:
Aluminium:

In late U.S. trading Tuesday, gold prices were solidly up and hit a four-week high. The yellow metal is now knocking on the door of $1,300.00. The weaker U.S. dollar index on this day gave the precious metals markets a boost. The near-term chart postures for gold and silver markets are also becoming more bullish, which is inviting new technical buying interest. 2
Gold: $1288
HUI: +3.4%
AUD Gold: $1688

AUD: .7651

On Today:



Have a good day

Sources:
1 CNBC
2 *****