daytrades march 10 pre-market

Folks, my sincere apologies but I managed to erase this morning's market wrap just as I was getting ready to post. Forty-five minutes of material vanished into the ether.


Here's the 5-minute version:

Futures say we will open higher for a ninth straight day. March contract closed 9 points stronger at 4829.

Wall Street: A late fade stripped away most of the session's gains after a low-volume night of no significant economic news. S&P 500 +0.17%, Dow +0.11%, Nasdaq +0.36%. Analysts say the market is consolidating and waiting for news to offer direction.

A rising U.S. dollar crimped commodity prices. Industrial metals mixed but little changed. Oil down 0.7%. Spot gold price down $3.40 an ounce.

Economic news today: RBA Assistant Governor Phil Lowe speech at 9am; consumer sentiment at 10.30 am; home loans at 11.30 am. Chinese trade balance due at 4 pm. US tonight: crude oil inventories, Federal Budget Balance, wholesale inventories.

Normal service will be resumed tomorrow!