daytrades nov 9 afternoon, page-2

Pete - go to the "top" of the class, lol.

Thanks highlandlad!

1pm - 'Economic news' courtesy reminder time Traders!

'Market Focus' in the US this evening

"With a light calendar, chain store sales could set the tone for the day's trading. " [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (08.11.2010)

"Equities were mixed after last week's Fed-induced surge. The Dow ended down at 11,407. Techs and small caps were up slightly. In currency markets, you would have thought the dollar would be under pressure from the Fed�s announced $600 billion in additional quantitative easing. Instead the dollar rose as the euro slipped on renewed concern that some European countries would not be able to make scheduled payments on their sovereign debt. The euro dipped to 1.3922 at just after 4:00 p.m. ET. The dollar index gained 0.6 percent.

Meanwhile, the gold bugs continue to fear the Fed�s QE2 will result in higher inflation and boosted gold over the $1,400 mark to settle at $1,405 an ounce. West Texas Intermediate, however, was little changed with spot at $86.72 per barrels and futures at $86.90.

Treasury rates were mixed. Despite improved participation, the 3-year auction led rates up marginally with the high yield at 0.575 percent and median yield at 0.548 percent. The 3-year ended the day up 4 basis points 0.54 percent. The long bond slipped 2 basis points to 4.11 percent." [Source: nasdaq.com., Mark Pender]
______________________________________________________

Of note in the US this evening:-

ICSC-Goldman Store Sales
[This weekly measure of comparable store sales at major retail chains, published by the International Council of Shopping Centers, is related to the general merchandise portion of retail sales. It accounts for roughly 10 percent of total retail sales.]

Wholesale Trade
[Wholesale trade measures the dollar value of sales made and inventories held by merchant wholesalers. It is a component of business sales and inventories.]

ABC/Washington Post Consumer Confidence (Nov 5)
[The ABC/Washington Post Consumer Confidence released by ABC News and the Washington Post captures the level of confidence that individuals have in economic activity reflecting respondents' evaluations of their personal financial situation. Generally, a high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).]

IBD/TIPP Economic Optimism (Nov)
[The Economic Optimism Index, released by The Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP), measures the sentiment of consumers related to economic conditions. The report is based on a monthly survey where near to 1000 nationwide adults evaluate their economic outlook for the next six months, personal financial perspectives and their confidence in federal economics policies. If consumers are optimistic they will purchase more goods and services which will involve growth in domestic demand and stimulation to the economy. A reading above 50 indicates optimism, below 50 is pessimism.]

Redbook
[A weekly measure of sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC index. It is also calculated differently than other indicators.]

4-Week Bill Auction; and 10-Yr Note Auction
[Treasury bills are sold at public auctions every week; and Treasury notes are sold at regularly scheduled public auctions.]
______________________________________________________

... AND ...
______________________________________________________

Of note in Australia tomorrow:-

Investment Lending (Sep)
[The Investment lending released by the Australian Bureau of Statistics measures number of lendings to business enterprises including individual ones. A high reading anticipates growth in the Australian economy, and that is said to be positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

Home Loans (Sep)
[The Home Loans released by the Australian Bureau of Statistics presents the number of home loans. It indicates the housing market trend in Australia and a level of consumer confidence as large housing loans are taken out. A high reading is seen positive (or bullish) for the AUD, while a low reading is seen negative (or bearish).]

[Sources used: nasdaq.com; bloomberg.com & fxstreet.com]
______________________________________________________

ASX Market Watch (widget snapshot)



Gold Spot Price atm (Kitco)

... and the DOW futures are currently Down 22 pts atm (Live)!