Day Trading 11 July Pre Market

Morning all
New week new opportunities

SPI futures point a tasty 61 points higher this morning following a positive US jobs report Friday which saw the S&P put on 1.5%, the Nasdaq 1.65%.

Friday morning’s June U.S. employment report from the Labor Department showed the key non-farm payrolls number up 287,000, which was much higher than expectations for a rise of around 150,000. The strong non-farm jobs number puts back into play ideas the Federal Reserve will raise interest rates yet this year.
The S&P 500 is within a whisper of a new closing record high.
Looking forward, US Bank earnings will be under the spotlight this week, expectations of resilient 5.4% declines in the sector.
If bank earnings come in better than expected, the S&P 500 .SPX is likely to push through its record highs set in May 2015 after several failed attempts.
"Banks are definitely in the spotlight," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York. "There is some trepidation in the market going into this earnings season, the quarter economically was not particularly strong." 1

Zinc + 2.4%
Nickel + 1.6
Copper + .5%
Aluminium + 1.5%

Oil $45,41 + .27c

Gold cratered right after the jobs numbers were released but struggled back to even as the day wore on. At close it was up about $5 per ounce on speculative buying. Silver had slipped a bit earlier in the week but today is up a very impressive 2.90%, some 6% off its' low.
Gold $1366
Silver $20.25
HUI + 3.4%
AUD Gold $1805

AUD .7565

Have a good day

1 Reuters