Day Trading 11April Pre Market

Morning All
Thanks Matluc and AM crew

SPI -1 @ 5890



Local sharemarket watchers were frozen in anticipation on Monday morning as they watched Australia's main index shrug off a weak lead from the US and move up towards that magic 6000 mark, a level not seen since the global financial crisis in 2008.
By lunch the market was sitting at just over 5900.
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BHP really kicked the market along with late news that it might spin off its' Petroleum Division. The news pushed BHP 4.6% higher.

U.S. equities closed fractionally higher on Monday amid geopolitical tensions while investors looked ahead to the start of earnings season.
The Dow Jones industrial average gained less than 10 points, with Caterpillar contributing the most gains.
Quincy Krosby, market strategist at Prudential Financial, said trading volumes may be low this week given the Easter holiday on Sunday. "Low volumes tend to skew market moves," she said. But "I think it would be healthy for the market to finish flat this week given the events in Syria."
The S&P 500 closed about 0.1 percent, with energy rising more than 0.75 percent to lead advancers.
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Energy stocks received a boost from oil, which rose 1.61 percent to settle at $53.08 per barrel after Libya's largest oilfield was shut down.
Oil prices have rebounded more than 9 percent over the past month. Chris Bertelsen, CIO at Aviance Capital Management, said he expects oil to remain around $50 in the near-term. "The Saudis think of their own interests, and with the Saudi Aramco IPO coming, it benefits them to have oil north of $50," he said. Bertelsen added he sees oil hovering below $50 after the IPO.
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Copper -1%
Nickel flat
Zinc - 2%

Gold prices erased earlier losses and were trading near steady in early afternoon dealings Monday. Some mild profit-taking from the shorter-term futures traders gave way to a “buy-the-dip” mentality amid technical charts that still favor the bulls. Weaker U.S. equity and U.S. dollar index prices also worked in favor of the precious metals bulls on this day. Gold prices last Friday scored a five-month high.
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Gold $1254
HUI + .6%
XAU + .55%
AUD Gold $ 1672

AUS .7502

Have a good day




Vale
John Clarke

1 SMH
2,3 CNBC
4 *****