Day Trading 13 Mar Pre Market

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    Morning all
    Thanks AM crew

    Looks like a quiet day from futures leads awaits today, a listless US session delivering little guidance for local markets, the S&P flat, Nasqaq down slightly.
    SPI is down 11 points

    Apple continues to yellow, demand for the silly rectangular tumour causing communications devices waning further and the stock down 2.35% in response to its lowest level in 2 years. Gains in Microsoft however offset downward pressure.
    A rally in the S&P 500 from its February lows petered out in the last two weeks amid underwhelming corporate reports and economic data that clouded the path of interest rate increases this year. The index is now up about 1 percent in 2016.
    On Thursday, two U.S. Federal Reserve officials said the central bank should raise rates if data points to an improving economy.
    "I don't see any conviction on the part of buyers or sellers at this point," said Warren West, principal at Greentree Brokerage Services in Philadelphia. "It's a slow, grinding economy, so you're going to get slow, grinding stocks." 1

    He didn't say that the ASX lithium stocks are in a bubble that will end up badly when the music stops.

    Base metals aren't having it, Copper retreated 2%, nickel 3.55% , zinc 1.75%

    Gold prices ended the U.S. day session modestly lower Thursday. Prices briefly popped above unchanged in morning trading following a significantly downbeat U.S. jobless claims report, but the yellow metal saw those gains eroded quickly. Trading in the gold market has turned choppier, but the bulls are maintaining their firm overall near-term technical advantage. 2
    Gold $1263
    HUI -3%
    AUD Gold $1724

    AUD .7326

    Have a good day
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