Day Trading 19 April Pre Market

Morning All
Thanks Trees

SPI - 37 @ 5791



Geopolitical tensions and further falls in iron ore sparked broad-based selling on the ASX on Tuesday, with losses in BHP Billiton and Telstra leading the slide.
Investors fled telecommunications shares - the biggest drag on the market - with energy and materials also under pressure.
The benchmark S&P/ASX 200 Index closed down 0.9 per cent to 5836.7 points
"It's a bit surprising the market has sold off as much as it has, but it does seem like the global situation is escalating and that's driving the overall mood."
The local market looks set for further falls today.
1

U.S. equities fell on Tuesday after Goldman Sachs shocked Wall Street by missing estimates. Investors also remained vigilant amid U.S.-North Korea tensions and the nearing of the French presidential election.
The Dow Jones industrial average closed about 110 points lower, with Goldman shaving off 73 points and Johnson & Johnson taking out 26 points.
"The market has been sideways recently and investors have been looking for a reason to sell off," said Tom Cassidy, chief investment officer at Univest Wealth Management Division.
The S&P 500 fell 0.3 percent with health care, energy and financials leading decliners. The Nasdaq composite declined around 0.1 percent.
Goldman Sachs reported weaker-than-expected first-quarter results across the board, with trading revenue disappointing analysts.
2

Oil prices fell on Tuesday, hitting their lowest in 11 days as a U.S. government report said shale oil output in May was expected to post the biggest monthly increase in more than two years.
At a time when OPEC and other producing nations have been trying to cut output, government drilling data showed U.S. shale production next month was set to rise to 5.19 million barrels per day.
Global benchmark Brent crude futures fell 26 cents, trading at $55.10 a barrel. Brent touched $54.76 intraday, its lowest since April 7.
U.S. West Texas Intermediate crude futures fell 24 cents to $52.41 a barrel. Their intraday low was $52.14, also the weakest since April 7. 3

Copper - 2%
Nickel - 4.5%
Zinc - 4.4%
Lead - 6%

Gold prices were near steady in a choppy, two-sided trading affair in early afternoon action Tuesday. Some normal backing and filling on the charts and profit-taking from the shorter-term futures traders were featured. Selling interest was limited and earlier selling pressure saw traders “buy the dip” due to ongoing worries about geopolitics and amid a slumping U.S. dollar index.
4

Gold $1292
HUI - .2%
AUD Gold $1705

AUD .7561

Have a good day

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