Day Trading 2 Feb Pre Market

Morning all
Thanks AM crew

SPI +6 @ 5605

Yesterday the XJO Index and the broader All Ordinaries Index rose 0.6 per cent to 5653
"We saw some money moving back to the market as investors took advantage of the initial sell-off this morning. And now they are picking up some of the large cap stocks," said Gary Huxtable, client adviser at Atlantic Pacific Securities."The bulk of the January profit takers appears to have been washed out."
Fortescue Metals soared to its highest in six years at $6.97, before trimming some of the gains to close up 2.3 per cent at $6.81. The miner said on Tuesday it's on track for to meet the top end of its iron ore production forecast for the year, as demand and prices for the bulk commodity exceed market expectations.
There was broadbased buying in the big banks.
The XJO closed on its highs. 1

U.S. equities traded mixed on Wednesday after the Federal Reserve kept interest rates unchanged, as was widely expected.
The Dow Jones industrial average inched up 10 points, having risen more than 100 points earlier in the session, with Apple contributing the most gains.
The S&P 500 fell 0.1 percent, with utilities falling 1 percent to lead decliners and tech outperforming.
The Nasdaq composite rose 0.33 percent as Apple spiked around 7 percent.
The Federal Open Market Committee — the central bank's policy-making arm — kept its benchmark overnight lending rate target at 0.5 percent to 0.75 percent.
"Apple pulling a [strong] quarter is bullish because it shows the consumer, which is a large part of the economy, is in good shape," said 50 Park Investments' Sarhan. 2

Oil prices were higher on Wednesday on signs that Russia and OPEC producers are delivering on promised supply reductions, though weekly U.S. supply data suggested a crude glut may persist.
Oil prices extended gains after U.S. National Security adviser Michael Flynn said the White House is putting Iran "on notice" following its recent ballistic missile tests.
Brent crude rose $1.05, or 1.9 percent, to $56.63. U.S. crude settled up $1.07, or 2 percent, at $53.88.
3

Copper - .86%
Nickel + 3.1%
Zinc + .5%
Aluminium + .03%
Lead - 2.5%

Gold - .33% @ $1207
HUI flat

Have a good day

1 SMH
2 & 3 CNBC