Day Trading 20 Apr Pre Market

Morning all
Thanks Trees et al

Another solid day beckon the local markets after the S&P continued to home in on its record highs.
SPI futures point 31 points higher

The S&P 500 traded at its' highest level since 2004 overnight after a boost in energy stocks and solid earnings from Johnson & Johnson.
A recent rebound in oil and signs that the U.S. economy is slowly improving have helped stocks rally from a steep selloff earlier this year that had pushed the S&P 500 down as much as 10.5 percent.
"Investors are very focused on revenue," said Chuck Self, Chief Investment Officer of iSectors in Appleton, Wisconsin. "After all the cost cutting over the past five years, now we need to start seeing revenue growth."
The Nasdaq Composite dropped 0.4 percent to 4,940.33, hobbled by a 23.16-percent slide in Illumina after its preliminary results fell short of expectations.
IBM fell 5.59 percent after it reported its worst quarterly revenue in 14 years, and Netflix shares fell 12.97 percent after the video streaming service's subscriber forecast missed estimates.
After the bell, Yahoo posted its first-quarter results and shares moved up 1 percent. Intel shares fell 2.4 percent after it announced plans to reduce its global workforce by 11 percent. 1

S&P +.3%

oil+ $1.28, $41.06

A much-weaker-than-expected U.S. housing report released Tuesday morning added more price upside to the gold and silver markets, as they hit daily highs in the aftermath of the downbeat data. March housing starts were down 8.8% from a month earlier. This report falls into the camp of the U.S. monetary policy doves, who do not want to see the Federal Reserve raise interest rates any time soon.
Looking across the commodity market spectrum Tuesday, not only did the precious metals rally, but the grains, livestock and most of the international foods markets were also in rally modes. And crude oil has rallied this week despite a failed weekend attempt by major oil producers to curb their output levels. Several commodity markets are now in near-term price uptrends on the charts. There are “green shoots” in the raw commodity sector that suggest the major bust cycle is ending and that better times are ahead for commodity markets—including the precious metals. 2
Gold $1250 +1.4%
Silver $16.92 +.72c
HUI +4%
Aud Gold $1600

Aud .7814

Have a good day

1 Reuters
2 *****