Day Trading 20 July Pre Market

Morning all
Thanks AM crew

Futures are 1 point higher after the S&P pulled back off fresh record highs .

Global stock markets on Tuesday saw corrective pullbacks from recent gains that have seen many world stock indexes recover all of their post-Brexit losses, and then some. Japan’s Nikkei stock index posted its sixth straight gain Tuesday, amid hopes the Bank of Japan will soon announce further monetary policy stimulus measures.

The Dow managed to finish in new record territory, 26 points higher in a lacklustre day of trading.
Locally, yesterday snapped a rare 8 day hot streak, XJO finishing down 8 points.
The International Monetary Fund cut its global growth forecasts for the next two years, citing uncertainty over Britain's looming exit from the European Union.
Investors are closely watching U.S. corporate earnings for signs of whether the momentum for equities can be maintained.
"There’s enough uncertainty out there in a market that’s done pretty well as of late to cause people to take some money off the table today," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. 1
S&P - .15%
Nasdaq - .4%

Oil $45.55 -.69c

Gold prices ended the U.S. day session firmer Tuesday, supported by mostly weaker world stock markets and by
some backing and filling on the charts following recent selling pressure. Looking at the general selling pressure
seen across the entire raw commodity futures spectrum Tuesday, gold bulls should feel pretty good with their
modest daily gains. 2
Gold $1332
HUI -1%
AUD Gold $1774

AUD .7507

Have a good

1 Reuters
2 *****