Day Trading 21 Jan Pre Market

Morning all
Thanks to Trees Shants unt Rav

World markets were creamed overnight as this New Year selloff continues with remorseless abandon, before a recovery off the lows
Curiously March SPI futures show mildky positive open up 14 points at 4816


U.S. stocks surged back to pare the biggest one-day selloff in five months, with the Nasdaq Composite Index erasing a 3.7 percent rout as chip shares and those with the most short interest rallied. A plunge that took oil past $27 a barrel sparked earlier selling that brought global equities toward a bear market and fueled haven demand.
The Dow Jones Industrial Average cut a loss of 550 points by more than half and the Standard & Poor’s 500 Index climbed back from the lowest level in 21 months as investors speculated the rout that’s wiped more than $15 trillion from global equities has gone too far too fast.
“Everybody has been perched on the edge of their chair waiting to see a capitulation day, in which you get a really steep flush in equities,” said Mark Luschini, chief investment strategist in Philadelphia at Janney, which oversees about $68 billion. “That’s usually indicative of a point where a market may stage a reversal, and we had that today.”
“There are a lot of things behind” the selloff, said Stephen Schwarzman, the chief executive officer of Blackstone Group LP, in an interview Wednesday with Bloomberg Television’s Erik Schatzker from Davos, Switzerland. “You have economic things such as the slowing of the U.S. economy which has been pretty gradual. You’ve got energy going down so quickly that you can almost get windburn. You’ve got China as an issue which is is probably overdone. So when you put those factors together you have an unattractive brew along with the concern the Federal Reserve will raise rates and slow the economy further."
Dow -1.6%
S&P -1.2%
Nasdaq -.1%
West Texas Intermediate crude tumbled more than 7 percent to $26.76. Inventories probably increased by 2.75 million barrels last week, according to a Bloomberg survey before a report from the Energy Information Administration Thursday.

Mining stocks plumbed a 12-year low and metals resumed their slump on prospects for slower economic growth in China and sustained low oil prices. Copper fell as much as 1.1 percent. The Bloomberg World Mining Index dropped as much as 2.4 percent to its lowest since September 2003, with the world’s biggest miner, BHP Billiton Ltd., losing 6.9 percent in London.

A rout in the U.S. stock market Wednesday prompted further safe-haven buying in the gold market as the precious metal’s price pushed back above the key $1,100.00 level. Risk aversion was high as talk of financial market dislocation and even contagion was heard. February Comex gold was last up 1.3% at $1,102 an ounce.
HUI +4%
AUD Gold $1593

AUD .6917

On today
Australia consumer inflation expectations January, HIA new home sales November.
Euro inflation for December, Euro consumer confidence January.
US Philadelphia Fed manufacturing January.
Earnings: Verizon, Amex, Starbucks, United Continental, Schlumberger.

Have a good day