Day Trading 21 July Pre Market

Morning all
Thanks AM crew

A 20 point gain in store this morning according to the SPI. Is the ASX going to extend this streak into 9 positive sessions in 10? yes according to Tom Waterhouse.Com

Local traders are starting to factor in a rate rise next month which is providing tailwinds for the ASX.

A 5.3% gain for Microsoft helped power US markets into new record territory. The software giant posted sharp growth in its cloud computing business.
It was the 7th straight positive session in the US
Defensive sectors such as utilities and telecoms have led the market's gains in 2016, while groups such as financials and tech have trailed.
"It seems like the weaker parts of the market are starting to at least try and keep pace with the stronger parts and there really hasn’t been a big selloff in the big winners to this point," said Rick Meckler, president of LibertyView Capital Management in Jersey City, New Jersey. 1
S&P + .4%
Nasdaq + 1%

Oil $45.85 + .29c

Gold prices ended the U.S. day session lower and hit a three-week low Wednesday. The yellow metal was weighed down by a rallying U.S. dollar index this week and by the better risk appetite seen in the world marketplace the past couple weeks. August Comex gold was last down $13.60 an ounce at $1,318.70. September Comex silver was last down $0.397 at $19.61 an ounce.
HUI - 7.5%
AUD Gold $1760



AUD .7470

Have a good day

1 Reuters