day trading 22/06 pre market nat Chocolate & onion ring day

y'know it's national Chocolate day and National Onion Ring day,

makes you wonder why no one has thought of it before,

Chocolate covered onions, makes your mouth water just thinking about it

Dow jones 21410 minus 57
S&P500 2435  minus 1.47
DAX    12774 minus 40
FTSE   7447  minus 25
OIL 42.54 minus 0.97
GOLD 1245   plus 4.49
AUD    0.7552
SPI Futures   plus 17


https://www.thestreet.com/story/141...rds-as-crude-selloff-spills-into-day-two.html

Another slippery slide for crude oil sent the S&P 500 and Dow Jones Industrial Average into the red, while a biotech rally boosted the Nasdaq.

On Wednesday, June 21, the S&P 500 declined 0.05%, and the Dow fell 0.25%. The Nasdaq added 0.75%. The Dow and S&P 500 secured closing records on Monday, June 19.

Crude oil prices retreated further into a bear market on Wednesday, after having fallen more than 20% from a late February high. Crude plunged more than 2% on Tuesday, June 20, on worries over global oversupply and ballooning production.

Crude fell even after a steeper decline in domestic stockpiles than anticipated. Crude stockpiles dropped by 2.5 million barrels over the past week, according to the Energy Information Administration. Analysts anticipated a decline of 2.1 million barrels. Gasoline supplies fell, while distillates climbed.

West Texas Intermediate crude closed down 2.3% to end a t $42.53 a barrel, the lowest since August

"Bottom line is that there is too much oil on the market, which could be a function of slowing business conditions in emerging markets and, to a lesser extent, the U.S.," said Brian Sozzi

The energy sector was the worst performer on Wednesday. Major decliners include Exxon Mobil Corp. (XOM) , Schlumberger Ltd. (SLB) , Chevron Corp. (CVX) , Halliburton Co. (HAL) and Royal Dutch Shell PLC (RDS.A) , while the Energy Select Sector SPDR ETF (XLE) decreased 1.68%.

The health care sector rose on high hopes for eased regulations in the industry. The Trump administration is reportedly drafting an executive order to ease regulatory burdens on drugmakers to drive down drug prices, according to The New York Times. Biotech companies including Biogen Inc. (BIIB) , Alexion Pharmaceuticals Inc. (ALXN) , and Sarepta Therapeutics Inc. (SRPT) were all higher, while the iShares Nasdaq Biotechnology Index ETF (IBB) increased 4%.

Existing home sales for May in the U.S. rose at a better clip than anticipated. Sales of previously owned homes increased 1.1% to a seasonally adjusted annual pace of 5.62 million. Analysts anticipated a pace of 5.55 million.

The Federal Reserve could begin to unwind its $4.5 trillion balance sheet as soon as September, Philadelphia Fed President Patrick Harker said on Wednesday, the latest in a string of hawkish Fed commentary. Harker said in comments with The Financial Times that he backed a "pause" in hiking rates while the Fed addresses its balance sheet.

It has been a busy week of Fed speeches in the days following the central bank's decision to raise interest rates for the second time in a year. The Fed hiked rates by 25 basis points at its meeting on Wednesday, June 14, a decision widely anticipated. The central bank views softening inflation trends as merely transitory and anticipates another interest rate hike before the year is out.

what we can expect

after my pathetic call yesterday when i said we "probably took our lumps the day before" i not game to make a call today, but we are pointing to a positive opening, currently up 17 points, maybe we over did it yesterday

have a good day

P.S. Verses, tear jerk song edition

Jamie Lawson, i wasn't expecting that

Verses

Austin Roberts, Rocky

this will/should make you cry, or maybe it's just the onions, sing it with me