day trading jan 3 - all day, page-2

Good morning Traders.

The local bourse looks headed for a dip on the open with the SPI futures indicating negative 42 .
In US markets most indices fell back after recent record highs with energy and industrials taking the brunt of the falls and Transports was also down 1.5 % . Gold was the best performer.

DOW – 135 pts …….-0.82 %
SPX -16 pts
NAS -34 pts

“More people seem to be wary, as we are, of potential corrections as markets get overexcited,” Oliver Wallin, who helps oversee $5.6 billion as investment director at Octopus Investments Ltd. in London, said by phone. “The question is just when to time it. A lot of people are willing to continue in this rally but are nervous at the same time. We’ve got one eye on the exit but we know there is money to be made in the short term.”

European markets fell heavily after the weak Chinese data affected their markets, with the german Dax down a hefty 1.60 % the London ftse was spared the large fall of europe down only 0.46 %

FTSE -0.46 %
DAX – 1.60 %
CAC - 1.60 %

COMMODITIES....

Oil fell heavily overnight with both Brent and WTI down.

GOLD was holding up well after gains made in our market session yesterday were maintained $1224

GDX (gold miners index) + 4.30 %
SILVER currently just below $20
COPPER down 1 cent 338

Good luck and safe trading.