Day trading pre-market open December 27

Originally posted by highlandlad: ↑

Morning traders. Thanks loungers, especially @Ravgnome and @Patterns.

Hope everyone had a great Christmas. Time to pay some bills? Let's get at it. Here's the playing field for today:

Outlook for the day: Positive following two days of US stock gains since the ASX last traded.

ASX futures: down 3 points or 0.04% (NB: untraded since Dec 22. In other words, this figure does not reflect positive US action since the ASX closed on Friday.)

Overnight themes:
US stocks kick off the last week of the year with solid gains as an eight-week rally continues overnight. The S&P 500 closes this morning within 1% of a record.
Trading volumes are light at the start of a holiday-affected week. All three major indices are shooting for a ninth straight positive week.
Stocks moved broadly higher on Friday after inflation data supported the narrative that the next move in interest rates will be lower. On Friday, the S&P 500 firmed 0.17%. The Nasdaq added 0.19%. The Dow dipped 0.05%. Overnight, the three indices gain 0.42 - 0.54%.
"We had a good inflation number on Friday. If inflation continues to move down in January and February, there's a good chance that the Fed may cut earlier than anticipated" - Peter Cardillo, chief market economist at Spartan Capital Securities (per Reuters).
The odds on a rate cut by March rise to 72.7%, according to CME's FedWatch tool.
The energy sector spearheads US gains overnight as shipping disruptions in the Red Sea help lift Brent crude back US$80 a barrel. The international oil benchmark pops 2.53% to US$81.07. The US energy sector rises 0.87%.
Other notable sector gains overnight include: real estate +0.78%, industrials +0.73% and utilities +0.65%. The materials sector firms 0.44%. Financials tack on 0.41%.
Intel jumps 5.21% after the Israeli government offers the chipmaker a US$3.2 billion grant to build a factory in Israel.
Chinese stimulus measures help lift iron ore. Ore prices on the Dalian Commodity Exchange rally 1.3% to US$137.22 per metric ton after China announces it will support a second bundle of investment projects, and several state banks cut lending costs.

Key events this week:
US house sales, jobless claims - Thursday
China factory data - Sunday

S&P 500: up 20 points or 0.42%

Dow: up 159 points or 0.43%

Nasdaq: up 82 points or 0.54%

Dollar: up 0.31% to 68.25 US cents

Iron ore (Dalian): up 1.3% to US$137.22

Brent crude: up US$2 or 2.53% to US$81.07

Gold: up US$10.50 or 0.5% to US$2,079.60

NYSE Arca Gold Bugs: up 0.08%

Bitcoin: down 3.03% to US$42,179

Copper: LME closed. Last traded price: US$8,570.75

Nickel: LME closed. Last traded price: US$16,550

Uranium: up 1.51% to US$93

Lithium carbonate (China spot): last traded price: US$14,000 (Dec 21)

Global X Lithium & Battery Tech ETF: up 0.79%

BHP: up 0.6% (US); UK closed

Rio Tinto: up 0.47 % (US); UK closed

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PBH needs to consolidate 29M put this up earlier nice setup GRRcan never get this right but looks good HAS woth a look imo

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