daytrades august 13 morning ...

Happy Mufti Day Traders (thanks for handover highlandlad),

DOW Snapshot from previous trading session

"Stocks closed modestly lower Thursday but recouped earlier losses, as investors digested an unexpected rise in jobless claims and Cisco Systems' cautious outlook. Earlier in the session, the blue-chip Dow index sank as much as 110 points. But as the day wore on, all three indexes rebounded somewhat off their lows. "We've taken a pretty big drop this week," said Steven Goldman, market strategist at Weeden & Co. "The market has gotte really oversold, so bargain hunters are coming in." But stocks had still struggled to rebound after earlier downbeat data. "Cisco's earnings were not good, and coupled with initial jobless claims, we have more signs that the recession is still upon us," said Joseph Saluzzi, co-head of equity trading at Themis Trading. Also continuing to drag down the market was the Federal Reserve's statement from Tuesday, Saluzzi said. The central bank gave its most bearish outlook in more than a year, saying the economic recovery is weakening. " [Source: cnnmoney.com]

The DJIA Index finished the trading session: Down 58.88 pts; and
The SPI Futures are currently: Down 11 pts atm.

Of Note in the US this evening:

Consumer Price Index [Market moving indicator]

Retail Sales [Market moving indicator]

Consumer Sentiment [Merits extra attention]

... and ...

In Australia today:

Please note there is no noteworthy 'Economic news' due to be released in Australia today.

[Sources used: nasdaq.com & fxstreet.com]

Gold is trading Up $1.50 atm and is currently sitting at $1,215.00/oz [Source: Kitco];
Oil is currently trading Up $0.35 atm and is currently at $76.09/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.8969 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

Please click here to go to the 'Pre-Market thread'