daytrades december 1 morning ...

Good Morning Traders,

DOW Snapshot from the previous trading session

"Stocks leaned lower in late Tuesday trading as a stronger-than-expected report on consumer confidence muffled some losses from a weak housing report and concerns about Europe's economy.

The Dow started the day with a triple-digit loss. But the market got a boost when the Conference Board's index of consumer confidence came in above forecasts.

"Clearly we're not seeing a complete breakdown, but cautiousness is definitely in the air," said Kenny Landgraf, principal and founder at Kenjol Capital Management.

Stocks cut losses late in the day Monday, ending the session lower but holding above the 11,000 point level on the Dow.

Home vs. abroad: U.S. markets have been whipsawed by overseas worries about debt-ridden European economies including Ireland, Portugal and Spain. But domestic topics were back in the spotlight for investors Tuesday, with economic data on consumer confidence, housing and manufacturing activity.

"On the upside, the domestic market is much stronger than international markets," Landgraf said. "Europe concerns have really been prolonged, and it seems like new countries keep tacking on more worries." " [Source: cnnmoney.com]

The DJIA Index finished the last trading session Down 46.47; and
The SPI Futures are currently: Down 2 pts atm.

Of note in the US this evening:

ISM Mfg Index [Market moving indicator]

Motor Vehicle Sales [Merits extra attention]

ADP Employment Report [Merits extra attention]

Productivity and Costs [Merits extra attention]

Construction Spending [Merits extra attention]

EIA Petroleum Status Report [Merits extra attention]

Fed's Beige Book [Moderate volatility expected]

...AND...

Of note in Australia today:

Gross Domestic Product (QoQ) (Q3) [High volatility expected]
[The Gross Domestic Product released by the Australian Bureau of Statistics is a measure of the total value of all goods and services produced by Australia. The GDP is considered as a broad measure of Swiss economic activity and health. A rising trend has a positive effect on the AUD, while a falling trend is seen as negative (or bearish) for the AUD.]

Gross Domestic Product (YoY) (Q3) [Moderate volatility expected]
[The Gross Domestic Product released by the Australian Bureau of Statistics is a measure of the total value of all goods and services produced by Australia. The GDP is considered as a broad measure of Swiss economic activity and health. A rising trend has a positive effect on the AUD, while a falling trend is seen as negative (or bearish) for the AUD.]

RBA Commodity Index SDR (YoY) (Nov)
[The RBA Commodity Price SDR released by the Reserve Bank of Australia is considered as an early indicator of export price changes. The price changes influence GDP and exchange rates. An increase in prices may indicate strength of the AUD, while a decrease in prices may indicate weakness of the AUD. A high reading is seen as bullish for the AUD, whereas a low reading is seen as bearish.]

[Sources Used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]

Gold is currently trading Up $19.90 & is sitting at US$1,387.20/oz atm [Source: Kitco]
Oil is currently trading Down $1.62 & is sitting at US$84.11/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9586 cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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