Good morning Traders,
DOW Snapshot from the previous trading session
"December has been a good month for U.S. stocks, so this week's lackluster action isn't upsetting investors much. Stocks have managed to eke out gains over the past few sessions and are up 5% for the month.
Unless there's some major news to drive investors to the sidelines, it looks like all three major indexes will see double-digit percentage gains for the year. In Wednesday's session, investors weighed worries about a possible Spain downgrade with relatively upbeat U.S. inflation data.
"If news like [Spain] had been a surprise, we'd have seen the Dow off by 1% or so," said Paul Radeke, vice president at KDV Wealth Management. "But everyone knows [Spain] was having trouble with their debt markets. People are looking to the domestic data."
Investors are also looking for Congress to extend the Bush-era tax cuts. The Senate approved the controversial $858 billion tax package Wednesday, despite a series of objections from both the left and the right. The measure, which passed 81-19, now advances to the House of Representatives." - [Source: cnnmoney.com]
The DJIA Index finished the last trading session Down 19.07; and
The SPI Futures are currently: Down 13 pts atm.
Of note in the US this evening:- Housing Starts [Market moving indicator]
- Philadelphia Fed Survey [Market moving indicator]
- Jobless Claims [Merits extra attention]
- EIA Natural Gas Report [Merits extra attention]
- Please also note that it is Quadruple Witching in the US on Friday;
...AND...
Of note in Australia today:- Consumer Inflation Expectation (Dec)
- Reserve Bank's Bulletin - December Quarter 2010
[Sources Used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]
Gold is currently trading Down $16.40 & is sitting at US$1,379.40/oz atm [Source: Kitco]
Oil is currently trading Up $0.34 & is sitting at US$88.62/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9865 cents against the US Dollar[Source: Forex. Live]
Have a great day trading today all.
Cheers, Tweets
Please click here to go to the 'Pre-Market thread'
- Forums
- ASX - Day Trading
- daytrades december 16 morning ...
Good morning Traders,DOW Snapshot from the previous trading...
-
- There are more pages in this discussion • 200 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)