Merry Christmas everyone, DOW Snapshot from the previous trading...

Merry Christmas everyone,

DOW Snapshot from the previous trading session:

"U.S. stocks ended a strong week on a quiet note Thursday, as mixed economic data kept investors from jumping in ahead of a long holiday weekend.

On Wednesday, stocks ended at fresh two-year highs as oil prices topped $90 a barrel.

Reports Thursday showed jobless claims barely budging, new home sales rising slightly and personal income and spending ticking higher.

But Wall Street was relatively unfazed by the data, with stocks hovering near the break-even point for most of the session. Many investors have already left their desks for the holidays, and U.S. markets will be closed Friday for the holiday weekend. "Everyone is on vacation or just taking a break from the stock market," said Tony Zabiegala, managing partner at Strategic Wealth Partners.

While gains have been modest in recent sessions, stocks are still on track to post double-digit increases for the year.

"Economic news continues to show moderate growth," said Keith Springer, president of Springer Financial Advisors. "The market is in a period -- and will be for a while -- where not terrible news is good news, so at this point there's no reason for stocks to sell off unless we get terrible news."

Economy: Before the opening bell, the Commerce Department reported that personal income rose 0.3% and personal spending rose 0.4% in November. The results were mixed, compared to expectations. A consensus of economists surveyed by Briefing.com expected the report to show that income rose by 0.2% in November, and spending to have risen 0.5% during the month." [Source: cnnmoney.com]

Market Reflections - Thursday, 23rd December, 2010:

"The Dow ended nearly unchanged at 11,573 in light holiday volume. Oil was the day's big mover, rising about $1 to a 26-month high of $91.50 in very thin trade that exaggerated the move. Gold ended slightly lower at $1,380 as did copper at $4.22. Interest rates edged higher with the 30-year at 4.47 percent." [Source: bloomberg.com]

The DJIA Index finished the last trading session Up 14; and
The SPI Futures are currently: Down 18 pts atm.

Of note in the US this evening:

There is no 'Economic news' due out in the US as all markets are closed for Christmas.

...AND...

Of note in Australia today:

There is no 'Economic news' due to be released in Australia today either.

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

Gold is currently trading Down $5.50 & is sitting at US$1,379.50/oz atm [Source: Kitco]
Oil is currently trading Up $1.03 & is sitting at US$91.51/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 1.0099cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all and a very Merry Christmas and a Happy New Year to all readers and posters on this thread.

Cheers, Tweets

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