daytrades december 6 morning ...

Good Morning Traders,

DOW Snapshot from the previous trading session

"Stocks turned higher during the last hour of trade Friday, as investors moved beyond the report that showed U.S. job growth in November was much slower than expected. Instead, they focused on what favorable policy decisions might be triggered by the disappointing numbers.

Earlier in they day, stocks were lower as market's responded to the "surprisingly lousy jobs report," but even the negative reaction was "muted," said Timothy Ghriskey, chief investment officer at Solaris Asset Management.

"The market is looking beyond the current employment conditions and is looking forward to prospects of improvement," Ghriskey said. "The weakness in the labor market does justify the Fed's decision to keep buying more securities and keep interest rates low, and it gives Congress ammunitions to extend the Bush tax cuts."

Ghriskey also noted that the market's reaction confirms underlying strength in the stock market." - [Source: cnnmoney.com]

The DJIA Index finished the last trading session Up 19.68; and
The SPI Futures are currently: Up 4 pts atm.

Of note in the US this evening:

Please note there is no noteworthy 'Economic news' due out in the US this evening;

...AND...

Of note in Australia today:

ANZ Job Advertisements (Nov)
The ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) presents the number of job advertisements in the major metropolitan newspapers and on the internet sites. It is used for forecasting employment growth in Australia as it indicates future labor market conditions.A high reading is seen as bullish (or postive) for the AUD, whereas a low reading is seen as bearish (or negative).

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

Gold is currently trading Down $29.60.70 & is sitting at US$1,414.50/oz atm [Source: Kitco]
Oil is currently trading Up $1.19 & is sitting at US$89.19/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9918 cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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