daytrades jan 19 morning ...

Good Morning Traders,

DOW Snapshot from the previous trading session:

"U.S. stocks showed surprising resilience Tuesday, with gains from Boeing and other industrial names offsetting weakness from Citigroup and Apple.

"Investor sentiment is extremely positive right now," said McCain. "And that's a risky time for the market." He said any improvement in corporate earnings or economic data will likely have a "muted effect" on stocks, while negative surprises "can torpedo the market."

Markets were closed Monday due to Martin Luther King Jr. Day. On Friday, stocks ended moderately higher, with the Dow and the S&P posting their seventh straight week of gains. That's the longest weekly win streak for the Dow since the two months of consecutive gains that ended last April." [Source: cnnmoney.com]

Market Reflections - Tuesday, 18th January, 2011

"Tuesday was a busy day for company news led by another medical leave of absence for Apple's Steven Jobs. Apple shares ended two percent lower, well up from a six percent drop at the opening. Unsettling news also came out of the financial sector as Citicorp, down six percent, missed earnings estimates due to weak bond-trading results. Boeing rose four percent after pushing back 787 delivery by another six months. Boeing shares are now back to where they were when the November electrical fire first raised doubts over first-quarter delivery for the Dreamliner, doubts that led to three months of uncertainty and which initially sent its shares down as much as 15 percent.

The Dow industrials rose nearly a half percent to 11,837. Commodities were little changed while rates edged higher with the 10-year Treasury yield at 3.36 percent. The dollar index fell a half percent to 78.98." [Source: bloomberg.com]

Market Focus in the US this evening

"Another set back for permits could upstage improvement in housing starts." [Source: bloomberg.com]

The DJIA Index last finished the last trading session Up 50.55 points; and
The SPI Futures are currently: Up 17 points atm.

Of note in the US this evening:

Housing Starts [ Market moving indicator]

...AND...

Of note in Australia today:

Westpac Consumer Confidence (Jan)
[The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions for major household items. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, whereas a low reading is seen as negative (or bearish).]

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

Gold is currently trading Up $6.20 & is sitting at US$1,367.70/oz atm [Source: Kitco]
Oil is currently trading Down $0.16 & is sitting at US$91.38/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ $0.9984c against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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