'Happy New Year' Traders - and I would to take this opportunity to wish everyone on this Forum the very best for 2011 and a happy and successful year in the markets ... may you all make a squillion on your trades this year!
DOW Snapshot from the previous trading session:
"The Dow closed at a fresh two-year high Monday, getting the new year off to a strong start, after manufacturing and construction data stoked optimism about the economy. While the economy has a long road to recovery, investors are bullish about the month ahead. "Over the long term, January has usually been a strong month for stock performance, although the last two Januarys have been terrible," said Jack Ablin, chief investment officer with Harris Private Bank in Chicago. "This is one January where I'm hopeful we're back to our historical pattern again." " [Source: cnnmoney.com]
Market Reflections - Monday, 3rd January, 2011
"Unusual strength in new orders leads a very positive ISM report that points without question to solid growth for manufacturing. Construction spending also shows gains, confirming that the housing sector has found its post-stimulus footing.
The Dow rose 0.8 percent to begin the year, ending at 11,670. Rates moved higher with the 10-year Treasury yield up four basis points to 3.34 percent. Gold ended little changed at $1,416 while oil ended at $91.50. The dollar index edged slightly lower at 79.20." [Source: bloomberg.com]
The DJIA Index finished the last trading session Up 93.24 points; and
The SPI Futures are currently: Down 66 points atm.
Of note in the US this evening:- FOMC Minutes (Dec 14) [Market moving indicator]
- Motor Vehicle Sales [Merits extra attention]
- Factory Orders (Nov) [Merits extra attention]
...AND...
Of note in Australia today:- RBA Commodity Index SDR (YoY) (Dec)
[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 Down $7.00 & is sitting at US$1,414.60/oz atm [Source: Kitco]
Oil is currently trading Up $0.17 & is sitting at US$91.55/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ $1.0161 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'
daytrades jan 4 morning ...
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