daytrades july 12 morning ...

Good Morning Traders, (thanks for opening up pj, and welcome back highlandlad)

DOW Snapshot

"Stocks rallied Friday, finding momentum at the end of a choppy session ahead of the first wave of quarterly corporate results due out next week. All three major indexes drifted on both sides of unchanged during the session before finally turning higher in the last hour." [Source: cnnmoney.com]

A look at the week ahead

"The stock market's best week in a year has restored some confidence to battered investors, but the real test begins Monday when companies start reporting second quarter profits and losses. A total of 21 S&P 500 companies will announce results this week, with most of the rest spread out over the next three weeks. "Second-quarter numbers will come in big, but there will be less upbeat surprises and less of a market reaction," said Dan Genter, president of RNC Genter Capital Management. Investors will have a close eye on what the companies forecast about the rest of the year. "We'll probably see companies guiding lower as they factor in slower growth," Genter said." [Source: cnnmoney.com]

The DJIA Index finished the trading session: Up 59.04 pts; and
The SPI Futures are currently: Up 8 pts atm.

Of Note in the US this evening:

Please note that there is no noteworthy 'Economic news' due to be released in the US this evening;

... and ...

Of Note in Australia today:

Home Loans (May)
[The Home Loans released by the Australian Bureau of Statistics presents the number of home loans. It indicates the housing market trend in Australia and a level of consumer confidence as large housing loans are taken out. A high reading is seen positive (or bullish) for the AUD, while a low reading is seen negative (or bearish).]

[Sources used: nasdaq.com and fxstreet.com]
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Gold is trading Down $0.80 atm and is currently sitting at $1,210.60/oz [Source: Kitco];
Oil is currently trading Up $0.13 atm and is currently at $76.22/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.8759 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

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