Good Morning Traders, (and thanks for opening up the thread pj,...

Good Morning Traders, (and thanks for opening up the thread pj, as we await highlandlad's return)

DOW overnight Snapshot

"The Dow ended higher and the broader market meandered Monday, as investors geared up for the start of the quarterly reporting period, following the biggest week of stock gains in a year. Stocks slumped in the morning, turned mixed in the afternoon, before ending little changed, with just the blue chips in the plus column. Microsoft, Intel and select tech shares managed gains, but the stronger dollar dragged on commodity prices and the underlying shares. Last week, all three major indexes added more than 5% as investors dug back in on anticipation of a strong corporate reporting period following a two-month selloff. Whether the gains were just a bounce after the battering or a new move higher will largely be dependent on what companies have to say in the next few weeks. "The market tends to move up going into earnings," said Phil Dow, director of equity research at RBC Wealth Management. "But the key is the forward guidance." " [Source: cnnmoney.com]

The DJIA Index finished the trading session: Up 18.24 pts; and
The SPI Futures are currently: Up 16 pts atm.

Of Note in the US this evening:

International Trade [Market moving indicator];

Treasury Budget [Merits extra attention]; and

ABC/Washington Post Consumer Confidence (Jul 11) [Moderate volatility expected]

... and ...

Of Note in Australia today:

National Australia Bank's Business Confidence (Jul)
[The National Australia Bank Business Confidence is a survey of the current business condition in Australia. It indicates the performance of the overall Australian economy in a short-term view. A positive economic growth anticipates bullish movements for the AUD, whereas a negative growth is seen as bearish.]; and

National Australia Bank's Business Conditions (Jun)
[The NABs Business Conditions released by the National Australia Bank looks at trading, profitability and employment conditions in Australia. It serves as an indicator of overall economic situation in the short term. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).].

[Sources used: nasdaq.com and fxstreet.com]
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Gold is trading Up $0.30 atm and is currently sitting at $1,197.40/oz [Source: Kitco];
Oil is currently trading Up $0.13 atm and is currently at $75.08/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.8770 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

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