daytrades march 1 morning ...

Good morning Traders (thanks for the handover highlandlad),

Wall Street finished flat on Friday and it might prove to be a volatile week ahead imo; but volatility can be good insofar as it can provide for some excellent trading opportunities. Let's hope this stimulus keeps stimulating!

DJIA Index: Finished the session Up 4.23 pts.
SPI Futures: Up 16 pts.

Of Note: The US market will be focusing on the following main Reports which are due out this week:-

Auto Sales

Oil Inventories

Factory Orders

Home Sales, and

The Friday Job Report.

Also note that copper will likely rise now due to the earthquake damage in Chile (which is the world's largest producing nation) because of transport & electricity issues. The price is expected to move between $300-$500/tonne.

Gold is Up $11.30 to be currently sitting at $1,117.90/oz (Kitco); Oil is Up $1.49 to $79.66/barrel (NYMEX/Bloomberg); and the AUD/USD is currently trading at 0.8979 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

Link to Daytrades March 1 Pre-Market thread