daytrades may 11 morning ...

Good morning Traders (thanks for the handover highlandlad),

Dow Snapshot

"The stock market is doing its best Timex impersonation. It took a licking last week but it keeps on ticking. Thanks to a brutal four-day sell-off, the Dow, S&P 500 and Nasdaq all gave up their gains for 2010. But investors were giddily bidding up stocks again Monday on the news of a $1 trillion bailout package for Europe. The Dow shot up more than 400 points, or nearly 4%, while the S&P 500 and Nasdaq were each trading more than 4% higher. So was last week's market slide the shortest "correction" in history or is there more downside ahead once the Europe euphoria subsides?" [Source: cnnmoney.com]

The DJIA Index finished the session: Up 404.71 pts; and
The SPI Futures are currently: Up 58 pts atm.

Of Note in Australia Today:

There is no noteworthy 'Economic news' due out in Australia today; and

Of Note in the US tonight:

There are no 'market moving indicators' or any news that 'merits extra attention' due to be released in the US this evening.

[Sources: Bloomberg & fxstreet.com]

Gold Futures: Gold is Down $0.30 atm and is currently sitting at $1,202.40/oz (Kitco);
Oil Futures: Oil is Up $0.22 at $77.02/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.9003 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

Please click here to go to the 'Pre-Market thread'