daytrades november 19 morning ...

Happy Mufti Day Traders, (and thanks for the compliment RWEmerson, lol)

DOW Snapshot from previous trading session

"U.S. stocks surged more than 1% Thursday as an early rally gained steam, following a strong debut by General Motors' stock. Overnight talk that the Irish government was close to accepting a bailout loan eased eurozone worries and sent global stocks soaring. That momentum spilled over to U.S. markets.

Shares of General Motors opened at $35 apiece, $2 above the offering price. Trading was very active, with volume topping 452 million shares at the close. That's equivalent to about 10% of the total volume trading on the New York Stock Exchange's Thursday. The automaker's highly-anticipated initial public offering raised more than $20 billion, making it the largest in U.S. history. "The GM deal looks like it went well, which shows there's finally some stability and a growing company," said Joseph Saluzzi, co-head of equity trading at Themis Trading. "There was really no question of it not going well, because they had the government behind them, so it's a no brainer for investors -- they're thinking they can get a quick flip here, buying at $33 and selling at $35."
0:00 /1:01Investors cheer GM debut

All but one of the Dow's 30 components rose, with Alcoa, Caterpillar and Boeing leading the gains.

"The market is bipolar right now -- one day death is upon us, the next day everybody's jumping in," said Saluzzi. "There's not a lot of conviction overall, but today's one of those 'risk on' days."

After rallying in September and October, stocks have had a rocky November as eurozone worries and uncertainty about the U.S. economy's future have bubbled to the surface." [Source: cnnmoney.com]

The DJIA Index finished the trading session Up 173.35; and
The SPI Futures are currently: Up 30 pts atm.

Of note in the US this evening:

Ben Bernanke speaks

...AND...

Of note in Australia today:

Please note there is no noteworthy 'Economic news' due to be reported in Australia today.

Gold is currently trading Up $17.70 & is sitting at US$1,353.50/oz atm [Source: Kitco]
Oil is currently trading Up $1.41 & is sitting at US$81.85/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9901 cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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