daytrades november 23 morning ...

Good Morning Traders,

DOW Snapshot from previous trading session

"Bank stocks took a beating Monday after news of an insider trading probe on Wall Street, keeping stocks from staging a full recovery from news of Ireland's bailout.

The declines were broad-based, with 22 of 30 Dow components ending in the red. Bank of America was the Dow's biggest loser, dropping 3.4%. Other bank shares -- including Citigroup, JPMorgan and Wells Fargo -- were also sharply lower.

Goldman Sachs was the S&P 500's biggest loser, with shares tumbling 4% on a report over the weekend that investigators are looking at possible insider trading allegations tied to the firm's dealings in transactions including a health-care merger.

Trading could be choppy this week, with many market participants taking time off ahead of the Thanksgiving holiday. Trading volume was on the light side Monday, but still within normal range. Below average trading volume can contribute to volatility. All U.S. markets will be closed Thursday." [Source: cnnmoney.com]

The DJIA Index finished the trading session Down 24.97; and
The SPI Futures are currently: Down 27 pts atm.

Of note in the US this evening:

GDP [Market moving indicator]

Existing Home Sales [Market moving indicator]

Richmond Fed Manufacturing Index [Moderate volatility expected]

...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 $12.30 & is sitting at US$1,366.40/oz atm [Source: Kitco]
Oil is currently trading Down $0.24 & is sitting at US$81.74/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9879 cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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