daytrades november 30 morning ...

Good Morning Traders,

DOW Snapshot from the previous trading session

" After tumbling early Monday morning, stocks bounced back to end the session still down, but much closer to breakeven. Stocks had fallen nearly 1.5% earlier in the session, sending the Dow temporarily below 11,000, but they bounced back from those lows late in the afternoon.

"I think this is a trader's market. It was a little bit sleepy this morning, but now stocks are going to come back the other way," said Rich Ilczyszyn, a market strategist with futures-broker Lind Waldock.

Ilczyszyn expects stocks to be stuck in a tight range for the last few days of the month, as traders look to close out their bets, with as much profit as possible.

A wave of downbeat news gave investors little to be thankful coming back from the Thanksgiving holiday weekend, as renewed fears about Europe's debt crisis, feuding South and North Korea, and a WikiLeaks release of controversial diplomatic files all weighed on markets.

"The situation in Korea is hot and fluid," economist Robert Brusca of FAO Economics said in a research note. "The WikiLeaks data is very damaging to the U.S. and to many of its important allies." " [Source: cnnmoney.com]

The DJIA Index finished the last trading session Down 39.51; and
The SPI Futures are currently: Up 5 pts atm.

Of note in the US this evening:

Ben Bernanke speaks [Market moving indicator]

Consumer Confidence (Nov) [High volatility expected]

S&P Case-Shiller HPI [Merits extra attention]

Chicago Purchasing Managers' Index (Nov) [Moderate volatility expected]

...AND...

Of note in Australia today:

Private Sector Credit (MoM) (Oct) (YoY) [Moderate volatility expected]
[The Private Sector Credit released by the Reserve Bank of Australia is an amount of money that the Australian private sector borrows. It shows if the private sector can afford large expenses, which can fuel economic growth. It is considered as an indicator of business conditions and the overall economic condition in Australia. Generally, a high reading is seen as positive (or Bullish) for the AUD, whereas a low reading is seen as negative.]

Current Account Balance (Q3) [Moderate volatility expected]
[The Current Account Balance released by the Australian Bureau of Statistics is a net flow of current transactions, including goods, services, and interest payments into and out of Australia. A current account surplus indicates that the flow of capital into Australia exceeds the capital reduction. A high reading is seen as positive (or Bullish) for the AUD, whereas a low reading is seen as negative (or Bearish).]

AiG Performance of Mfg Index (Nov) [Moderate volatility expected]
[AiG performance of the Mfg Index released by the Australian Industry Group presents business conditions in the Australian manifucturing sector. The group surveys 200 manufacturers on their assessment of the business situation including employment, production, orders, prices, and inventories, and their short-term planning. A result above 50 is seen as positive (or bullish) for the AUD, whereas a result below 50 is seen as negative (or bearish).]

Building Permits (MoM) (Oct) (YoY)
[The Building Permits released by the Australian Bureau of Statistics shows the number of permits for new construction projects. It implies the movement of corporate investments (the Australian economic development). It tends to cause some volatility to the AUD. The more growing number of permits, the more positive (or bullish) for the AUD.]

[Sources Used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]

Gold is currently trading Up $3.10 & is sitting at US$1,367.30/oz atm [Source: Kitco]
Oil is currently trading Up $1.97 & is sitting at US$85.73/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9624 cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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