daytrades october 08 morning ...

Happy Mufti Day Traders,

DOW Snapshot from previous trading session

"Stocks finished mixed after a sluggish session Thursday afternoon, as cautious investors paused and geared up for the monthly jobs report due Friday. Stocks surged earlier this week, with all three major indexes hitting 5-month highs. But investors have had trouble keeping up that momentum, as reports showed continued weakness in the labor market. Some of that sentiment briefly lifted Thursday morning as weekly jobless claims fell to a 3-month low, but traders remain wary ahead of the the true test -- Friday's monthly payrolls report.

"We're likely to have a muted day on Wall Street because the of September jobs report coming up tomorrow," said Timothy Ghriskey, chief investment officer at Solaris Asset Management. "We still have incredible weakness in the job market, so there is some concern leading up to the numbers."

According to a consensus of economists polled by Briefing.com, the number of jobs is expected to remain flat in the upcoming monthly report. At the same time, the unemployment rate is expected to have ticked up to 9.7% from 9.6%.
Ghriskey added that investors will also be cautious as companies begin reporting third-quarter financial results." [Source:cnnmoney.com]

The DJIA Index finished the trading session Down 19.07; and
The SPI Futures are currently: Down 17 pts atm.

Of note in the US this evening:

Employment Situation [Market moving indicator]

...AND...

Of note in Australia today:

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

Gold is currently trading Up $2.90 & is sitting at US$1,336.50/oz atm [Source: Kitco]
Oil is currently trading Down $0.35 & is sitting at US$81.32/oz atm [Source: Bloomberg]
The Dollar: The AUD/US is currently trading @ 0.9828 cents [Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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