daytrades october 11 morning ...

Good Morning Traders,

Firstly, please note that it is a Federal holiday in the US this evening for 'Columbus Day'; however to my knowledge the NYSE will still be open and it's business as usual. Someone please feel free to correct me if I am wrong here. TIA!

DOW Snapshot from previous trading session

"Stocks rallied Friday, with the Dow crossing 11,000 and closing above the key level for the first time in five months. The buying frenzy came after a sharp drop in the overall jobs figures in September boosted the chances of the Fed stepping in to stimulate the economy. "The jobs number was terrible, but it clinches the deal for another round of stimulus from the Fed on Nov. 3, and that's why the markets are screaming today," said Phil Orlando, chief equity market strategist at Federated Investors.

The Dow Jones industrial average (INDU) rose as much as 84 points, or 0.5%, to a fresh-five month intraday high of 11,032. It eased from that level in the afternoon, but still finished with a 58-point gain, led by Alcoa (AA, Fortune 500) and Caterpillar (CAT, Fortune 500). The Dow closed at 11,006, its highest level since May 3. The last time the blue chip index traded above that level was just days before the"flash crash" that sent the Dow tumbling nearly 1,000 points in one day. The S&P 500 (SPX) also spiked to its highest level since May, gaining 4 points, or 0.6%, on Friday. And the tech-heavy Nasdaq (COMP) added 18 points, or 0.8%, and to finish at a fresh five-month high.

Markets posted their fifth weekly gain in the last six weeks: the Dow increased 1.6%, the S&P climbed 1.7%, and the Nasdaq rose 1.3%." [Source:cnnmoney.com]

The DJIA Index finished the trading session Up 57.90; and
The SPI Futures are currently: Up 22 pts atm.

Of note in the US this evening:

Please note there is no noteworthy ' Economic news' due to be released in the US this evening.

...AND...

Of note in Australia today:

Home Loans (Aug)
[The Home Loans released by the Australian Bureau of Statistics presents the number of home loans. It indicates the housing market trend in Australia and a level of consumer confidence as large housing loans are taken out. A high reading is seen positive (or bullish) for the AUD, while a low reading is seen negative (or bearish).]

Gold is currently trading Up $5.30 & is sitting at US$1,352.30/oz atm [Source: Kitco]
Oil is currently trading Down $0.41 & is sitting at US$83.07/oz atm [Source: Bloomberg]
The Dollar: The AUD/US is currently trading @ 0.9894 cents [Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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