daytrades october 18 morning ...

Good Morning Traders,

DOW Snapshot from previous trading session

"Stocks ended mixed Friday as weakness in the banking sector dragged on the Dow, while technology shares stayed strong.

Despite Friday's mixed performance, all three major gauges posted gains for the week. The Dow added about 0.5% over the last 5 trading days, while the S&P rose 0.8% and the Nasdaq surged 2.6%. It was the second week in a row that stocks rose. Stocks opened higher Friday after Ben Bernanke, chairman of the Federal Reserve, said the central bank has "a case for further action" to stimulate the economy, citing high unemployment and low inflation. But the tone cooled as investors digested a bevy of economic reports, including ones showing an increase in consumer spending, a decrease in consumer sentiment, and tame inflation data. Bank stocks were among the worst performers, as foreclosure practices have come under fire from state and federal regulators. Many banks have halted foreclosures in parts of the country to investigate foreclosure cases where documents were not filed properly, and some regulators are pushing for a nationwide freeze." [Source:cnnmoney.com]

The DJIA Index finished the trading session Down 31.79; and
The SPI Futures are currently: Down 16 pts atm.

Of note in the US this evening:

Industrial Production [Market moving indicator]

Treasury International Capital [Merits extra attention]

Housing Market Index [Merits extra attention]

Net Long-term (and Total Net) TIC Flows (Aug) [Moderate volatility expected]

...AND...

Of note in Australia today:

New Motor Vehicle Sales (MoM) (YoY) (Sep)
[The New Motor Vehicle Sales released by the Australian Bureau of Statistics measures motor vehicle sales in Australia. It is considered as an indicator for consumer confidence. It is worth noting that motor vehicle sales are a small component of the overall Australian economy. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

Gold is currently trading Down $2.10 & is sitting at US$1,366.80/oz atm [Source: Kitco]
Oil is currently trading Up $0.15 & is sitting at US$81.40/oz atm [Source: Bloomberg]
The Dollar: The AUD/US is currently trading @ 0.9893 cents [Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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