daytrades october 19 morning ...

Good Morning Traders,

DOW Snapshot from previous trading session

"Stocks gained steam to close the session sharply higher Monday, extending last week's rally, on upbeat earnings from Citigroup and improvement in the housing sector. The blue-chip Dow index ended strong, with 24 of its 30 components closing higher. Financial stocks helped the advance following Citi's strong earnings, with JPMorgan (JPM, Fortune 500) ending 2.8% higher. The energy sector lagged, with Halliburton and Fluor Energy losing about 5%.

It was a strong start to a week that will bring an avalanche of corporate results. Seven of the 30 companies that make up the Dow will release their third-quarter results, in addition to several big banks and tech companies.

So far, third-quarter results have generally come in above expectations. Of the S&P 500 companies that have posted results, 83% have topped analyst estimates, according to Thomson Reuters. But it's still early in the reporting period." [Source:cnnmoney.com]

The DJIA Index finished the trading session Up 80.91; and
The SPI Futures are currently: Up 41 pts atm.

Of note in the US this evening:

Housing Starts [Market moving indicator]

Bank of Canada Announcement [Market moving indicator]

Fed's Bernanke Speech [Merits extra attention]

...AND...

Of note in Australia today:

RBA Meeting's Minutes (Oct 18)
[The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.]

Gold is currently trading Down $0.50 & is sitting at US$1,369.10/oz atm [Source: Kitco]
Oil is currently trading Down $0.18 & is sitting at US$82.90/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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