daytrades september 10 morning ...

Happy Mufti Day Traders,

Firstly, thanks to pj for opening up the 'Pre-Market' threads in hll's absence this week - good job pj!

DOW Snapshot from previous trading session

"Stocks posted tepid gains, down slightly from their earlier rally Thursday as investors mulled over better-than-expected reports on the U.S. trade deficit and weekly jobless claims. Earlier in the session, the Dow had gained as much as 51 points. All three major indexes started the month with a bang following a series of stronger-than-expected economic reports. But this week, trading has been a bit shaky, with little on the docket to push stocks forward.

Trading volume is 30% below the 3-month moving average, which is not unusual for the shortened holiday week following Labor Day. Nevertheless, that lackluster volume means none of this week's stock market moves amount to much, said Art Hogan, chief market strategist at Jefferies & Co. "Whatever happens, it doesn't clarify anything in investor's minds. We will have to wait until next week," he said. "That said, it's intriguing that as early as two weeks ago the economic calendar was working in the wrong direction. All we could talk about was a double dip. That has gone the way of the dodo bird now." Stocks closed higher Wednesday as worries about European banks eased, and investors welcomed President Obama's $350 billion jobs recovery plan." [Source: cnnmoney.com]

The DJIA Index finished the trading session Up 28.23 pts; and
The SPI Futures are currently: Up 19 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:

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

Gold is currently trading Up $1.20 & is sitting at $1,245.20/oz atm [Source: Kitco];
Oil is currently trading Up $0.52 & is at $74.77/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading @ 0.9226 cents [Source: Forex. Live]

Have a great day trading today all!

Cheers, Tweets (:

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