daytrades september 29 morning ...

Good Morning Traders (thanks Highlandlad),

DOW Snapshot from previous trading session

"U.S. stocks finished higher Tuesday as a drop in consumer confidence and a mixed reading on home prices failed to sink recovery hopes. After rallying for a fourth straight week last week, stocks slipped from 4-month highs and ended the day lower Monday amid a flurry of deal-making activity and ongoing economic jitters. Despite a disappointing report on consumer morale early Tuesday that initially sent stocks tumbling, investors haven't given up hope that a recovery is gradually gaining pace, said Mark Luschini, chief investment strategist at Janney Montgomery Scott.

"The sentiment is that economic data has not necessarily improved significantly from summer months, rather it has stopped showing signs of deterioration," said Luschini. "But that's enough for some people to suggest that the risk of a double-dip recession is receding."

Economy: - The Consumer Confidence Index dropped to 48.5 in September from a downwardly revised 53.2 in August, the Conference Board reported. Economists had been expecting the number to edge to 53. The index is a far cry from 90 -- a level that typically indicates a stable economy.

"This is further evidence that the consumer is still not feeling particularly upbeat about what they see going on in the market or in the foreseeable future, which obviously impacts their spending behavior," said Luschini. "That's enough to hold markets back." " [Source: cnnmoney.com]

The DJIA Index finished the trading session Up 46.10 pts; and
The SPI Futures are currently: Up 17 pts atm.

Of Note in the US this evening:

EIA Petroleum Status Report [Merits extra attention]

... AND ...

Of note in Australia today:

Conference Board Australia Leading Index (Jul) [Moderate volatility expected]
[The Conference Board Australia leading Index released by the Conference Board measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It forecasts short to mid-term growth in the Australian economy. Generally, 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 $0.30 & is sitting at US$1,308.70/oz atm (Live) [goldprice.org];
Oil is currently trading Up $0.16 & is at $76.34/barrel [Bloomberg]; and
The Dollar: The AUD/USD is currently trading @ 0.9668 cents [Forex. Live]

Have a great day trading today all!

Cheers, Tweets (:

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