daytrading 22 july pre market

Good morning traders.

Our local bourse is set to open positively with the ASX Futures reading + 21.

US indices put in mixed performances on Friday with the Nasdaq posting the worst numbers of the day with Microsoft and Hewlett Packard a big drag on that index. Microsoft put in its worst day for several years falling 11.4 %.

U.S. stocks rose, giving the Standard & Poor’s 500 Index a fourth straight week of gains, as better-than-forecast results from General Electric Co. (GE) offset disappointing earnings from Google Inc. and Microsoft Corp. (MSFT)

GE surged 4.6 percent to the highest in almost five years, pacing gains among industrial shares. Pfizer Inc. advanced 2.1 percent to boost health-care stocks. Technology shares sank 2 percent. Microsoft, the world’s largest software maker, plunged 11 percent and Google, owner of the most popular Internet search engine, lost 1.6 percent. Advanced Micro Devices Inc. (AMD) retreated 13 percent after saying its gross margin would narrow in the current quarter.

European markets finished the day marginally in the red in lacklustre trade.

DOW….. – 5

SPX …. + 3

NAS ….. – 24

FTSE…. -4

DAX …. -5

GOLD added $13 to $1295 helped a little by a falling US Dollar. GDX miners index had a good day + 4.36 %

USD index down 0.20 to 82.71

WTI crude + 15 cents to 108 .16 ( Feb 2012 pivot high 110.55 , Spinning top candle formed on daily chart )

Japanese Prime Minister Shinzo Abe’s coalition won a majority in an election to parliament’s upper house, offering a broader mandate for reform as he seeks to revive the economy and strengthen defense.

Good luck and safe trading.