daytrading 23 july pre market

Good morning traders.

The local bourse can look forward to a positive open with the ASX futures reading +14.

U.S. stocks rose, as monthly flows into equity exchange-traded funds reached a five-year high, after housing data and earnings from companies including McDonald’s Corp. fuelled speculation stimulus would continue.

The Standard & Poor’s 500 Index (SPX) rose 0.2 percent to 1,695.42 at 4 p.m. in New York, extending a record.

“The earnings reflect a growing economy, but not a robust economy, not a runaway economy,” John Carey, a fund manager at Boston-based Pioneer Investment Management Inc., said by telephone. His firm oversees $211.5 billion. “There was concern that the economy may be doing a little better than the Fed was estimating and that might lead to an earlier tapering. Now with fairly modest economic growth and slow earnings growth, I don’t think people are going to be as worried about the tapering.”

Investors have increasingly turned to stocks this month, as U.S. equity exchange-traded funds are getting money at the fastest rate since September 2008. After adding $10.2 billion to ETFs last week, the July total stands at $29.7 billion, according to data compiled by Bloomberg.

DOW +2 pts

SPX +3 pts

FTSE -7 pts

DAX -0.51 pts

GOLD spot price was up strongly + $41 to $1336. ( touched the 50 dma)

GDX gold miners added another 6.11 %

WTI crude was down 1.22 to 106.94

USD index down half a cent to 82.21

Copper added 4 cents to 3.18

Good luck