daytrading 24 july pre market

Good morning traders.

The local bourse is set for a soft open with a SPI ASX futures printing at -7.

The Standard & Poor’s 500 Index fell, halting a streak of four straight gains, as investors weighed corporate earnings amid speculation on when the Federal Reserve may scale back its asset purchases.

“What you’re seeing is revenues are coming in pretty lacklustre and profits seem to be doing a little better than gains in sales,” Hank Herrmann, Overland Park, Kansas-based chief executive officer of Waddell & Reed Investment Management Co., said by phone. His firm manages $104 billion. “The market had a period of digesting the confusion over Fed tapering. For the moment, it’s focused on individual company fundamentals.”

DOW + 22 … 0.14 %

S & P 500 -3 … - 0.19 %

NAS -21 … -0.59 %

FTSE -26… - 0.39 %

DAX -17…. -0.20 %

GOLD + 8 … 1343.... GDX gold miners index + 3.32 %

WTI crude up 17 cents 107.11

Copper added 2 cents to 3.20

Of the last 20 trading days since this rally began the
S & P 500 has only had 4 down days , last night being one of them. The rate of change has started to slow a little though off a high level.

Apple reported better than expected earnings and rose in after hours trade.

Some data from China , flash PMI due today? Could someone confirm please.

Good luck