daytrading all day december 30

The Australian share market is expected to open higher this morning.

US Stocks climbed steadily to finish near their best levels Thursday as the euro erased its drop versus the greenback and after a handful of better-than-expected economic data.

But volume remained thin in the final week of trading for the year.

The Dow Jones Industrial Average soared 135.63 points, or 1.12 percent, to close at 12,287.04. The S&P 500 jumped 13.38 points, or 1.07 percent, to finish at 1,263.02, moving back into positive territory for the year. The Nasdaq rallied 23.76 points, or 0.92 percent, to end at 2,613.74.
All 10 S&P sectors finished firmly in positive territory, led by financials and industrials.

“The market will come back to fundamentals…with all the negative headline news, the market as able to salvage modest gains at best,” Eric Thorne, portfolio manager of Bryn Mawr Trust Wealth Management. “I think we’re going to be looking at a hotter economy than a lot of people expect and that’s going to lead to better stock prices and investors in stocks will do pretty well in 2012. It’s really bonds that we’re worried about at this point.”

Meanwhile in Europe, Italy sold just over 7 billion euros ($9 billion) in an auction of longer-term debt, with yields falling.
The yield on Italian 10-year bonds fell from the euro era highs reached in November, settling slightly below the market-sensitive level of 7 percent in an auction on Thursday.

The euro pared its early losses against the dollar to rise back above $1.29. Gold slumped to its lowest level in almost six months to settle near $1,540 an ounce.
On the economic front, weekly jobless claims rose slightly to a seasonally adjusted 381,000, according to the Labor Department, but remained under the key 400,000 level for the fourth straight time.

“All the data we’ve seen today has been neither good nor bad including the Italian auction—it wasn’t horrible, it was not great,” said Jim Iuorio, director of TJM Institutional Services. “The jobless claims were a little worse than expected, but much better than they were a couple months ago. So we never get any clarity in anything, it’s a slow moving trend towards better.”

www.cnbc.com