Presented by Michael Hevern
MDS Financial
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General Advice Only
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In this morning s wrap
DOW: up 2.3% – Breakout?
Growing Unemployment Rate Slowing;
Best Buys Upbeat on Earnings
NASDAQ: up 3.8%
Uptrend Holding;
Continues to Outperform;
FTSE: up 0.6% – Resistance!
Miners and Financials Recover;
DAX down 1.4% & CAC flat (-0.07%)
NIKKEI: up 1.8%
$US10bn Fund To Aid Real Estate;
Hang Seng up 3.6%
Oil: up 2.2% – At $54
US Improving Sentiment
Despite Weakening Demand
Gold: up 0.4% ($939)
Commodities Lower;
Amid Talk of World Currency
SPI: Critical Levels: 3740 & 3540
SPI up 44 (1.2%);
ASX200 Just Above Resistance
ASX200 is up 5.3% for the week and 16% for the past 3 weeks
ASX News
* Options settlements will add to volatility early
* RIO up significantly overnight
* Energy continue up
* Financials may see profit taking/covered calls
* ASX to open up US higher;
* We may see profit taking in afternoon being Friday
Tags: Add new tag, Dow, economy, Finance, finance news, investors, market wrap, oil price, Rio Tinto, stockmarket
