Friday 1 June 2012

Pre-Market Brief - BOOM

Good morning..and welcome to June. Jobs data disappoints market...SP' drops a further 10 handles in seconds...




Jobs data;    69k vs 150k expected

*there is also some key econ-data at 10am, so bears should look for a secondary down wave to begin around then. .



Sp'60min



Summary

Market looks set to open around  1285 0 the 200 day MA. A break under that...opens up 1270/60...today. - with VIX 27/29


I am short, looking for a temprorary exit around 1285 later this morning. I look to reshort by late afternoon, with new lower target of 1225/00 end of next week.



Good wishes for Friday..and all of June !