Friday 7 September 2012

Pre-Market Brief

Good morning. Futures are moderately high, sp +3pts, we're set to open around 1435.

*Jobs data: 96k /8.1% vs 125k /8.3% consensus. The revisions are often so large, these numbers are probably nonsense too.


sp'daily5


Summary

My target is indeed 1445, so if the futures gains hold, then we'll only be a mere 10pts shy of my target.

Lets not too fixated on targets though, all we can say with confidence is that this is day'2 of an up cycle, and its probably going to continue until next Tuesday at least.

More across the day.