Friday 21 December 2012

Pre-Market Brief

Good morning...and welcome to a new Mayan age ;) Overnight (ES) futures which briefly were lock limit down -50pts, are currently -17pts, we're set to open around sp'1425.


sp'60min



sp'daily5


Summary

After last nights mini-carnage, this morning could be seen as a little disappointing, although I think its fine.

There is a good chance we can close the week flat..back in the low sp'1410s

Its quad-opex, so..today will indeed by choppy, and volume will doubtless be much higher.
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UPDATE 9am  ES -20, we're set to open @ sp'1423.

First target would be the key low of sp'1413, yes, the one I've been talking about all week.
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UPDATE 9.35am... a sombre opening, with bells ringing for 'newtown'.

VIX testing the big 20 threshold..