Thursday 28 February 2013

Pre-Market Brief

Good morning. Futures have been quiet overnight, the sp is +2pts, we're set to open around 1517.  Gold is already -$7, although Silver is flat. Stock highlight so far...GRPN -25%.


sp'60min



vix'60min


Summary

I am considering a re-short in the opening 30 minutes

see previous post for full details.
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Awaiting- data...

GDP (second reading): +0.1%  vs -0.1% (first reading)
Jobless claims: 344k
Chicago PMI:

As noted...lets see if we get a red reversal candle on the VIX 15/60min charts in the opening 30 minutes.
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Something for your viewing pleasure,..from Ron Walker...



updates..in the opening 30mins !

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UPDATE 9.40...nothing bearish yet...nothing at all.

awaiting PMI number. It if comes in 'reasonable', this market has a chance at >1525..in which case..can't be short.

UPDATE 9.45  Chicago PMI : 56.8 , pretty reasonably bullish

Indexes testing yesterdays high

I am NOT re-shorting here