Tuesday 7 May 2013

Pre-Market Brief

Good morning. Futures are moderately higher, sp +3pts, we're set to open around 1620. Precious metals are weak, with silver -1%. Oil is similarly moderately weak. USD is also a touch weak, -0.2% @ 82.17. There remains the persistent issue of algo-bot melt.


sp'60min



sp'daily5



Summary

So, we're set to open a little higher. With very little to move the market, there is more likelihood of upside..than downside, and that also applies to the rest of the week.

*I will be away this morning. Next post probably at 1pm.
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In the meantime, two videos...

First...Oscar, who is side-stepping the market today.




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Second, some macro-economics, from Mr Long and Mr Smith



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as noted...I will probably be back around lunch time