Tuesday, 30 July 2013

Pre-Market Brief

Good morning. Futures are moderately higher, sp +4pts, we're set to open around 1689. Precious metals are slightly weak, Oil -0.7%  Bulls look set to push things higher today..and tomorrow, not least if the market likes the econ/earnings data.



The sp'1700s still look viable, possible even later today, but more likely early tomorrow.

Mr Market will now be almost entirely focused on the nonsense that is the FED-speak. How many times will the Bernanke mention 'easing' or 'taper'? After all, the Fed is now the foundation of the US economy.

*SLV looks flat, so I'll still (to my surprise) be in my long-Silver trade at the open, hmm

Notable movers..Agriculture ... MOS, POT, and SQM