Tuesday 8 October 2013

Pre-Market Brief

Good morning. Futures are a touch higher, sp +1pt, we're set to open at 1677. Equity bears need to push lower today into the 1660s. The key low to break below remains 1627. Precious metals are moderately weak, Gold -$4.


sp'60min


Summary

A rather quiet overnight futures session, and it looks like we're going to open effectively flat.

There really isn't anything to add to what was already noted in the overnight closing post.

The VIX will very likely be a key signal to watch. It has been a very long time since we had a series of daily/weekly closes in the 20s (or higher).
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*I'm tired of meddling in the indexes, and will likely leave them alone until after the debt ceiling is resolved. I'm currently just short SLV, and will trade that in the days ahead.