Tuesday 19 November 2013

Pre-Market Brief

Good morning. Futures are a touch lower, sp -3pts, we're set to open at 1788. Metals are mixed, Gold +$3, Silver -5 cents. Equity bulls have another QE today to offset what minor sell side pressure there is. Market should find support in the 1785/80 zone.


sp'60min


Summary

A daily close in the 1770s seems very unlikely, not least with sig' QE-pomo today.

I would be surprised if we broke new index highs today, more likely..this is just a sub'4..and we will see some price chop in the 1785/95 zone for the entire day.
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Notable early mover... TSLA, -1.2% @ $120. A mere $10 from my target zone.
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Video update from Mr Permabull



$60 TSLA ? Wow, I thought my 110/100 target was bold.
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9.43am.. minor chop..which will probably last for the day. 1785/80 should hold as support.