Tuesday 3 December 2013

Pre-Market Brief

Good morning. Futures are moderately lower, sp -5pts, we're set to open around 1795. Precious metals are seeing a minor bounce. Gold +$3. Equity bears have small opportunity this morning to push the market down to the low 1790s.


sp'60min


Summary

Today is going to be a pretty tough battle for the bears. Yes, we're set to open a little lower, but there are two QE-pomo today - the bigger one is in early afternoon.

Even if we hit 1790 this morning, do not be surprised if we're in the low 1800s by late afternoon.
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Video update from Oscar...



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Notable early mover: TSLA, +5.6% @ 131.


It remains a little odd how $110/100 has not been hit yet. Yet, Oscar is probably right though, and the secondary target in the 70/60s will be viable early in 2014.
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9.38am.. equity bears  having problems already...

momo stocks catching a bid.. TSLA +$10... AAPL +$12...

black-fail candle on the hourly/daily VIX charts...!

Heavy QE will surely get the market back into the 1800s today.