Tuesday, 18 February 2014

Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open at 1840. Metals are a little lower, after swinging around form initial gains, Gold -$2. With two sig' QEs in this shortened trading week, bears face the usual problems.



*awaiting Empire state, and housing data.

Considering the QE and the recent price action from the sp'1737 floor, I'm guessing we'll soon be trading in the 1850/60s..likely by the end of this week.

Upside momentum is just so strong right now.

Many are again talking about a retracement, but hey, didn't we get one..remember the 0.9% drop from 1826-1809?

Notable early movers...
TSLA +3% @ $204 - earnings are due this week, possibly later today
UGAZ +12% @ $30