Friday 21 February 2014

Pre-Market Brief

Good morning. Futures are a little higher, sp +4pts, we're set to open at 1843. Metals are flat. The shortened week has been somewhat of a a mixed mess, but overall..the bulls are still in control, with further upside very likely.


sp'60min


Summary

So...we're set to open a little higher, a mere 7pts shy of breaking a new historic high.

Equity bulls should be content with ANY weekly close in the 1840s, never mind the 1850s!
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Today is opex..so..expect some chop. With 3 sig QE-pomo next week, bulls look set to continue the climb into end month.

Notable early mover: GRPN, -12%, after earnings


9.18am.. sp +6pts, we're set to open just 4pts away from new highs. It looks like we'll be in the mid 1850s this morning, and that opens up 1865/75 in the immediate term.

Meanwhile... UGAZ +5.6%