Friday 2 May 2014

Pre-Market Brief

Good morning. Futures are a touch higher (ahead of the jobs data), sp +2pts, we're set to open at 1885. Metals are a little higher, Gold +$2, with Silver +0.5%. Equity bulls should be pushing the 1895/1905 zone today..and into next week.


sp'daily5


Summary

*awaiting the monthly jobs data...

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Video from Mr Hunter



Not particularly financial in nature this video, but still...a fair few interesting stories.
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8.30am... 288k net gains... 6.3%... oh boy..the mainstream is going to ramp this as 'RECOVERY to da moooooon'.


8.40am.. Futures jump a little, but nothing significant, and we're back to where we started.

Regardless, equity bears can't call the number in their favour, and with the weekly charts bullish, market should rally.


8.52am.. sp +3pts.... 1886.

Anyone still think we'll close the week <1850 ?  
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9.24am.. Well, long day ahead...lets see if we can break into the 1890s..and challenge a new high by the late afternoon.