Monday 2 June 2014

Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open at 1925. Metals are starting a new month weak, Gold -$3. The market will likely push higher until at least Wednesday, although daily/weekly charts will be strongly restrictive to the 1925/30 zone.


sp''daily5


Summary

*there is an array of econ-data from 9.45-10am.
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So..we're opening a little higher, and frankly, I just don't see any downside power.

US/world markets look set to climb for the first half of the week..what happens at the ECB at Thursday..that is the unknown. That event could be used as an excuse for a sharp...if brief wave lower.

Regardless, broader trend remains bullish, with the Dow set to break a new historic high at the open.

Ohh, and I guess we should be on the watch for VIX 10s today..and across the week.
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Update from Mr Permabull



Not surprisingly, he is back to fully bullish.
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Have a good week.