Monday 25 August 2014

Pre-Market Brief

Good morning. Futures are moderately higher, sp +9pts, we're set to open at a new historic high of 1997. Equity bulls look set for another week in their favour, with the 2010s viable by end month.


sp'daily5


Summary

*it is notable that the ETF - SPY, is trading at 200.00 in pre-market.
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So...we're set to open pretty close to the giant sp'2000 threshold. A daily close in the 2000s is certainly very possible today - as supported by the hourly cycle.

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Update from the (naturally bullish) Oscar


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Good wishes for the week ahead