Tuesday 11 November 2014

Pre-Market Brief

Good morning. Equity futures are a little higher, sp +2pts, we're set to open at 2040.  Metals are trying to bounce, Gold +$5. Nat' gas continues to fall this week, -3.2%, whilst Oil is +0.2%


Dow, daily


Summary

Today will likely be even more quiet than yesterday.

I will endeavour to find something to cover, but really, price action will likely be super dull in almost everything.

re: Dow. Many now seem resigned to 18k in the near term... and once that is hit, a fair few will seriously start to recognise that the giant 20k threshold is only another 11% higher.
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Notable early mover: GDX +1.4%... but those gains look highly vulnerable to being reversed, within the broader down trend.