Monday 22 December 2014

Pre-Market Brief

Good morning. Futures are moderately higher, sp +4pts, we're set to open at 2074. Metals are a touch higher, Gold +$2. Energy is very weak, Nat' gas -6.2%, with Oil -1.8%.


sp'daily5


Summary

Welcome to Christmas trading week! Effectively, just 3.5 days to get through.. and no doubt Wed' and Friday will be super quiet... so really, the only decent opportunity for price action will be today and tomorrow.

Daily MACD (blue bar histogram) cycles are due to go positive today for most indexes and thus underlying price inclination will remain to the upside for today.

Hourly cycles are offering a down cycle into early Tuesday, but really... any weakness will be minor... and by end week... new highs.
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Update from Carboni


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Have a good Monday