Wednesday, 14 January 2015

Pre-Market Brief

Good morning. Futures are moderately lower, sp -13pts, we're set to open at 2010 - just 2pts above yesterday's low. Metals continue to battle upward, Gold +$2. Oil remains in collapse mode, -1.5%. Copper hits a six year low of $2.42 (-7%).



It is not looking good for the equity bulls. We look set to take out the Tuesday low... and the 2k threshold now looks set to be lost.

Primary downside target is the 200dma... around sp'1965.

Hunter with doomer Nenner

As ever... make of that... what you will

Notable early weakness, TSLA -8% @ $288

... next key support is the May low, around $180.

*awaiting retail sales data at 8.30am

8.30am Retail sales: -0.9%    vs -0.1% exp... pretty lousy.

Market upset, sp -23pts.... we're about to lose 2000.. in pre-market., sp -26pts.... we're set for 1997.... 1.6% until the 200dma