Monday, 13 April 2015

Pre-Market Brief

Good morning. Futures are a little lower, sp -4pts, we're set to open at 2098, but new historic highs look due this week. Metals are moderately lower, Gold -$8, with Silver -1.1%. Oil is starting the week with sig' gains of 1.2%.



So... a little weakness to start the week, but new historic highs look due for most indexes this week. The sp'500 is not even 1% away.

First support is the rising 50dma around 2080.
notable early weakness, SINA -5.1% @ $35.60, as China threatens a shutdown, due to SINA not censoring enough content.

strength: NFLX, +2.9%... its had a good run in recent days. No doubt, the huge positive reaction to the Friday night release of the  new Marvel series 'Daredevil' (I highly recommend).. is probably the reason the stock is again higher this morning.

Update from Oscar


Doomer chat.... Hunter with Armstrong

Good wishes for the week ahead