Thursday 9 April 2015

Pre-Market Brief

Good morning. Futures are fractionally higher, sp +1pt, we're set to open at 2082. The market remains firmly stuck under resistance of 2088/89. Metals are a little weak, Gold -$2. Oil is higher by 0.8%.


sp'daily5


Summary

So...  a broadly flat open is due... certainly nothing for the bears to get excited about.

Price action remains a choppy mess. Even if we do slip lower from here, we surely won't break <2039 by the Friday close.... in which case... no real clarity across the weekend.

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notable early weakness, AA -2.6% @ $13.30s... post earnings depression
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Update from Oscar


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Have a good Thursday


8.31am. Jobs data 281k.... 'reasonable' I guess you could say. Next up... Wholesale trade at 10am.


9am... INTC drops talks to buy ALTR.....  INTC stock flashes lower by -3% immediately to $30. ALTR implodes -12%

Indexes turning red... sp -3pts, so.. that is 2078