Friday, 2 October 2015

Pre-Market Brief

Good morning. US equity futures are moderately higher (ahead of the jobs data), sp +9pts, we're set to open at 1932. USD is +0.1% in the DXY 96.20s. Metals remain weak, Gold -$7... the $1100 threshold is set to be tested. Oil is broadly flat.



Little to add... ahead of the jobs data.

As ever, it will not be the number itself that matters... but how the market interprets it.

Overnight Asia action....

Japan: essentially flat.
China: remains CLOSED until next week

Update from Oscar


Eyes on 1900

If we don't break under sp'1900 today... it would bode badly for the equity bears next week, and will threaten a straight run to the 200dma in the 2050s by late Oct/early Nov. 

Long day ahead

8.32am.. 142k net gains.... 5.1 rate

Market snaps violently from +14pts.. to -5pts....


Bad news is bad news... really?

8.33am.. sp -12pts... 1911....

8.41am..  sp -18pts.... 1905.....    almost there.

8.47am  sp -20pts... 1903....

Watching Ms. Swonk on clown finance TV.. she feels like she is in quicksand.  Well, she never did see 2008 coming either.  At least she is consistent in her failure.

notable strength, TVIX +5%... but really. that is still a small move.

Can the VIX get to 27/28s today?   Technically.. it IS possible.... right now.. it'd imply a BREAK under 1867... if 27s - relative to yesterdays' lackluster VIX.

8.57am... sp -18pts... 1905...

.. but don't worry.. the Bernanke is on CNBC next Monday. He will make it all better..yes?

9.14am.. sp -24pts.. 1899.. so we have a threshold break.

In theory.. we should be -55pts.. around 1870/67 this afternoon.. with VIX 27/28s.

9.16am.. sp -27pts... 1896.. its pretty decisive now.

Today at least.. bad news IS bad news.. and the market is increasingly upset

9.36am.. Hourly MACD Cycle set for a bearish cross at 10am...    

Eyes on the VIX +8% in the 24.50s  ... first target 27s.