Tuesday, 20 October 2015

Pre-Market Brief

Good morning. US equity futures are a little weak, sp -3pts, we're set to open at 2030. USD is starting to cool, -0.2% in the DXY 94.70s. Gold +$4. Oil -0.2%



Not much to note.

The sp'2040s look a given... with a test of the 200dma (2059/60) probably by next Wednesday.

From there... that remains the ultimate issue. Right now, it is looking like a retrace to around 1950.. and then resuming higher into year end.
notable early movers...

IBM -4.6% on lousy earnings
DIS, +0.1%.... post star wars trailer quiet.

Update from Oscar


Overnight Asia action

Japan: +0.4% @ 18207.
China: +1.1% @ 3425...the first daily close above old broken support since Aug'21st.

Have a good Tuesday