Friday, 23 October 2015

Pre-Market Brief

Good morning. US equity futures are striving for another day of significant gains, sp +22pts, we're set to open at 2074... decisively above the 200dma. The bigger trend has turned back toward the equity bulls... there is no doubt about it.



A viciously bullish open is due.... above core resistance on a number of indexes.

A powerful net weekly gain is due.

early movers

Pandora (P) -32%  @ $13, a real mess... paying money for old music.
AMZN +10%
GOOG + 10%
MSFT +10%

Overnight action

Japan: +2.1% @ 18825
China: 1.3% @ 3412... a weekly close in the 3400s... very bullish

Have a good Friday

8.58am, with the USD continuing to climb, +0.4% in the DXY 96.80s... commodities are mixed....
Gold +$10..   , Oil -1.0%, the latter of which now has a very bearish weekly candle.