Monday, 26 October 2015

Pre-Market Brief

Good morning. US equity futures are moderately lower, sp -6pts, we're set to open at 2069. USD is a little weak, -0.2% in the DXY 96.90s. Gold +$2. Oil -0.3%.



So, we're set to open a little lower, but broadly, the market should hold together until Wednesday afternoon.

Clearly, a retrace is due... and the FOMC... or if not, the GDP data (Thursday) will offer an excuse to begin that.

Other than that... there really isn't much to note.

Overnight Asia action

Japan +0.6% @ 18947
China +0.5% @ 3429... another notable close above the 3400 threshold.

Have a good Monday


notable early mover...  AAPL, -1% in the $117s. It will be interesting where this one trades... earnings are due at the Tuesday close.

A break >$120 will open up new historic highs... and negate all of the broad sideways chop from earlier this year.

weakness.. VRX the $106s... with a conf. call due...  an ultimate PR attempt to reverse the markets increasing concern that the company is at least semi-fraudulent. Could be rather entertaining.. if the $100 threshold is closed under.