Monday 14 December 2015

Pre-Market Brief

Good morning. US equity futures have swung from an overnight high (+19pts @ 2031), and are currently -6pts, we're set to open around 2006. Metals are broadly weak, Gold -$9, with Silver -1.8%. Oil continues to implode, -2.4% in the $34s.


sp'60min


Summary

Not surprisingly, we're set to open somewhat lower, as the market is increasingly unstable ahead of the FOMC meeting.

All things considered, we should get stuck in the 2000/1990 zone today.. and hold it across Tue/Wed.

From there.... a weekly QUAD-OPEX close in the 2050s would be most natural. Best bullish case would be 2080/85... which is around 4% higher.
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early movers...

AAPL -1.8% in the $111s
GDX -1.4%
RIG -2.4%, SDRL -8.8%.... as energy prices continue to collapse
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Overnight Asia action....

Japan: -1.8% in the 18800s
China:  2.5% @ 3520... solid gains built into the close.
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Have a good Monday