Tuesday, 29 December 2015

Pre-Market Brief

Good morning. US equity futures are moderately higher, sp +11pts, we're set to open at 2067. USD is a little higher, +0.2% in the DXY 98.10s. Metals are bouncing, Gold +$4. Oil is +1.2% in the $37s.



As thing are, the opening gains are going to fully negate the baby bear flag.

It would seem the window to see further weakness to sp'2042/36 has shut.

Instead we're headed straight to 2080/90 for the Thursday/year end close.

Overnight Asia action...

Japan: +0.6% in the 18900s
China: +0.8% @ 3563

Have a good Tuesday

8.40am  sp +15pts... 2071... and putting beyond any doubt now.

Next up... the FOMC high of 2076... and that is clearly in range this morning.  So.. a daily close in the 2080s is just about possible.