Thursday, 31 December 2015

Pre-Market Brief

Good morning. US equity futures are moderately lower, sp -6pts, we're set to open at 2057. USD is climbing into year end, +0.2% in the DXY 98.40s. Metals remain weak, Gold -$2. Oil is -1.0% in the low $36s.



So.. the gap zone is set to be fully filled at the open.

Equity bulls need a Thursday close >2058 for a fractional net yearly gain.

Best guess... after opening weak... market should rebound, and close net higher. Considering it is holiday trading conditions, anything much above 2080 looks difficult.

*it would seem Japan and Germany didn't even trade this New Years Eve, so we already have a few year end closes.

... awaiting weekly jobs and Chicago PMI data.

9.31am.. sp'2051... we're back under the monthly 10MA....   if it stays there.... alarm bells will sound.