Monday, 25 January 2016

Pre-Market Brief

Good morning. US equity futures are moderately lower, sp -5pts, we're set to open at 1901. USD is -0.2% in the DXY 99.40s. Metals continue to bounce, Gold +$6, with Silver +1.3%. Oil is cooling from last weeks hyper gains, -3.4% in the $31s.



As the hourly cycle was warning about last Friday afternoon, we're set to open the week on the downside.

Broadly though, the market should see gains across much of this week... certainly to the 1940s. Considering how crazy this market often is, the 1970s look viable, but perhaps that will take a few weeks.

In any case, mid term outlook is clear.

Update from Oscar


Doomer chat, Hunter with Pento

As ever, make of that, what you will.

Overnight action..

Japan: choppy, +0.9% in the 17100s
China: choppy, +0.7% @ 2938, a long way from broken support of the 3400s.
Germany: very minor chop, currently +2pts @ 9767

Have a good week