Tuesday, 26 January 2016

Pre-Market Brief

Good morning. US equity futures are a little higher, sp +2pts, we're set to open at sp'1879, although it is notable that there was an overnight low equiv' to sp -19pts @ 1858. Metals continue to bounce, Gold +$3. Oil is rebounding,+1.6% around the $30 threshold.



So..an overnight swing back upward.

There is clearly threat we'll see some minor weakness into 11am... but broadly... a net daily gain looks due.

Primary target remains the 1940s... with the 70s out of range until next week at the earliest.

Overnight action...

Japan: -2.3% @ 16708
China; imploding into the close, -6.4% @ 2749
Germany: currently -0.3% @ 9706... but recovering

Have a good Tuesday

9.28am.. with Oil building gains of 3%... sp +8pts.... 1885.

Anyway.. market is now looking ahead to AAPL earnings.... which I'm guessing will please the market.