Friday, 11 March 2016

Pre-Market Brief

Good morning. US equity futures are broadly higher, sp +19pts, we're set to open at 2008. USD is +0.6% in the DXY 96.60s. Metals are naturally cooling, Gold -$8. Oil is +1.8% in the $38s.



So, we're set to open above yesterday's high.. and are back on track for a test of the 200dma next week.

Keep in mind, a Friday close >2K will result in a fourth consecutive net weekly gain.

early movers...

TVIX -5% in the $6.40s..... the 5s still look viable before a key floor
SDRL +8%, but still set to disappear
CHK +3%, as above
GDX -1%, cooling with Gold

Update from Mr C.

Overnight action

Japan:  recovering into the close, +0.5% @ 16938
China: +0.2% @ 2810
Germany: currently +3.1% @ 9798

Have a good Friday