Tuesday, 5 April 2016

Pre-Market Brief

Good morning. US equity futures are broadly lower, sp -16pts, we're set to open at 2050. USD is +0.2% in the DXY 94.70s. Metals are powering upward, Gold +$15, with Silver +1.4%. Oil is choppy, -0.1% in the $35s.



Most important of all... we're set to break rising trend at the open.

Best guess... a daily close in the sp'2045/40 zone.

There will be high threat of some latter day recovery, but it should merely result in a bear flag being made... offering further weakness to the 2030/20s tomorrow.

notable early movers...

miners, GDX +2.5%
TVIX +7.5%

TSLA -3.8%
FCX -1.7%
AAPL -1.7%
DIS -2.5%

Deutsche Bank (DB), -3.5%

We've not forgotten about DB, have we?

Overnight action

China: +1.5% @ 3053, an anomaly, having been closed on Monday
Japan: -2.4% @ 15732
Germany: currently -2.3% @ 9596

Have a good Tuesday