Thursday, 19 April 2012

8.30am Pre-market Brief

Good morning

Spanish IBEX 7k...FAILED to hold


So, 2000pts lower...yet to come. That's around 30%..and the same could arguably be said for Italy, perhaps even UK and Germany....and the US ?

Looks like market was up almost 1% at one point overnight, but we sure did fall away....

Jobless data ...lousy..386k.  Where are those green shoots?

I'm looking for SP' to close -15/17 today, something in that level, it should confirm that we'll be falling into next week. The issue is whether we get stuck at 1340...or keep on going.

Good wishes for Thursday trading!