Wednesday, 25 July 2012

Pre-Market Brief

Good morning. Err...futures across the 3 main indexes are truly bizarre.and are a massive turn around from last nights lows of dow -100pts, after AAPL disappointed.

We're now set to open dow +100pts.. sp+6pts...but the nasdaq is -0.25% !




Well, I was desperate for an opening bounce..and it surprisingly looks like we are going to get one.

I will look to re-short somewhere around 1345/55, although I find it somewhat difficult to believe 1355 is viable.

Underlying pressure is down,and my Friday closing target remains sp'1310/00.

Good wishes for what will surely be another crazy at the casino...also known as the NYSE.