Wednesday, 8 August 2012

Pre-Market Brief

Good morning. Futures are sp-6pts, we're set to open around 1395. Its almost a little odd to see the market futures red, seems so long !




I'm still not expecting anything significant today. Bears can not justifiably get proper bearish until we are back into the 1340s..which are obviously a fair way lower from current levels.

Look to the VIX. a close +7% or so..and then maybe...things might develop further by the end of the week.

More across the day.