Friday, 23 November 2012

Pre-Market Brief

Good morning. Futures are sp +4pts, we're set to open around 1395. Another very quiet trading day is likely, where the algo-bots will again be in full control, for some slow motion melt to the upside. Today is a shortened session, we close at 1pm




There really is no reason for this market to open today, not least for a mere half day.

A close around sp'1400 seems very viable, and then we'll be just 10pts away from the low end of my re-short target zone!

I am content to watch, at least until Monday.