Monday, 17 December 2012

Pre-Market Brief

Good morning. Futures are showing moderate gains of around 0.4%, the sp' is set to open +6pts, @ 1419/20. As ever, eyes to the transports, which still seems a good underlying signal on where we are headed.




Since the FOMC, the market has shown some consistant 'mild' weakness, yet there have been no dramatic moves yet.

My best guess..we close today broadly flat, or a touch lower. Anything >1410 would be a bonus, and set up a break under the previous 1398 low for Tues/Wednesday

I do not expect a move <1380 this week

Good wishes for the last full trading week of 2012.