Pre-Market Brief

Good morning. Futures are fractionally lower, sp -1pt, we're set to open around sp'1408. After yesterdays late morning mini-ramp, bears are understandably edgy about being short in what remains a treacherous market. As usual.. eyes to the VIX..and the transports.

*weekly jobless claims: 370k vs 380k expected, as ever though, there really isn't much to make of that data point.


Trans'60min

VIX'60min

Sp'daily5

Summary

Considering everything, there should be renewed weakness today, and primary target remains 1385. That still seems viable, no later than tomorrow.
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I remain short, seeking my next exit around 1395, which I believe might come this morning before yet another bounce.

A long day ahead, and it won't take much of a rumour/news story to snap this market sharply higher..or lower. Everyone is getting twitchy about there I sense, and certainly includes..yours truly.

UPDATE 9.20am

Notice the Dollar, almost breaking USD 80.0.

Metals, Oil,..weak. Sp'-3pts...we now set to open around 1406.

I'd like an exit around 1395 by 11am.