Pre-Market Brief

Good morning. Futures are marginally lower, sp-4pts, we're set to open around Tuesday's low of 1498. It will be important for the bears today to see at least a moderately lower close, anything <1495 would be acceptable, with VIX >14.50.


sp'daily5

vix'daily3

Summary

We have the Chicago PMI @ 9.45am, that will be important. Bears should seek a reading <50, which is recessionary.

LVS is higher on earnings, FB -5%, QCOM +6%

Lets see how we go this morning.  Can we see some morning declines..but just keep going?

Good wishes for Thursday..the last day of January!