Pre-Market Brief

Good morning, Futures are largely falt, we're set to open around sp'1459/60. Once again, the most notable aspect of the day is the Dollar, +0.4% @ 80.69. We're within a day or two of breaking into the key 81s. Gold/Silver are naturally getting the hammer, Gold losing around $28/30.

Monthly jobs data: +155k, 7.8%, still lousy, considering the US Govt. are overspending by 50%.


sp'60min

sp'daily5

Summary

Its possible we might see the daily MACD cycle start to level out today, and that will be somewhat termpting to launch a re-short.

Lets see how the price action is this morning.

*as an options trader, it'd be better to wait until after the weekend anyway.
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Good wishes for Friday trading

UPDATE 9am

Futures are slightly higher now sp+2/3pts...we're set to open @: 1461/62

It will be somewhat difficult for the market to break 1465, and it gets stuck into the afternoon, I will be sorely tempted to short, with a target of 1440 - at least a small retracement for early next week.

If we break >1465, then I'll absolutely sit it out, and I'd assume 1474 will be viable for Monday.
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