Pre-Market Brief

Good morning. Futures are moderately higher, sp +4pts, we're set to open @ 1586, a mere 6pts from the Thursday high. USD is notably weaker by 0.5%, and this is probably helping to kick just about everything higher, inc' the precious metals and Oil. Bears need to reverse this..quickly..


sp'60min

vix'60min

Summary

So, we're set to open a little higher. Bears need to see a morning reversal, or bulls could get a close back into the 1590s, and that would bode badly for the rest of the week.

Yet, there is a truckload of econ-data this week, so....lets see how today goes first, before waving the white flag.

Bear case late today/early Tuesday, sp'1560s, with VIX 16/17s.

Good wishes for the week!
--

9.35am... black candles all over the place. Spike out the weak bears..and then reverse?

I won't be in the least bit pleased unless we get a close in the 1560s..which right now, looks a long way down.
-
Long day ahead.....long week.