Thursday, 11 July 2013

Pre-Market Brief

Good morning, and welcome to another day at the worlds most rigged casino. Futures are significantly higher, sp+17pts, we're set to open at 1669, a mere 1% from the May'22 high. USD is sharply lower after comments from the Bernanke, Oil is not joining the party...yet




So..the Bernanke has once again managed to kick the US equity market up, this time by around 1% for most indexes.

With the sp' set to open on the border of the 1670s, bears are still in dire trouble.

VIX will almost certainly open in the mid/low 13s, a weekly close in the 12s?

If todays gains largely hold, that will make for around 110pts (7%) across just 13 trading days.