Friday 19 July 2013

Pre-Market Brief

Good morning. Futures are moderately lower, sp -5pts, we're set to open around 1684. Precious metals are slightly higher. Most notable, Oil, +0.7%, making a play for the $109s this morning. Today is opex, with mid-sized QE-pomo of $3bn


sp'60min


Summary

Are the bears going to get overly excited at the opening declines? Probably.

Baring a daily close <1670, the primary trend will remain intact.
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*Notable movers, after significant earnings misses

MSFT -7%
GOOG -3%

Well, its almost the weekend !