Pre-Market Brief

Good morning. Futures are a little lower, sp -3pts, we're set to open at 1706. Precious metals are similarly lower, Gold -$2. Equity bulls should be looking to hold the big psy level of sp'1700 this morning, and battle higher into the 1720s within the next few days.


sp'60min

Summary

So..opening declines, but its nothing dramatic, and unless the bears can break this market..and close it sub 1700s today/tomorrow, there is little reason to expect the mid-term trend has changed.

Considering the amount of QE this week, the Merkel victory, and underlying bullish sentiment, the market has a very significant chance of breaking into the 1730s later in the week.

Notable early mover: AAPL, +$15, 3%.


9.03m... AAPL now +$30 (6%) at $497.   Hmm,  I've no idea why that is.