Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open around 1680. Metals are flat, whilst Oil is around 1% higher. USD is +0.2%, but still below the big 80 threshold. Equity bears should be seeking a weekly close in the 1660/50s, on continued market concern of the debt ceiling.


sp'60min

Summary

So we're set to open a bit higher, but a return into the 1690s looks very unlikely today.

There would seem little reason why the market will end the week on an upbeat note.

The obvious question is why would anyone want to hold long across the weekend?
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We have an interesting day ahead..lets see if we can break into the 1660s later today, which would really start to spook the bulls.

*key levels to watch on the dow ...  14760...and 14400, although the latter looks highly unlikely, even if nothing is resolved on Capitol Hill for another week.