Tuesday 5 November 2013

Pre-Market Brief

Good morning. Futures are moderately lower, sp -5pts, we're set to open around 1762. Metals are a touch higher, whilst Oil is flat. Equity bears have their best chance until early Wednesday of a move down to the sp'1735/30 zone.


sp'60min


Summary

So..we're set to actually open a little lower!

Equity bears really do have a reasonable chance of a down wave into tomorrow. Arguably, bears need to break into the 1750s by late morning to have any chance of a Tuesday close in 1740s..which would make the 1730s viable for tomorrow.

With no sig' QE today...lets see what the bears can muster.
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Video updafe from Mr Permabull...



Looks like Oscar is seeking Trans 7300s, which I am too. Maybe we'll see a multi-week rollover from there...certainly no later than mid December.

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Notable early movers: TSLA, +$4 @ 179. , earnings at the close (really, I think so...today)

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9.03am.. sp -8pts...so we're set to open in the 1750s...!

This at least makes for some interesting action..after yesterdays boredom.