Friday, 20 December 2013

Pre-Market Brief

Good morning. Futures are a touch higher, sp +3pts, we're set to open at 1812. Metals are similarly higher, with Gold +$2. Today will see the last significant QE of the year, and equity bulls should be seeking at least a moderately positive close, if not the 1820s.



Well, its almost the weekend :)

It does look like we'll see at least some further gains into the weekly close. There is a clear F flag on the index hourly charts, and with the QE today...I just can't see bears having any opportunity to knock this market lower.

*It is Quad opex a lot of chop..especially in the late afternoon.

9.35am... new historic high for the sp in the 1814s.