Pre-Market Brief

Good morning. Futures are moderately higher, sp +6pts, we're set to open at 1863. Metals are a touch higher, Gold +$2. Equity bulls need to break over the Monday high of 1873. First key target zone for the bears remains 1845/35.


sp'daily5

Summary

*first econ-data of the day, case-shiller HPI, due at 9am.
--

So..we're set to open a little higher, but i'd refer any equity bull who is getting overly excited to the past two trading days..both saw significant reversals.

With no sig' QE until early Wednesday, the bears really need to make good use of today.


9.04am.. sp +8pts, that takes us to 1865.

Equity bears really need to hold <1870....or the talk will start to shift of new highs again.
-


9.42am.. VIX attempting an opening reversal, but really, -6% ?