Pre-Market Brief

Good morning. Futures are strongly higher on comments by Putin, sp +17pts, we're set to open around 1862 - a mere 5pts shy of a new high. Metals are sharply lower, Gold -$17, Silver -1.2%. Oil is -1%, whilst Nat' gas is around 2% higher.


sp'60min

Summary

So...err..I guess some of you are wondering 'what the hell is this madness?'

Frankly...it appears the market is ramping on 'words of Putin'...as the mainstream believe he is soffening his approach to the Ukraine.

For those on short side..this is effectively a disaster, and we're a mere 5pts shy of breaking a new high.

Are you loving the day to day volatility yet?
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9.25am..well, lets see whether the gains will hold into late morning.

*yesterdays black candle on the VIX was indeed a warning to the bears. They are rarely to be dismissed.