Friday, 7 March 2014

Pre-Market Brief

Good morning. Futures are a touch higher (ahead of the jobs data), sp +2pts, we're set to open at 1879. Metals are flat. Equity bulls have had a very strong week - considering the scare on Monday about the Ukraine. Any close in the 1870s would be impressive.



*awaiting the jobs data...

175k net gains, with 6.7% headline rate     vs 150k, 6.6% expected.

Indexes jumped 0.5%.... sp +8pts.... 1885... new historic (pre-market) high

So...its the old 'better than expected'..and market rallies.

8.42am.. sp +10pts..we're set to open @ 1887....the 1890s are coming by 11am..

9.33am.. Transports breaks a new historic high.

Metals are getting the hammer, Gold -$19, Silver -2.8%.....after all, who needs a 'relic' in the new economy?

*Cramer is in particularly hyper mood this morning, bashing the bears.

9.35am..  black candles appearing all over the' the indexes..

opening gains...failing.


Look at that spike. There looks to be a chance we'll flip the low 1770s.

9.41am... sure feels...a bit choppy..but..clearly..there is no sig' downside pressure. Looks like the opening brief spike...almost immediately recovered.

The consistant action remains in the metals, with Silver now 3% lower!