Wednesday 18 June 2014

Pre-Market Brief

Good morning. Futures are effectively flat, we're set to open around 1942. Metals are a little higher, Gold +$3, whilst Oil is +0.2%. Equities look set for the sp'1950s today, whether we see new highs.. that is somewhat difficult to say.


sp'60min


Summary

So.. here we are.. another fed day, with QE set to be reduced to $35bn a month. What the market will more likely focus on is what Yellen has to say in the afternoon press conference (around 2.30pm). Will she inspire confidence, or will she say something stupid about interest rate increases?


*maybe its just me, but stockcharts appears to be down... again.
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Video from Hunter, with a dollar doomer...



I disagree with the basic premise, but hey..listening to nonsense we object to. can be useful, if only to solidify our original view...right?

Good wishes for Wednesday trading


9.16am.. .stockcharts is BACK up!..    they were installing the lost data from last week.