Pre-Market Brief

Good morning. Futures are a touch higher, sp 1pt, we're set to open around 1957. The sp'1960s look highly likely this morning. With sig' QE of $2-3bn the equity bulls have everything in their favour, into tomorrow's quad-opex. Metals are strong, Gold +$12.


sp'60min

Summary

So...post Fed day, and indexes are set to climb a little higher. There may well be a minor down cycle later in the day, not that it will matter.

As things are, I'm looking for a Friday close in the 1960/65 zone, with the 1970s early next week..and then 2-3% lower.


Notable strength..

With precious metals on the rise, the miner ETF of GDX is already +1.5%
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Video update from Carboni



Naturally Oscar is bullish, but then...so am I..at least for a few more days.
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*as for me...I will merely be seeking to offload CHK and WFM into the Friday close...hopefully one, or both will rally somewhat in the remainder of the week.

Good wishes for Thursday trading.