Friday, 6 June 2014

Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open around 1942. Precious metals are similarly higher, Gold +$2. Equity bulls look set to end the week in full control of the market.      



*monthly jobs: 217k net gains, headline rate, 6.3%

Arguably, it is a Goldilocks number.

8.35am.. sp +4pts... 1944/'re in the zone I was noting yesterday, as a valid day-trade short...hmmm seems likely to open with moderate gains..somewhere in the 1945/50 zone.

As things are, I still suspect a reversal, but I  have little interest in trading it. The setup is good - from a cyclical perspective, momentum is so bullish.

*notable early weakness,  BTU, -1.8%.