Thursday, 24 July 2014

Pre-Market Brief

Good morning. Futures are moderately higher, sp +3pts, we're set to open at a new historic high of 1990. Metals are a little weak, Gold -$6. With sig' QE of $3bn today, equity bulls have everything on their side.


Summary come the 1990s.. with the giant 2000 level due next week. Weekly charts will actually be offering the 2020s next week, although daily cycle will be restrictive to 2000/2005.

Update from Carboni


Notable early movers - post earnings

FB +9% in the $77s... yeah...9%,
T -1.5%
QCOM  -4.9%

I will note, I am a major fan of QCOM, its results were good (on first look)... should be fine in the mid term.

Good wishes for Thursday trading.


9.23am... Notable strength in the airlines, UAL +6.5%....

Sp' set for the 1990s... R2K has a fair chance at the 1170s by the close. 

9.45am.. A great many sig' price moves this morning...hard to know where to start.

R2K battling for the mid 1160s...momentum looks fine.