Pre-Market Brief

Good morning. Futures are moderately higher, sp +6pts, we're set to open around 1969. Precious metals are higher, Gold +$4. Mr Market will be quietly waiting for the FOMC minutes - due at 2pm, for an excuse to climb across the remainder of the week.


sp'60min

Summary

So... the day after the 'horror show' of Brazil/Germany, and Mr Market looks set to at least open somewhat higher.

I find it hard to imagine we'll break the 1959 low, and if the algo-bots like what they read in the fed press release, then a daily close in the 1970s looks very probable - setting up the 1990/2000s for next week.
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*I will be keeping a close eye on the airlines today, they were leading the reversal yesterday.

Pre-market, DAL and UAL are both already +2.3%


9.34am... and here we are.. back in the 1970s. Airline stocks...flying....lead by AA.