Pre-Market Brief

Good morning. Futures are moderately higher, sp +9pts, we're set to open at 1942. Equity bulls just need to break through 1944, and that should then lead to the 1950/55 zone. Metals are weak, Gold -$2.


sp'60min

Summary

So.. we're set to open close to the Monday high, and considering the smaller 15/60min cycles, we'll likely break through 1944.. and keep on climbing into the afternoon.

How the market copes with the 50 day MA at 1955.. that is the big unknown.
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*I am long, and am seeking an exit today..in the 1950/55 zone. I do not particularly wish to hold overnight into Thursday, with German GDP due tomorrow morning.
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Hunter with the dollar doomer... Schiff



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Notable early strength: F, +1.6%, DRYS +1.3%

I would look for particular strength in the Transports today, as it will likely break through the 50 day MA.

Good wishes for Wednesday trading :)



9.09am... sp +6pts... 1939.

Notable mover: Macys (M) -4%.. on earnings miss.