Wednesday, 24 September 2014

Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open at 1984. Next key support is the 1980/78 zone. With the USD +0.15%, the metals remain generally weak, Gold -$2, with Silver -0.7%.



Little to add. The sp'2000s look out of range today, it will likely take the best part of 2-3 days to claw back above the giant threshold.

There remains a very valid VIX gap in the 15s... which would make for a very natural top.

So...even if we open a little higher, a brief drop to the recent low of 1978 would probably equate to VIX 15s.

Hunter with Ms. Prins on the bankers.

Kinda interesting, especially for fans of Nomi

Have a good Wednesday