Pre-Market Brief

Good morning. Futures are moderately lower, sp -5pts, we're set to open at 1967, just 3pts above the recent low. Metals are bouncing a little, Gold +$5.Equity bears have a chance of hitting the 100 day MA (1957) on a break of 1964.


sp'daily5

Summary

*ADP jobs: 213k, a little above expectations.
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So, we're set to open a little lower, and there is a valid chance of a break this morning. Still, considering the recent fail across Mon/Tuesday, I really don't expect anything much more for the bears.

At best, maybe the 1950s... but we'll likely see a strong ramp from there.... not least with the Friday jobs data.
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Update from Mr C.


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Good wishes for Wednesday!
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9.12am  sp -3pts... set to open at 1969....

Notable weakness, airlines, DAL and UAL both -2.5%


9.37am... Slipping lower.... nothing too exciting..but 1950s look due... with VIX 17s.

*I will be looking to go long.... sometime today.... target is 1958


9.40am... stops getting hit....weaker bulls getting washed away..... 

9.50am.. Market testing the 100 dma @ sp'1958.... VIX 'only' +5%