sp'daily5
Summary
Not surprisingly, futures did indeed turn around overnight
The first few days of this week will likely be about solidifying a floor around sp'1904, and then climbing into late October.
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Notable early movers, SDRL +5.5%, RIG +1.7%
DRYS -3.2% in the $1.80s...
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Good wishes for the week ahead
8.44am... indexes turning green ,sp +2pts... 1908..... but still., a few days of chop in the 1910/1890 range seem likely.
Notable weakness in Oil, -1.0%
9.01am.. It would seem DRYS is -9%, on news it has cancelled a bond auction..so... now there will be questions about whether it has the capital/cash it needs to keep operating.