Friday, 24 October 2014

Pre-Market Brief

Good morning. Futures have largely recovered from overnight lows, and are set to open just a touch lower, sp -1pt @ 1949. Metals are flat, whilst Oil is -0.7%. Nat' gas remains especially weak, -1.6%.

sp'daily5b - last line


So.. a little Ebola scare overnight in NYC, but still the market manages to stay effectively flat.

All things considered, market will probably see chop for the next 4 days, into the FOMC of Wednesday afternoon.

Notable weakness: AMZN, -10.3% @ $280, having taken out the May low of $284. after an earnings miss.

DRYS -23% @ $1.54, after a new share offering is announced.

Doom chatter from Hunter.. to wrap up the week

Thank the gods, its almost the weekend