Thursday, 20 November 2014

Pre-Market Brief

Good morning. Futures are moderately lower, sp -7pts, we're set to open at 2041. Precious metals are bouncing, Gold +$5, whilst Oil is a touch higher, +0.2%. Important day for the equity bears... first break target is the daily 10MA of sp'2039/40

sp'daily3 - fib levels


Lot of data this morning to be mindful of....

notable early movers...

BABA -0.8% @ $108.... headed for $100
GDX +1.6%... due to the Gold bounce

Update from Mr Permabull...

Have a good Thursday!

9.01am.. sp -10pts... we're set to FINALLY break the daily 10MA at the open... so... bears have a very likely important technical break to start the day.

First soft target is sp'2000... but even I'd note.. that seems highly unlikely until early next week.