Tuesday, 30 December 2014

Pre-Market Brief

Good morning. Futures are moderately lower, sp -6pts, we're set to open at 2084. Metals are rebounding, Gold +$15. Oil remains weak, -0.8%... having yesterday failed to hold the recent $53.60 floor.



So... a little lower, but like yesterday, there is ZERO reason why this will turn into anything significant. Market is still headed to the sp'2100s...and far beyond.

As ever... 'don't get lost in the minor noise'... and that sure applies to 2015.. as much as it has this year.

Notable early strength: GDX +2.0%, reacting to the early metals jump... but that looks unlikely to sustain itself for more than a day or two.

Have a good Tuesday!