Pre-Market Brief

Good morning. Futures are moderately lower, sp -8pts, we're set to open at 2050. Metals are flat. Oil remains in collapse mode, -2.8%, the $50 threshold looks set to be broken in the immediate term. Nat' gas is showing strength on cold US weather, +6.3%. USD continues to climb, +0.6% @ 91.60.


sp'daily5

Summary

So.. some weakness to start the first full trading week of 2015. Hmm.

The 50dma - which will be around sp'2040 this morning, is set to be tested. Even if that fails to hold, there is the giant 2000 threshold, along with the pre-FOMC low of 1972.

Broadly... market still looks set to climb into the spring.
--

Notable weakness, oil/gas drillers, RIG -2.3%, SDRL -6.4%
-

Good wishes for the week ahead!