Thursday, 12 February 2015

Pre-Market Brief

Good morning. Futures are moderately higher, sp +11pts, we're set to open at 2079, a mere 14pts shy of a new historic high. Metals are bouncing, Gold +$4. Oil is similarly in bounce mode, +1.7%, re-taking the $50 threshold.



*awaiting retail sales data at 8.30am

So, for the second consecutive day, we're set to be trading above old resistance of sp'2072.

A downside reversal from here would seem rather unlikely.... its another equity bear FAIL.

Notable early weakness: TSLA, -7% in the $196s, having a major earnings miss. The net cash outflows are an increasing concern, but it seems the CEO has no particular interest/care for turning consistent profits for another FIVE years.

Update from Oscar

Have a good Thursday