Friday, 20 March 2015

Pre-Market Brief

Futures are moderately higher, sp +11pts, we're set to open at 2100. Metals are seeing a minor bounce, Gold +$5. Oil remains weak, -0.2%. USD is resuming lower, -0.6% @ 98.60.


sp'daily5



sp'weekly7


Summary

Clearly, a week for the bulls. Target for next week/early April will be the upper daily/weekly bollinger in the sp'2120/30 zone. That will be a mere 1% or so higher by the close of today.

Notable early strength: oil/gas drillers, RIG +1.2%

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Doomer chatter from Hunter



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Have a good day... if you can.