Pre-Market Brief

Good morning. Futures are a little higher, sp +3pts, we're set to open at 2107. USD is again somewhat weak, -0.4% in the 96.60s. Metals are a little higher, Gold +$2. Oil is battling higher, +0.9%... but looks vulnerable with the next inventories due tomorrow.


sp'60min

Summary

*awaiting CPI data
--

So... now its a case of whether we break new highs...  >sp'2119, or remain stuck... and roll lower.

Best guess remains... broadly higher. Seasonally speaking, equity bears have very little realistic opportunity until late April/early May.
--

Notable early gains, CHK +3.5%, weekly

...after its known that Icahn has picked up another 7 million shares... taking his holding to around 70 million.
-

Have a good Tuesday