Thursday, 26 March 2015

Pre-Market Brief

Good morning. Futures are moderately lower, sp -7pts, we're set to open at 2054. With the USD remaining weak, Gold is +$7, with Oil +2.5%. 



*yeah... I overslept.

So... we're set for some follow downside through from yesterday.. .and headed for at least 2040... perhaps today.

Things get 'real interesting' though if we get to 2020/10 though, but that looks out of range until early next week.

Update from Oscar

Have a great day!

*jobless claims 282k... another 'reasonable' number.

Notable weakness, STX -2.5%

9.34am. Trans takes out the 200dma... first time since mid October.

9.37am... Opening black-fail candle on the VIX... a reversal could be underway...

However.. with a CLEAR break of 2060...  we still look set for 2040... given another day or two.

9.40am.. VIX black candle holding from resistance of 16.75 (chart coming up..)

Overall, an interesting open, but clearly.. an intraday bounce looks due... probably to 2060s...