Thursday 23 April 2015

Pre-Market Brief

Good morning. Futures are moderately lower, sp -6pts, we're set to open at 2101. Metals are seeing a minor bounce, Gold +$2. Oil is fractionally higher, +0.1%.. and set to climb to the $60 threshold.


sp'daily5


WTIC, weekly'2


Summary

*Oil is net lower on the week, but the weekly cycle is pretty clear... trend remains bullish, and the $60s look due.
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So, equities are set to open a little lower, but as ever, there is little reason why we won't see things turn higher into the afternoon. New historic highs look highly probable in the immediate term.

notable weakness, INTC -1.5%... struggling a little since earnings, but should be able to battle higher.. soon.

strength: EBAY +4.7%.. after what were very good earnings.

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Update from Oscar



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Have a good Thursday
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9.37am... I EXITED TWTR-long.. from $51.95... fractional gain... and a tedious trade....  oh well.

Eyes on Oil, but I ain't much interested in chasing the opening gap higher.


9.39am.. TWTR plunging like a rock... 52.20s to 51.50s in a matter of minutes.

I'll consider picking it up for earnings next Tuesday... maybe it'll cool to $50 again.