Tuesday, 16 June 2015

Pre-Market Brief

Good morning. Futures are moderately lower, sp -6pts, we're set to open at 2078. USD is again trying to bounce, +0.3% @ DXY 95.10s. Metals are weak, Gold -$3, with Silver -0.5%. Oil is +0.4%... around the $60 threshold.




Well.... things are already getting busy.... the Greek leader is bitching and whining about how everyone else is to blame for the Greeks failing to balance their budget.

Tspiras... blaming the world
notable early weakness: TWTR, -1.4% @ $34.25... looks headed for $30 this summer.

Meanwhile... someone managed to take a swipe at those who didn't already make a run for the exit door.

As for the market... price action will likely be increasingly choppy... as the market awaits the FOMC announcement tomorrow afternoon. Of course... the wild card will be sporadic Greek news headlines.

notable overnight weakness: China, -3.5% @ 4887.... if the world equity markets get even moderately upset this summer/early autumn, a very natural retrace would be to the 3400s.. and that would really shock the retail amateurs.
Have a good Tuesday

9.20am.. commodities under pressure... although USD remains u/c from earlier...

Gold -$7... with Oil swinging from +0.4%.. to -0.3%

9.36am.. failed opening for the bears... black-fail candle on the VIX.....   reversal candles all over the place.

*I have eyes on INTC.. as a viable short tomorrow afternoon.... there is no hurry  on that one.

9.40am... a clear short-stop cascade underway... bears on the run....  Looks like we'll see upside into tomorrow afternoon....

yours.. trying to be patient.