Pre-Market Brief

Good morning. Futures are a little higher, sp +4pts, we're set to open at 2126... a mere 8pts shy of a new historic high. USD is on the rise, +0.9% in the DXY 95.20s. Metals are naturally weak, Gold -$4. Oil is similarly under $ pressure, -0.3%.. battling to hold the $60 threshold.


sp'daily5

Summary

*awaiting a wheel barrow of econ-data this morning...
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So... we're set for early gains.. as the market continues to believe 'all is well' in SE Europe. Yeah.. sure it is. No bank runs... and absolutely no chance the Greeks would default. They are good for their debts... like the Lannisters, right?

Equity bears should be seeking a break of the wedge... by the close of today.. that will only need a move <sp'2115.. .a mere 7pts lower.

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Update from Oscar


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Overnight action: China saw another crazy volatile session, swinging from a low of 4264, but settling +2.2% @ 4576. Broadly, the Shanghai comp' still looks on track for the 3400s... that would be a very natural retrace of the hyper ramp from May 2014.
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Have a good Tuesday.
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8.31am. Durable goods orders, -1.8%... not so pretty.  Ex-trains, +0.5%.. inline.... still.. not particularly great.

Market levels remain as earlier.