sp'60min
VIX'60min
Summary
*awaiting the jobs data at 8.30am
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The technical setup favours the equity bears today. Hourly charts offer sp'2040/35, with VIX 15s. Clearly, that is nothing particularly exciting, but its better than trading >2081.
The market is due a retrace, and today would make for a valid excuse, regardless of what the actual jobs number might turn out to be.
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notable early mover: TSLA +6% @ $245.. as a new model is released.
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Final update from Mr C.
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Now here is a product I can issue a BUY recommendation on...
Bullish water. HBW is listed on the .GoT exchange in Iceland.
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Overnight action
Japan: -3.5% @ 16164
China: latter day recovery (PBOC ?), +0.2% @ 3009
Germany: currently -2.0% @ 9766.... the 10K threshold is starting to fade away.
Have a good Friday.
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8.31am. Net jobs gains: 215k, headline rate: 5.0%.
sp -5pts... 2053
Overall, the number could be considered 'goldilocks'... but the market chatter will likely increase about a rate hike... and that will be a downward pressure on equities.. at least in the short term.
8.52am.. sp -10pts.... 2049.
notable weakness... Gold -$12.... miners.. GDX -2.1%.
Hmm.... bearish start to the month :)
9.05am... sp -13pts... 2046... . oh noes..... is it time for QE4 yet?