Friday 22 April 2016

Pre-Market Brief

Good morning. US equity futures are a little weak, sp -3pts, we're set to open at 2088. USD is +0.3% in the DXY 94.90. Metals are mixed, Gold -$3, whilst Silver is +1.2%. Oil is -0.4% in the $43s.


sp'60min


Summary

Further weakness (if choppy) seems probable today... with a move into the sp'2070s.

A fill of the 2065/61 gap zone looks more viable next Monday.
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early movers...

MSFT  -5.2%
GOOGL  -4.8%
SBUX  -3.5%
CAT -2.4%

Earnings sure aren't coming in so great.
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Overnight action:

Japan: late day ramp, +1.2% @ 17572
China: late day recovery, +0.2% @ 2959
Germany: currently -0.4% @ 10390

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Have a good Friday