sp'60min
Summary
*awaiting the jobs data... due at 8.30am.
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Suffice to add.. if we can break under 2040 in early morning... that will open the door to a weekly close in the 2020s.
... and any such close would give initial clarity/confidence that 2111 is a key mid term high.
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Update from Mr C.
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Overnight action
Japan: -0.2% @ 16106
China: ending the week badly, -2.8% 2913
Germany: currently -0.8% @ 9770
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Have a good Friday... back shortly... for the jobs data.
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8.31am... Net job gains: 160k, headline jobless rate: 5.0%
sp -11pts.. .2039.... we have a provisional break through...
Metals catching a fear bid, Gold +$10.
..notable weakness.. financials.. BAC -1.8%.. as threat of a rate hike drops even further.
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GPRO -9% @ $9.70.... a real mess... after earnings.-
8.43am.. sp -13pts... 2037..... . taking the first of two soft lows of 2039/33.
A break into the 2020s by 11am would be useful.. and open up a test of the 200dma (2012/11) for the weekly close.
Pre-market VIX.. +3% in the 16.40s.... equity bears need to see 17.20s.. if not 18s today.
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8.47am.. with Gold +$11... the miners are naturally on the climb, GDX +2.0%.
9.11am.. sp -9pts... 2041.... Hmmmm
The Cramer seems moderately twitchy.. even talking about 'the overstretched rally from 1810'.
Ohh.. so now we're on the high side huh?