Thursday 27 December 2012

Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open around sp'1421. Again, its minor upside, and it will be important for the bears to make a challenge of the sp'1413 low by the close of today.


sp'60min



sp'daily5


Summary

Certainly, I want to see a break <1413 sometime tomorrow, and trading <1400 at least 'briefly' sometime during Friday trading

A key event will be VIX breaking the 20 threshold. That is indeed what the those seeking much lower levels should be seeking.

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*please note, updates will be sporadic, whilst my main net is also 'sporadic'.

One stinking week until some engineer is (once again) scheduled to fix it. I am clearly, cursed by the gods.