Thursday 26 December 2013

Pre-Market Brief

Good morning. Futures are moderately higher, sp +4pts, we're set to open around 1837. Precious metals are similarly higher, with Gold +$5, and Silver 1.2%. Market looks set to broadly rally into the new year, with the monthly charts offering 1875/1900 by late January.


sp'weekly8


Summary

*jobless claims: 338k, not exactly great, but not bad either.
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Well..here we are again!

There would seem little reason why we won't close this week somewhere in the 1835/45 zone, which would certainly make for another important weekly gain.

What will be far more interesting is the opening price action in early 2014. Will the market manage a further wave higher..even to the 1900s?
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Notable early movers: DRYS +2%, TSLA/TWTR +3%


9.38am.. look at those shippers fly!

sp'1838...the 1860/70s coming in January..no doubt.