Monday 5 May 2014

Pre-Market Brief

Good morning. Futures are moderately lower, sp -7pts, we're set to open around 1874. Metals are higher, Gold +$10, with Silver +0.8%. Equity bears need to break <sp'1850 to have any real hope that the broader up trend is breaking.


sp'daily5


Summary

There is little to add.

As many recognise, a minor pull back to the 1875/60 zone would do nothing to break the broader up trend. Will today be much like last Monday?  Probably.
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Have a good week!