Monday 16 June 2014

Pre-Market Brief

Good morning. Futures are moderately lower, sp -4pts, we're set to open at 1932. Precious metals are a little higher, Gold +$5, whilst Oil is similarly higher, +0.3%. With sig' QE today, equity bulls should manage a net daily gain.


sp'60min


Summary

So..we're set to open lower, but the recent low of 1925 is still comfortably holding.

With the QE this morning, I'd be surprised if we break last weeks low, and indeed, I am seeking net daily gains by the close.

An interesting day...but more so.. week ahead!
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Weekend video update from sp500chart.com



The 1990s I'd agree... just about viable by mid July.
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Have a good week everyone!