Thursday 28 August 2014

Pre-Market Brief

Good morning. Futures are moderately lower, sp -7pts, we're set to open at @ 1993. Metals are strongly higher, Gold +$14, with Silver +1.6%.


sp'60min


Summary

*GDP (second reading): 4.2%... a somewhat surprising upward revision from the initial 4.0%.
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Hourly bull flag.. set to fail at the open.

If the market does sell lower, then we've two clear gaps lower down, although the second one @ 1958 is a relatively long way down.

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Video update from Carboni


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Good wishes for Thursday
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9.48am... hmm...clear break of the up trend.... sp'1992... but still, we're only talking -0.4%..barely rates as 'moderate'.