Wednesday 31 December 2014

Pre-Market Brief

Good morning. Futures are moderately higher, sp +5pts, we're set to open at 2085. Metals are weak, Gold -$5. Oil has broken new cycle lows, -1.3%.. set for the $50 threshold in January... and probably $45/35 before flooring.


sp'monthly


Summary

*I'll start the last day of the year.. with a giant monthly chart.. to highlight the year.
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It has been another crazy year. Bears have been teased a few times... but without question.. a SIXTH year for the bull maniacs.

The sp'500 has only seen 3 net monthly declines this year... and only the January decline even rated as 'borderline significant'.

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awaiting jobs data and Chicago PMI