Tuesday 20 January 2015

Pre-Market Brief

Good morning. Futures are moderately higher, sp +12pts, we're set to open at 2031. There will be stiff resistance in the sp'2040s - where the 50dma is lurking, but overall... market should see a positive week. Gold continues to climb, +$14. Energy remains very weak, Nat' gas -6.0%, whilst Oil -2.1%


sp'daily5


Summary

So... its Tuesday already.. a relatively quiet week (not counting corp' earnings)... the big action is Thursday.

The ECB had better not disappoint... and considering the SNB move last week, I'm certain they won't.

*I remain long via the R2K, and am in no hurry to exit.

--
Hunter with Ms. Prins.



Frankly, Nomi Prins makes me feel like a financial prophet. I honestly don't think she has much of a clue what she is talking about lately.

As ever though, it is often useful to hear those (not least the Gold promoters) spouting nonsense/wishful thinking.

*King O' has his State of the Union speech this evening at 9pm EST (I believe). If there is any night when you might think the Fed - via its 'bankster friends' might be buying the ES futures... tonight would be the one.
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Have a good 4 day week.