Wednesday 4 February 2015

Pre-Market Brief

Good morning. Futures are moderately lower, sp -7pts, we're set to open at 2043. Metals are bouncing, Gold +$5. Oil is cooling, -1.3%.


sp'daily5


Summary

*ADP jobs:  213k  vs 220k market exp'
-

So, we're set to open a little lower, but that is understandable after a 2 day swing of a pretty incredible 70pts.

There remains key resistance of sp'2064... if the bulls can break over that (not that there is a hurry)... then market looks set for new historic highs.

--
Update from Oscar...

-

--
Notable movers

GM, +3.5% on much stronger earnings, around 50% better than expected.
DIS, +4%, superb earnings
CMG -6.3%... earnings
WYNN -3.7%... huge rev' drop of 30% in Macau

TWTR, +2%... continuing to climb ahead of Thursday earnings

Good wishes for Wednesday