Pre-Market Brief

Good morning. Futures are moderately higher, sp +4pts, we're set to open at 1990. Metals are sharply lower, Gold -$15. Oil is weak, -0.5%. Near term price momentum continues to swing in favour of the bulls.. with broad equity upside into September.


sp'60min

Summary

*awaiting an array of econ-data this morning.
--

So.. we're set to break a new historic high in the sp' this morning. Trans/Dow look likely to follow within days.

Equity bears should keep in mind there is QE-pomo of $1.5/2.0bn today.

Good wishes for Thursday trading!