Tuesday 9 September 2014

Pre-Market Brief

Good morning. Equity futures are unchanged, we're set to open at sp'2001. Metals and Oil are similarly flat. Hourly cycles are offering some upside for the bulls, with a likely daily close in the sp'2000s.


sp'weekly8


Summary

*it is notable that we do have a blue candle on the weekly 'rainbow' chart, but still.. that will flip back to green around 2003.
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So.. things are set to open flat, and other than the AAPL announcement today (12pm EST?).. i don't expect much.

Hourly equity cycles are offering a wave higher today.. a daily close in the 2005/10 zone looks...probable.
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Good wishes for what will likely be a sleepy Tuesday!


9.34am opening weakness... we'll level out soon enough... and close net higher. This type of price action is pretty damn reliable.

Notable weakness: SDRL -1.3%.