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Dollar Breaking out, while S&P's near-term Triangle range continues

2 hrs to go, still a very choppy market- After 3 days of gains, SPX is still nowhere near levels that would argue for immediate upside back to the highs and into expiration, it still looks right to sell into this move, thinking weakness is likely into next week.  Financials and healthcare showing mild gains while Telecom down nearly 2% and Industrials slipping with outsized Transport weakness and XLI back to mult-day lows, with 56.50 area as support being very important-   Key move for today centers around the US Dollar index breakout above the highs of the last 8 days back to new multi-month highs-  This should prove negative for EM and commodities with precious metlas likely to revisit recent lows in the days ahead- Breadth right now is about 3/2 negative but with more volume into Advancing vs Declining issues..  Leading stocks today : AXP, SNA, VAR, MAT, FMC, DHR, URI, WBA, BK, TXT all higher by more than 4% while on the downside- EBAY, ADS, UNP, TRV, PHM, TSCO all lower by 4%.   S&P futures have important downside area at 2126 that can't afford to be broken at this point without violating the trend from 10/13 lows and would likely result in a retest into next week-  2145 remains importnat on the upside

 

US Dollar index making a noticeably Bullish move today

US Dollar index making a noticeably Bullish move today