Please enable javascript in your browser to view this site!

Developed markets broke out vs Emerging following US Dollar strength

gm-  Index futures are showing very little change in US and minor weakness globally after 6 straight UP weeks for the DJIA and 9 more trading days left for 2016- While near-term momentum has waned a bit on this slowdown, it still looks likely that equities can push higher into year end before any serious stalling out/reversal-   Iron ore futures down 4% and Metals weakness with Steel, along with Copper being down 1.5%, while Precious metals at this time still positive-  Some minor weakness in US Dollar vs Yen but largely unchd this am, while both Crude and Gold showing fractional gains-  Bonds showing some moderate strength around the globe, with Bund yields down to 30 bps, testing key trendline support, but overall a pretty quiet morning-  Markit US Services & Composite PMI data out at 9:45 this am, while Yellen speaks at 1:15 on "state of the job market"-   Key levels for S&P traders- 2249 and then 2243 on the downside, while 22264, 2279 as resistance for gains-  Early strength in AWH, BCLI, MITL while JAKK, GNMX lower-  Let me know if I can answer any questions