Please enable javascript in your browser to view this site!

Equities holding firm as Dollar, Treasury yield gains continue

US Equity futures holding minor gains , while most of Europe down about 0.50% as UBS weighing on financials.. yet Europe still stands to finish week up above 1%.  US Dollar strength continuing this am with sharp rally in USDJPY and to a lesser extent.. Pound sterling-  Yields also pressing higher, so combination of stronger Dollar and Yields is typically weak for Precious metals.. and Gold now set to drop for 4th straight day the longest run since last October- Range to concentrate on for US equities is 2289.75 on downside and 2297 on upside.  Ability to get above highs or below lows will result in followthrough, with a decidedly upside bias and expectation that S&P moves back over 2300 into next week-Earnings this am out of CVX, APD, HON, CL, GD, AAL, ABBV, and seeing strength /premkt gains in PLX, WYNN, VMW, CRR, and MSFT while on downside-   SBUX, GOOGL, CL, ATHX, and HON-  Let me know if you have any questions