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Yields, Dollar dropping while Gold strong; Short-term Equity trend arguably still down

Futures still largely unchanged but have moved into positive territory in the last 20 mins, while Treasuries continue to press higher, yields dropping 3 bps.. the US Dollar dropping and Gold higher.  Western Europe along with Hong Kong, Australia still closed today-  Most of todays early action dovetails to what was seen in the last week..  and could still put further pressure on Financials.. which have pulled back to near make-or-break levels-  Trend turned negative late last week and will need to recoup this loss to expect prices can begin any sort of meaningful rally.  For now, the combination of geopolitical tension coupled with Policy uncertainty and a very selective Tape has caused some minor concern.. but trend thus far has not weakened too substantially-  Overall, trend will be negative until 2332 can be reclaimed.. with 2345 near last Friday's highs also important.  On the downside.. very important support lies near late March lows 2317-9.. and is something to watch carefully on any weakness-  Over the next few days.  Favor UTILITIES with yields weak and look to buy into Energy.. while still avoiding financials until yields can stabilize a bit. Let me know if you have questions