Please enable javascript in your browser to view this site!

Dollar challenging resistance as Futures show minor weakness

gm-  Trend remains bullish despite minor weakness in carryover from Friday- Look to buy dips- 2280, 2274-5- with expectations of a move back to 2300 and likely 2315-20 before peak-   Heading into a week with meetings in FOMC, BOE, BOJ and earnings from AAPL, FB and AMZN, we see fractional losses in US Futures to start the week, though nothing too serious technically either in US, or Europe- bond yields heading higher in Europe, most notably Italy, Portugal with breakouts while US Dollar index turning up more sharply and threatening to breakout of the entire downtrend from early January-  Euro and Pound Sterling have violated trend from January and both look to move lower.. Not much movement today out of either WTI, nor Gold, but on serious signs of Dollar strength, this could prove to be bearish for both-  Premkt movers for Mon-  DHT, XXIA, CRNT, BANC, DKS while on downside-FTI, SCSS, FIT, TPX, RGLS, OCRX-  Let me know if you have questions