This morning we've had a pair of weak economic numbers, continued dismal mortgage purchase application data as well as weaker than expected retail sales for December. Stock indexes were soft before the numbes and more soft afterwards. There should be support in the sp's around 840 and near term resistance in the mid 860's.
The dollar looks like it can build on yesterday's strength. Gold held up well yesterday in the face of the dollars rally but I don't see both rallying together for any sustained period.
The 10 yrs are up but I don't expect to sell them today as the daily numbers will shift higher if the early gains are maintained.
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