Monday Morning Update

The sp is going to open lower but near daily support in the upper 840's. The very early trade may be to sell mid to upper 850's but only for day trades. Later it may develop where this is a longer term buy.

The dollar is adding to Friday's advance and I still look for 87.60.

Crude is breaking down. If we get a bounce to 50.50 (June) it's a sale that could develop into a larger, longer term position.

Gold is up but not convincingly yet. I'd give it some time to see further strength but it most likely will be an opportunity to sell.

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