S&P E-mini Futures:
Down in yet more choppy trade.
Markets:
Asia and Europe mixed.
Mood:
Reuters: "United won't use police to remove overbooked passengers" -CEO
Someone needs a crash course in PR training.
FX:
Yet another quiet day except for NZD notably weaker. Slight strength in CHF & JPY.
Treasuries:
We have a winner. 30s beat the rest of the curve above the April 7th swing point while 2s have the most work to do. That's a flattening yield curve.
Energy:
WTI crude continuing its rally along with NG.
Metals:
Gold closed above Friday's 1273.30 swing point but is slowing its ascent along with silver, while platinum, palladium, and copper are down.
S&P Outlook:
SPX and NDX tested the 2340 and 5380 areas mentioned last Friday. Long XIV with a stop at 63.52.
The onus is on the bulls now for a rally above 2366.37 and 5442.71.
2322.25 and 5316.02 must hold for this scenario. If the rally fizzles, these are likely immediate targets.
Possible pre-holiday positive bias. (Markets closed on Good Friday.)
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