The Dow closed up on Friday, but not by much, kinda puts us in a moment of pause as we wait this week to see are we still going to rally to new highs or are the shorts finally coming in hard to drive the market lower? I think its anyones guess right now, but I believe this week will see for sure what's the final ruling.
I'm looking for Gold to head lower, the dollar to continue and head higher as with equities.
Look for some retracement in bonds but the majority of the move I believe is still looking downward.
The Dow looks to hit some resistance opening on Tuesday but if it can break through its off to the races with it moving higher, bonds typically moving lower.
Have a great trading week, and be careful out there!
-david
