First Call May 17, 2021

May 17, 2021 | First Call

  • S&P futures down 0.4% and Nasdaq futures are down 0.5% in Monday morning trading after US equities finished lower last week with the Dow and S&P both down over 1% and the Nasdaq and Russell both down over 2%.
  • Treasuries are little changed.
  • Dollar slightly weaker vs yen and euro. US Dollar Index with a new DeMark Sequential buy Countdown 13 today
  • Gold up 0.6%.
  • Bitcoin futures off ~10% over the weekend thanks to Elon Musk tweets - several charts on today's note
  • WTI crude down 0.3%.