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Stocks rock to start the week

The S&P500 and NASDAQ have moved to new all time highs on Monday on hope about a Covid-19 vaccine.  The S&P500 is now above 3,400 so watch for this recent Resistance level to become potential Support. The DXY and most Forex pairs I monitor are little changed though.

 

Data: Watch today with US CB Consumer Confidence, New Home Sales and Richmond Manufacturing Index data.

 

Earnings: a couple of big retail names report today so watch for any impact on overall market sentiment:

 

DXY 4hr: note the revised wedge trend lines and the low momentum:

 

Trend line breakouts:

S&P500 4hr: a 30 point b/o above 3,400:

 

ASX-200 4hr: moving higher so I'd expect a test of the 6,200 level:

 

Other markets:

Gold 4hr: little changed, as are most of the FX pairs I monitor: