Daily Spot…

A daily summary of high-profile members of several complexes… View a more detailed discussion of each chart at the end of today’s Market Wrap.

Eurodollar Mar Contract (EC, ETF: (FXE, UUP))
Monday’s open exploited the pattern’s vulnerability to plunging by gapping down after having trended down overnight. Gaps are leaving “unfinished business above” outstanding, and inihbiting the decline from extending much first..

Gold Apr Contract (GC, ETF: (GLD))
Falling Sunday night back under 1222.50 without recovering Monday is signaling the rally’s momentum has lapsed. Closing under 1216.50, too, would likely target 1195.00. Closing back above 1222.50 would resume the rally to 1942.00 and 1949.

Silver Mar Contract (SI, ETF: (SLV))
Gapping down Monday keeps alive potential for recovering to rtest last week’s high around 15.25.

30-year Treasury Mar Contract (US, ETF: (TLT))
Only a suspicious shallow dip accompanied stock futures soaring overnight. The weakness is suspicious because it almost qualifies as relative outperformance NOT during a filght-to quality.

Crude Oil Apr Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Overnight strength depesited Monday’s open more than $2 higher. It did not extend any higher intraday, which shouldn’t be productive anyway if a retst of the lows remains in-play.

Natural Gas Mar Contract (NG, ETF: (UNG, UNL))
.No new strength Monday prevented the pattern from trending.At least another morning would be required.