OVERNIGHT AND LEADS: PROS: CONS: Industrial Metals: Way down....

OVERNIGHT AND LEADS:

PROS:

CONS:
Industrial Metals: Way down.
Transports: Moderately down.
Banks: Well down.
US indices: Mildly down.
Euro Stoxx: Well down, largely due to FTSE and election trigger.
Oil: Moderately down.
Gold: Mildly down.

AMBIGUOUS:
XJO: Long-term trend is up, but it’s has been retracing.
Iron Ore: Flat (after recent dives).

WATCHING: News, futures, charts. Note that there is some company reports in the US this week.

TODAY'S STRATEGY: Cons outnumber pros (no pros). CFDs are down 0.6%, which feels about right. Some decent falls recently, and overnight news factored in already, so I'll wait for a reversal after a move unless it moves steadily. Favouring the short side at some point. Maybe we'll get a retest of 5720 and 5680 soon. EMA support around 5750.