The Market On Monday

Very distressing news this morning with two female suicide bombers killing at least 37 people in Moscow. source This is just horrible. Suicide bombing is the worst atrocity. Humanity needs better. The people that are killed in these attacks are innocent, so nothing is gained. Nothing is addressed, no political situation is rectified.

At 7:30 futures are moderately up, oil is up over 70 cents per barrel, and the dollar is down against the euro and the yen. Once again the elements are in place for a boost to the market at the opening bell. After that its a crap shoot especially lately with the market rushing out of the gate only to be pulled back later in the day, ending with sideways movement.

We see that computer technology is in great demand. Apple can't make its tablet fast enough. The NASDAQ could respond in kind.

There is talk of the DOW hitting 11K this week. That will be a milestone, that's for sure and it is possible. Today's sentiment is positive.

CNN: Stocks set to gain at open

The February reading on personal income and spending is due before the start of trading.


The Commerce Department report is expected to show that income rose 0.1% in February...

Reuters: Stock futures point to higher start for Wall St

Hynix Semiconductor...the world's second-biggest memory chip maker, said on Monday that global memory chip supply remained very tight and stronger than expected market conditions would continue into the second quarter.