6:17 am PST. EZU is down this morning along with the Euro. The dollar is up. Gold is slightly up, which the Dow futures slightly down.

4:08 pm PST. Macron won the French election and the Eur/Usd popped higher, which I thought might be a risk at last Friday’s close, but then quickly dropped. I think this could be a high at 1.10218. Likewise the dollar dropped and quickly popped back up. I think the dollar likely finished the bottom of the wedge. Great call Marty! Your call will be confirmed once the Euro heads down to new lows.

1:20 pm PST. I saw nearly 1 million shares block traded on EZU, the eurozone stocks etf, at 40.78 & 41.09. It could have been someone buying at 40.78 or selling at 41.09, or buying at both, or taking profits at both. We closed above both prints.

1:05 pm PST. The Euro closed strong along with European stocks. I am not sure the Euro will tank, but it does look overbought and has gone up on negative divergence. The Dollar closed weak on positive divergence. U.S. indices closed strong. They look good for Monday. DB looks like it also wants to pop higher on Monday.

12:22 pm PST. I saw a rare DB print at 19.25 for 500,000 shares. These European stocks are trading like they want to pop higher on Monday.

11:07 am PST. The Euro etf, FXE, sports a bearish head and shoulders pattern. Expecting it to roll over soon.

9:54 am PST. I see a lot of block trading in the European stocks today. A 740,434 share block trade just came in on EUFN at 22.29, the high today.

8:57 am PST. The Dow is just in a tight 43-point range this morning. It’s coiling with traders looking forward to the French elections this Sunday to move markets. The close today will have clues…perhaps.

8:38 am PST. The Dollar is really pushing the boundaries of this wedge testing for the fourth time the lower trendline.

5:30 am PST. The Dow futures are slightly down this morning. The Eur/Usd is mostly flat.