Equity markets are tumbling following the Hamas attack on Israel this weekend. This comes on the heels of a strong surge off 200-day averages on Friday amid what had been a selloff in oil and gas.

So far, the surge in oil/gas has been held to less than 4%. But, it’s not difficult to imagine the conflict drawing in additional MENA players and unleashing much higher oil prices.

continued for members…

The futures are still holding their SMA10 – but just barely.

Currencies have favored a stronger dollar and bond prices.

more later…