Monday Trading

S&P 500 futures vs fair value: +3.5 to 1181.60. Stocks are off to solid start Monday. Strong commodities and weak dollar has helped the stocks to surge in the pre-market activity. Oil is trying new highs for the year in the pre-market trading, up 1.2% at $85.90 a barrel. Gold is unchanged at $1,125.10 an ounce.

Market will be focused on two things on our economic calendar today. Both are going to be released at 10am, ISM non-mfg index and and pending home sales. Besides these two, there are not many market moving news until next Tuesday.

Market is about to open and stocks managed to hold on their solid gains.