Good morning. US equity futures are moderately lower, SPX -20pts, we’re set to open at 3671. USD is +0.1% in the DXY 90.88s. The precious metals are a little mixed, Gold -$2, with Silver u/c. WTIC is -0.3% in the $45s.
sp’60min
Summary
Yesterday saw considerable chop, leaning on the weaker side. S/t momentum settled on the moderately lower side.
Overnight futures have been leaning on the weaker side, pressured by other world markets. First support is the lower hourly bollinger at 3666. Even orange gap looks a stretch, as the market holds a long series of higher highs and higher lows.
Its Tuesday, and that will offer a turnaround, not least from 11am onward. The 3700s appear very much due.
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Early movers
AAPL -0.4%
AMD -0.4%
BAC -0.8%
CCL -1.2%
CHWY +0.9%, earnings due in AH
DIS -0.6%
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FCX -1.1%, with copper -5cents to $3.46. Citi upgrade 18>26
GDX -0.1%
GOLD +0.2%
GME +0.4%, earnings due in AH
INTC -0.7%
LI +4.7%, catching a bounce, after the recent secondary offering
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MRNA +3.0%, further vaccine chatter.
MU -0.8%
NEM +0.5%
NIO +2.3%
ON +4.7%, Keybanc ‘overweight to the $37s’
PLTR +3.3%, s/t speculative hysteria
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SDC +2.8%, Wolfe Res’ ‘outperform to the $16s’
SFIX +34.0%, hyper jump on earnings
SLB -1.3%
SPCE +3.8%, s/t speculative hysteria
TSLA -1.7%
TLT -0.1%
TOL -3.1%, post earnings depression
UAL -0.6%
UBER -1.6%
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VIX +3% in the 21s
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X +1.5%, US Steel buying the remaining part of Big River Steel for $774M in cash. Its a bold move, but promising for the mid/long term.
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WYNN -1.2%
XOM -0.8%
ZM -0.3%
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Overnight markets
Asian markets leaned a little weak, whilst European markets are moderately lower…
Japan: -0.3% at 26467
China: -0.2% at 3410
Germany: currently -0.5% at 13209
UK: currently -0.5% at 6523
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Have a good Tuesday