Good morning. US equity futures are fractionally higher, SPX +5pts, we’re set to open at 4229. USD is +0.2% in the DXY 92.04s. The precious metals are fractionally higher, Gold +$1 (printing $1790), with Silver +0.1%. WTIC is -0.5% in the $72s.
sp’60min
Summary
Yesterday saw broad gains, as the market fully negated the Friday washout. S/t momentum ticked upward into the close, settling on the high side.
Overnight futures have been pretty subdued, if leaning on the upward side. The s/t cyclical setup threatens a cooling wave, especially from late morning onward.
New historic highs for the SPX and Nasdaq comp’ are very viable within the next few days.
*Powell is due to testify this morning, although prepared remarks were already released yesterday in AH.
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Early movers
AA +1.2%, bullish commodity train
AAPL +0.2%
AG +0.5%
AMD +0.3%
AU -1.6%
BAC -0.2%
CLF +0.3%
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COIN -0.9%, lower crypto
Bitcoin is still leaning on the weaker side, if holding support of psy’30/29k.
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F +0.7%, Barclays 15>17
FCX -0.5%, with copper +1cent to $4.18
GDX +0.1%
GME +9.7%, raises $1.13bn in stock sale
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KGC -1.4%, CIBC $11.25 >8.50.
There was a recent mine closure due to a fire. I hold. Not pretty, but its small size position relative to GOLD, NEM and AG.
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LVS -2.0%
MOS +1.3%, day’2 up.
MSFT +0.3%
MU +0.3%
NIO -0.7%
NVDA +0.8%
OXY -0.4%
PLUG +1.8%, post earnings
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SAFM +11.4%, takeover speculation
SLB -0.2%
SPCE -0.5%
TGT +0.3%, set to break a new hist’ high.
TSLA +0.5%
TLT +0.1%, yields a touch cooler
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VIX -2% in the 17s
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WYNN -2.0%
X +0.6%
XOM +0.3%
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Overnight markets
Asian markets were broadly higher, whilst European markets are a little higher…
Japan: +3.1% at 28884
China: +0.8% at 3557
Germany: currently +0.05% at 15611
UK: currently +0.3% at 7084
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Have a good Tuesday