Good morning. US equity futures are broadly flat, SPX +2pts, we’re set to open at 4462. USD is -0.2% in the DXY 92.81s. The precious metals are leaning upward, Gold +$5 (printing $1763), with Silver +0.8%. WTIC is u/c in the $69s.
sp’60min
Summary
Yesterday saw further algobot upward melt, with the SPX printing a new historic high of 4461. S/t momentum ticked upward, settling on the marginally positive side.
Overnight futures have been very subdued, we’re set to open broadly flat. We have to expect considerable chop into the weekend, if once again… leaning on the upward side.
Yours truly doesn’t expect to do anything today, although I’m tempted to drop Mosaic, if only to raise cash to buy X or CLF next week. My quartet of energy stocks should settle net positive today, but I really should sit back… at least until the 50dma before cutting back a little.
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Meanwhile…
I have to imagine the hysterical laughter at left leaning Twitter HQ, in selecting to promote this one…
Indeed, for those who read around in the more shady corners of the net, there has been some truly crazy ‘reinstatement’ chatter.
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Early movers
AAPL +0.1%, provisional confirm’ of bullish pennant, as new historic highs appear due.
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ABNB -3.0%, post earnings depression
AG +2.3%, higher silver
AMC -1.9%
AMD +0.3%
BA -0.4%
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COIN +1.9%, higher crypto
…. with Bitcoin +4.6% in the $46000s, as psy’ $50k appears due.
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DASH -3.9%, post earnings depression
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DIS +5.4%, post earnings jump
DisneyPlus is not surprisingly continuing to grow, partly helped with the ongoing shift from movies in theaters to home viewing. 200M by end 2022 appears realistic.
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FCX +0.3%, with copper +1cent to $4.36
FUBO -2.7%
GDX +1.0%
GOLD +0.8%, higher gold
MRNA +2.3%
MU +0.6%, vain bounce attempt
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NEM +0.7%
OXY -0.3%
RKT +4.9%, post earnings jump
SLB -0.1%
SNDL -4.7%, post earnings depression
SOFI -9.7%, post earnings upset
SPCE -3.5%
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TSLA +0.2%, bullish engulfing candle set to play out
TLT +0.4%, yields cooling back
UAL -0.4%
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VIX -0.1% in the 15s
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WISH -27.5%, post earnings horror, downgrades
X -0.2%
XOM -0.3%
ZIP +13.6% (US recruitment)
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Overnight markets
Asian markets were fractionally weak, whilst European markets are moderately higher…
Japan: -0.1% at 27977
China: -0.2% at 3516
Germany: currently +0.4% at 16003
UK: currently +0.4% at 7218
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Special note: today will be an ‘open day’, where my posts will be viewable to all. Its the best (and free) advertising that I can get.
Have a good Friday… the 13th!