Good morning. US equity futures are moderately higher, SPX +22pts, we’re set to open at 5240. USD is -0.2% at DXY 103.76. The precious metals are leaning upward, Gold +$23 (printing $2200, with Silver +0.2% (printing $24.93). WTIC is +0.1% in the $82s.
sp’60min
Summary
Yesterday saw considerable chop. The closing hour saw a break lower, as a bear flag was provisionally confirmed. S/t momentum settled marginally negative.
Overnight futures have been leaning upward, we’re set to open +22pts, fully negating yesterday’s drop.
Yours truly wants to add to RUM – ahead of Wed’ AH earnings, and perhaps pick up SLV CALLS. First… I want to see how we open.
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Early movers
AAPL +0.3%
AG +2.4%
ALB +1.5%
AMD +1.2%
AMZN +0.8%
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BA +0.5%, yesterday’s black candle is highly suggestive the stock will turn red at some point today.
BIDU -2.5%
CCL +1.5%, earnings due early Wed’
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COIN +1.6%
Bitcoin is currently +1.1% at $70666. Daily momentum due to turn positive, bodes positive into the Easter break.
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DIS +0.3%
DVN +0.2%
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DWAC… I see it printing +7.5% in the $53s, but no vol’.
Ticker to change to DJT this morning.
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FCX +0.7%, with copper +1cent to $4.02
GOLD +1.5%
HOOD +1.3%
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MKC +5.1%, EPS 63cents vs 58est. Rev’ y/y +2.4% to $1.60bn vs 1.55est. Guidance held.
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MOS -1.3%
MU +1.4%
NEM +2.6%
NVDA +1.0%, Nvidia’s partner – SK Hynix, to invest $4bn in an Indiana plant
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OXY +0.3%
PINS +2.2%
PYPL +0.7%
RDDT +6.0%
RUM +0.5%, earnings due Wed’ AH
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SLB +0.2%
SMCI +3.2%
SPOT +2.7%
STX +4.5%, Morgan Stanley, equalweight>overweight, 73>115
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TLT +0.3%, as yields cool
TSLA +3.5%, Tesla to offer 1 month of ‘driver assisted technology to its clients
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UAL +0.4%
UNG +0.5%, with Natgas $1.80
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VIX -0.9% at 13.07
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WDC +1.6%
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Overnight markets
Its very subdued out there…
Japan: -0.04% to 40398
China: +0.2% to 3031
Germany: currently +0.5% at 18358
UK: currently u/c at 7917
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Have a good Tuesday