Good morning. US equity futures are a little higher (ahead of Powell), SPX +13pts, we’re set to open at 6373. USD is +0.1% at DXY 98.59. The precious metals are cooling back, Gold -0.2%, with Silver -0.4%. WTIC is +0.6% in the upper $63s.
sp’60min
Summary
Yesterday saw considerable chop, a few bounce attempts, but all failing, to settle moderately lower. S/t momentum settled fractionally positive.
Overnight futures have been subdued, if leaning upward ahead of Powell. The s/t cyclical setup is neutral. The bigger daily charts threaten 6270/60s.
Lets see what Powell brings.
I’ll post up a live feed… when I find one.
Ohh, and I see…
Might it be about the Fed Chair?
—
Early movers
AAPL +0.5%
AMD -1.0%
B -0.5%
BABA +2.0%, strong China stocks
–
BJ +0.1%, EPS $1.14 vs 1.09est. Rev’ y/y +3.4% to $5.4bn vs 5.5est. COMPS (ex gasoline) y/y +2.3%
–
BMNR +0.7%
CCJ +2.2%
–
COIN u/c
BTC is -0.2% at $112K
XRP is -3cents at $2.82
–
GAP -2.2%, Barclays, overweight>equalweight, 24>19
–
GFI +1.4%, EPS (H1), $1.12. Rev’ y/y +63.7% to $3.48bn vs 2.12 prior yr.
–
GOOGL +1.1%, META Platforms to spend $10bn on Alphabet cloud services.
–
INTU -6.1%, post earnings depression
MU +0.9%
NEM -0.6%
–
NIO +5.4%, strong China stocks
NVDA -1.1%
NVO +2.2%
–
PLTR -0.4%
ROST +2.5%, post earnings gains
SMCI -1.4%
–
SONY +2.5%
TSLA +0.4%
UEC +2.0%
–
ULTA +1.2%, JPM, overweight, 525>600. Barclays,equal-weight>overweight, 518>589
–
VIX -0.3% at 16.55
–
WDAY -5.1%, post earnings depression
WMT -0.3%
–
XPEV +2.1%, strong China stocks
ZM +5.1%, post earnings gains
—
Overnight markets
Asian markets were mixed, whilst European markets are fractionally higher…
Japan: +0.05% to 42633
China: +1.4% to 3825… the highest since Aug’2015
Any price action >4K would be decisive.
–
Germany: currently +0.1% at 24319
UK: currently +0.1% at 9319
—
Have a good Friday