Good morning. US equity futures are moderately higher, SPX +25pts, we’re set to open at 6859. USD is -0.1% at DXY 98.12. The precious metals are significantly higher, Gold +1.6%, with Silver +2.7%. WTIC is +2.0% in the mid $57s.
sp’60min
Summary
Last week ended on a broadly positive note. S/t momentum settled on the moderately high side.
Overnight futures have been leaning upward, we’re set to open +25pts or so. The s/t cyclical setup favours the bears… but its difficult to see anything significant/sustained for the remaining 6.5 trading days of the year.
Yours truly is seeing silver +2.5% in pre-market… much like last Monday morning. Its frustrating, but at least I’m not stupid enough to be short. I’ll just wait for the next cooling wave… whether later today, or maybe not until after Santa delivers.
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Early movers
AEM +2.4%
AMD +1.5%
ASTS +4.7%
BMNR +4.8%
BUD -1.8%
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COIN +2.6%
bitcoin is +2.1% at $90K
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DEO -1.7%
DJT +4.5%
DRD +6.3%
EXK +4.5%
FCX +1.7%, with copper +1cent at $5.51
GFI +2.8%
HMY +3.2%
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HON -0.6%, guidance cut
INTC +1.7%
MSTR +3.5%
MU +3.7%
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NEM +2.8%
NVDA +1.9%
ORCL +2.5%
OXY +0.7%
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PAAS +3.7%
QBTS +2.7%
RKLB +3.9%, space stocks to the moon
SMR +2.4%
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STLA -0.8%
TSLA +1.3%
UNH -0.6%
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VIX +0.4% at 14.97
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Overnight markets
Asian markets were broadly higher, whilst European markets are mixed…
Japan: +1.8% to 50402
China: +0.7% to 3917
Germany: currently u/c at 24287
UK: currently -0.4% at 9853
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From last evening…
Have a good Monday