Good morning. US equity futures are leaning upward, SPX +20pts, we’re set to open at 6692. USD is +0.4% at DXY 99.92. The precious metals are mixed, Gold +0.2%, with Silver -1.4%. WTIC is -1.7% in the $94s.
sp’60min
Summary
Yesterday saw the market slide across the day, settling significantly lower… just 72pts above the 200dma. S/t momentum settled on the low side.
Overnight futures have been relatively subdued, we’re set to open a little higher. The s/t cyclical setup favours the bulls. Basic target is a tag of yesterday’s gap to 6740.
I see overnight news that a KC-135 tanker plane crashed over western Iraq.
—
Yours truly holds a small SLV April CALL position.
I consider adding a second block… but probably shouldn’t.
—
Early movers
ADBE -7.8%, EPS $6.06 vs 5.87est. Rev’ y/y +12.0% to $6.39bn vs 6.27est. The market is annoyed on news the CEO is leaving
–
AMD +0.5%
BLK +0.4%
BX +0.7%
–
COIN +2.8%
Bitcoin is +2.5% at $72K
–
GOOGL +0.7%
HIMS +1.9%
HMC -1.1%
–
INTC +1..0%
KKR +0.2%
KLAR +5.1%, Chairman buys $49.9M of stock
META -1.0%
MU +1.0%
NVDA +0.9%
–
ONDS +1.8%
OWL +1.0%
OXY -0.4%
PAAS -0.9%
–
S -3.7%, EPS 7cents vs 6est. Rev’ y/y +20.3% to $271M inline.
–
SMR +1.4%
TM -1.9%
TSLA +0.9%
UAL +0.4%
–
ULTA -7.3%, EPS $8.01 vs 7.97est. Rev’ y/y +11.7% to $3.89bn vs 3.80est.
–
VIX -5.1% at 25.89
–
VEON +7.2%, EPS -44cents vs $1.10 prior yr. Rev’ $1.17bn vs 998M prior yr.
—
Overnight markets
Asian markets were broadly lower, whilst European markets are fractionally lower…
Japan: -1.2% to 53819
China: -0.8% to 4095
Germany: currently -0.1% at 23572
UK: currently -0.1% at 10296
—
Special note…
Today will be an Open day, with my posts available to all. Its the best (and free) advertising I can get.
Have a good Friday the 13th