Good morning. US equity futures are broadly flat, SPX -3pts, we’re set to open at 6875. USD is -0.4% at DXY 97.53. The precious metals are sig’ higher, Gold +1.0%, with Silver +1.1%. WTIC is +0.2% in the low $58s.
sp’60min
Summary
Yesterday saw the market open on a positive note, and then churn across the day, settling moderately higher. S/t momentum settled on the moderately high side.
Overnight futures have been very subdued, we’re set to open broadly flat. The s/t cyclical setup favours the bears, but daily momentum is due to turn positive, and offers net upside to break a new historic high, if not until after Santa delivers.
Yours truly is merely antsy to get back onboard the silver train.
There were a fair number of black (daily) candles yesterday, suggestive that we see main market net cooling into the Wed’ 1pm close.
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Early movers
AEM +1.1%
ASTS -4.1%, just a cooling wave
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COIN -0.6%
Bitcoin is -0.8% at $87K
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DRD +3.4%
FCX +1.0%, with copper +5cents to $5.56
NEM +1.1%
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LLY -0.7%, inverse to competitor Novo Nordisk
MU -0.6%
NVDA -0.4%
NVO +7.7%, the FDA approve a Wegovy pill
PAAS +1.5%
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QBTS -3.4%, just a cooling wave
RKLB -5.2%, just a cooling wave
SMR -0.9%
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SONY +3.0%
TSLA +0.3%
UNG +2.5%, with Natgas $4.07
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VIX +0.6% at 14.17
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XPEV -1.2%
ZIM +9.1%, as the company looks to be bought out
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Overnight markets
Its holiday-subdued out there, with world markets broadly flat…
Japan: +0.02% to 50412
China: +0.1% to 3919
Germany: currently +0.1% at 24299
UK: currently -0.03% at 9863
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From last night…
Have a good Tuesday