Good morning. US equity futures are leaning weak, SPX -20pts, we’re set to open at 7555. USD is -0.04% at DXY 100.72. The precious metals are sig’ lower, Gold -1.1%, with Silver -2.0%. WTIC is +3.4% at $73.87.
sp’60min
WTIC, daily
Oil is naturally higher on weekend attacks. For now though, its still relatively minor, and the market is not taking any of it seriously. S/t structure of a bull flag is playing out though, and I’d be open to 81/84 within a few days.
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Summary
Last week ended on a positive note, with the SPX settling just 45pts below the recent hist’ high of 7620. S/t momentum settled moderately positive.
Overnight futures have been leaning weak, pressured by weekend war headlines, and South Korea. We’re set to open -20pts or so.
Yours truly did not complete my accounts this weekend, and I’ve no business doing anything until that is done.
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Early movers
AAPL +0.2%
AG -1.5%
AMAT -3.6%, Mr Burry will be pleased.
AMD -2.1%
ASTS -1.2%
BAC +0.2%, earnings early Tues’
CDE -1.2%
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COIN -0.9%
Bitcoin is -1.2% at $62K. S/t cyclically high, and prone to net downside for at least a few days.
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CVX +1.0%
HL -1.4%
INTC -2.7%
IREN -2.0%
JPM +0.2%, earnings early Tues’
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MGM +2.4%, deal talks with Barry Diller
MSTR -2.0%
MU -4.3%
NEM -0.6%
NFLX +0.4%, earnings Thurs’ AH
NOK -0.3%
NVDA -1.2%
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OXY +1.7%
PAAS -0.4%
RKLB -0.5%
SHOP +2.6%, Jefferies, hold>buy, 140>160
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SKHY ** , ticker change from SKHYV
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SNDK -4.5%
SPCX -0.8%
STX -3.4%
TSLA -0.6%
UAL -0.3%
UNG -2.0%, with Natgas $2.88
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VIX +8.4% at 16.30
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WDC -4.7%
XOM +1.1%
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Overnight markets
Asian had a very rough start to the week, whilst Europe is flat lining. The disparity is … odd.
Japan: -1.9% to 67242
China: -2.1% to 3913
South Korea: -8.9% to 6806
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Germany: currently +0.14% at 25102
France: currently +0.02% at 8340
UK: currently -0.15% at 10481
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Have a good Monday