Good morning. US equity futures are moderately higher (ahead of the jobs data), SPX +8pts, we’re set to open at 3674. USD is -0.2% in the DXY 90.57s. The precious metals are a little mixed, Gold u/c, with Silver +0.4%. WTIC is +1.0% in the $46s.
sp’60min
Summary
*19 trading days remain of the year.
Yesterday saw the SPX break a new historic high of 3682, with some mini drama into the close. S/t momentum settled marginally negative.
Overnight futures have been a little choppy, leaning on the upward side. I would keep in mind we have the monthly jobs data and factory orders this morning, and it won’t take much to swing the market lower.
Daily equity/vix cycles are problematic… if only for a few days.
Ohh, and yes… the USD continues to depreciate toward the DXY crazy 88s, which would be a natural place to bounce.
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Early movers
AAPL +0.2%
AMD +0.2%
BA +1.5%, as yesterday saw the June high broken through. The door is wide open to the $280s
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BAC +0.9%
CCL +3.0%, pushing for the June $25s, secondary target $35s
CLDR +13.0%, post earnings jump!
DIS +0.4%
DOCU +4.3%, post earnings gains
F +0.5%
FCX +1.2%, with copper +3cents, printing a new cycle high of $3.53. Next resistance is psy’ $4.00
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GDX +0.1%
GOLD +0.5%
LI -6.8%, secondary offering, 47M ADS @ $29
MRNA +1.1%
MT +3.0%
MRVL -4.9%, post earnings depression
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MU +1.2%, brief Taiwan facility power outage
NIO -1.2%, in sympathy with LI
PLTR +1.9%
SLB +2.4%
SWBI +1.6%, post earnings gains
TLT -0.4%, yields rebounding
UAL +1.2%, next resistance is not until $70
ULTA -3.6%, post earnings cooling
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VIX -0.8% in the 21s.
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X +1.4%
XOM +2.2%
ZM -0.4%, still floor building
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Overnight markets
Asian and European markets ended the week a little mixed…
Japan: -0.2% at 26751
China: +0.1% at 3444
Germany: currently -0.2% at 13232
UK: currently +0.8% at 6544
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Have a good Friday