Good morning. US equity futures are moderately lower, SPX -12pts, we’re set to open at 3650. USD is +0.2% in the DXY 91.50s. The precious metals are a little mixed, Gold +$7 (printing $1835), with Silver -0.2%. WTIC is -0.6% in the $44s.
sp’60min
Summary
Yesterday saw new historic highs. There was a moderate cooling wave in the late afternoon, as s/t momentum began to tick back lower.
Overnight futures have been choppy, leaning on the weaker side. S/t momentum will be inclined to turn negative by early afternoon, and that could easily carry across into early Thursday.
Soft support is the upper end of yesterday’s (orange) gap. Broadly… we’re clearly still stair stepping upward toward the 3700/3800s before year end.
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News: The UK Regime have approved the Pfizer/BioNTech vaccine, and are looking to start rolling that out next week.
It is disturbing to see renewed background chatter about various plans to further censor, and perhaps imprison, or even execute those who publicly oppose vaccines, or actively refuse to take them. Unlike the US, UK ‘subjects’ have no rights, and are powerless against any NAZI state decrees.
The UK press is already under the Regime’s order to promote masks, social distancing, and vaccines. The UK army’s propaganda division are active on Twitter etc, literally infiltrating, and slating anyone who suggests the UK Regime’s policy is wrong.
Its a war that can’t be won by either side, as the UK populace have turned cancerous on themselves. The dystopian horror IS here, on the eastern side of the Atlantic.
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Early movers
AAPL -0.6%
ACB +9.9%, pot stock speculative hysteria
AMD -0.5%
BAC -0.6%
BB +11.0%
CRM -5.4%, post earnings and WORK bid depression
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CRSR -3.8%, just some cooling
DIS +0.3%
DKNG -2.7%
FCX +0.3%, with copper -2cents to $3.46
GDX -0.1%, yesterday’s black candle to play out
GOLD +0.3%, black candle… will likely play out
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JBLU -6.4%, secondary offering 36.5M at $14.40
MRNA -2.3%
MSFT -0.5%
MU +0.4%, JPM 65>85, Raymond James 65>80, Piper Sandler 45>65
NIO -6.5%
NEM +0.3%
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PFE +3.1%, UK vaccine approval, and if it causes any problems… no matter, as the company is legally immune!
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PLTR -10.8%, s/t washout
SLB -0.8%
SPCE +1.5%, test flight program update
TSLA -2.2%
TSM +1.7%
TWTR -0.5%
VALE -2.4%
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VIX +1.8% in the 21s
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X -0.6%
XOM -0.3%
ZI -4.2%, secondary offering 12.5M at $45.00
ZM -0.4%
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Overnight markets
Its pretty subdued out there, as markets take a pause after recent gains…
Japan: +0.05% at 26800
China: -0.1% at 3449
Germany: currently -0.4% at 13333
UK: currently +0.4% at 6411
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Have a good Wednesday