Good morning. US equity futures are moderately weak, SPX -10pts, we’re set to open at 3628. USD is -0.2% in the DXY 91.64s. The precious metals are significantly lower, Gold -$18 (printing $1767), with Silver -2.2% (printing $21.96). WTIC is -0.8% in the $45s.
sp’60min
Summary
Last week ended with considerable minor chop, settling on an appropriately broadly flat note. S/t momentum ticked lower into the early close, settling fractionally negative.
Overnight futures have been pretty subdued, if leaning on the weaker side. First minor support is yellow gap. Any sustained price action under psy’3600 looks unlikely.
Regardless of today’s exact close, its been a massively bullish month, with the SPX set for net monthly gains of around 10%, reflected in a VIX that has cooled to the 20s (cash market).
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Early movers
AAPL +0.4%, Loop Capital hold>buy, p/t unknown
ACB +10.3%, pot stock hysteria resumes
AMD +0.2%, edge of a breakout
AMZN +0.5%
BAC -1.1%
BABA -2.1%
CCL +1.2%
CRSR +1.9%, guidance raised
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CRM +0.9%, earnings Tues’ AH
DIS -0.4%
F +0.9%
FCX +2.6%, with copper +8cents to $3.50
GDX -1.2%
GOLD -1.4%
GME +12.5%
MRNA +11.5%, seeking US and EU authorisation to deploy its mRNA vaccine
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MU +0.7%, close to the decisive 65s
NEM -1.0%
NIO +0.7%
NKLA +4.0%, signs MOU (memorandum of understanding) with GM.. although its non-binding.
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NVAX -8.7%
PFE +1.8%
PLTR +4.0%, the s/t speculative hysteria continues
SLB -1.3%
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SNOW +3.9%, earnings Wed’ AH
SPCE +3.3%
TSLA +3.0%
TLT -0.3%, higher yields
TLRY +8.2%, pot stock hysteria resumes
TWTR -0.6%
UAL +1.1%
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VIX +3% in the 21s
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WORK -1.9%, set to be bought by Salesforce
XOM -1.0%
ZM +3.3%, Zoom Video earnings due in AH
ZI -4.0%, Zoom Info’ announces a secondary offering
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Overnight markets
Asian markets ended November on a moderately weak note, whilst European markets are leaning on the upward side…
Japan: -0.8% at 26433
China: -0.5% at 3391
Germany: currently +0.5% at 13404
UK: currently +0.2% at 6377
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Have a good Monday