Good morning. US equity futures are fractionally higher, SPX +7pts, we’re set to open at 5471. USD is -0.25% at DXY 105.15. The precious metals are fractionally higher, Gold +$2, with Silver +-0.1%. WTIC is +0.4% in the $81s.
sp’60min
Summary
Last week ended with considerable weak leaning chop. S/t momentum settled on the low side.
Overnight futures have been leaning on the positive side, helped by most world markets. We’re set to open +5/10pts. The s/t cyclical setup favours the bulls into Tuesday.
A busy week is ahead, with June/Q2/H1 to settle.
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Early movers
AAPL +0.3%
AFRM +3.2%
AG +0.5%
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AMC -1.1%
AMD -0.4%
ARKB -5.0%, lower bitcoin
ARM -2.2%
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BA -0.7%, chatter that the DoJ may issue criminal charges
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COIN -3.7%
Bitcoin is -3.6% at $60924… testing key support.
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CVX +0.5%
DJT +7.4%… with Trump/Biden, Thurs’ 9pm.
FCX +0.2%, with copper -2cents to $4.42
GFI +1.8%
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GME -3.3%
GOLD +0.5%
HOOD -2.0%, lower bitcoin, and further reduced meme stock hysteria.
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IBM +1.3%
MARA -4.6%
META +0.6%
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MU +1.0%, Baird 150>172, Citi, 150>175, Morgan Stanley, 130>140… with earnings due Wed’ AH
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NVDA -1.6%
OXY +0.5%
PLTR -1.0%
PYPL -0.3%
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SHOP +1.7%
SLB +0.5%
SMCI -1.6%
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TGT +0.4%
TLT -0.2%, as yields climb
TSLA +0.3%
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TSM -1.6%
UAL +0.3%
UNG +0.7%, with Natgas $2.87
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VIX +4.2% at 13.75, but much of that gain is technical
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XOM +0.5%
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Overnight markets
Asian markets were mixed, whilst European markets are moderately higher…
Japan: +0.5% to 38804
China: -1.2% to 2963
Germany: currently +0.6% at 18276
UK: currently +0.4% at 8273
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Have a good Monday