Good morning. US equity futures are fractionally higher, SPX +4pts, we're set to open at 4285. USD is -0.2% at DXY 103.82. The precious metals are fractionally mixed, Gold -$1, with Silver +0.1%. WTIC is +1.4% in the $72s.
sp'60min
Summary
*So yes... I login... and my server is offline... again. Great. What a great start to my day.
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Yesterday saw considerable chop, if settling a little higher. S/t momentum ticked upward in the afternoon, if settling on the moderately low side. S/t structure is a baby bear flag, offering the 4240s.
Overnight futures have been subdued, if leaning a little higher.
Yours truly would prefer a re-short from around 4310. Even then,
I'm concerned there is zero sign of a ceiling/turn on the bigger
daily, weekly, and monthly cycles. The cautious will be on the sidelines.
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Early movers
AMD +0.7%
BABA -0.9%, Chinese stocks lower on slowdown
concerns
CASY -4.1%, post earnings depression
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CIEN +0.5%,
Raymond James, 70>63, Rosenblatt, 65>57, Barclays 74>66
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COIN
+3.3%
Bitcoin is -1.3% at $26911
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CPB -1.6%, EPS 68cents vs 65est. Rev' y/y +4.6% to $2.23bn inline. Guidance held.
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GME +2.4%, earnings due in AH
KRE +1.2%
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LOVE +6.2%, EPS -28cents vs -41est. Rev' y/y +9.1% to $141M vs 134est. Mixed guidance. Exec VP/CFO leaving as of end June.
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MRVL +4.9%
MSFT -0.3%
NFLX +3.5%, Wells Fargo, 400>500
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NIO -0.8%
NVDA +0.8%
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OLLI +2.4%, EPS 49cents vs 48est. Rev' y/y +12.9% to $459M vs 451est. Positive guidance
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OXY +0.5%
PLTR +2.7%
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RBLX -3.3%
ROKU +3.6%
SFIX +6.8%, post earnings jump
TGT +0.4%
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TLT +0.2%
TSLA +3.1%
UNG +1.9%, with Natgas $2.27
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VIX +1% in the 14s
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XOM +0.6%
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Overnight markets
Asian markets were very mixed, whilst European markets are fractionally mixed
Japan: -1.8% to 31913
China: +0.1% to 3197
Germany:
currently -0.1% at 15973
UK: currently +0.1% at 7635
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Have a good Wednesday
