US equity indexes open broadly higher, with the sp' breaking a new cycle high, +16pts @ 2071. Despite the USD -0.2% in the DXY 94.90s, the metals are in cooling mode, Gold -$9. Oil is +2% in the $39s, ahead of the latest EIA report.
*I highlight the Nasdaq comp', as the 4900 threshold is one of the last key resistance levels. Any price action above the giant psy level of 5K would bode for new historic highs.
So... new cycle highs, and we have almost everyone bullish.
Equity bears should be desperate for a latter day cooling, with a marginal net daily decline.
notable strength, AAPL, daily
Set for a test of the 200dma in the $110s.
**it remains curious that we saw a 'rogue print' in the $110.50s last Mon' March 21st.
back for the oil report at 10.30am
10.30am . EIA report.. net weekly surplus, 2.3 million barrels.
Oil +2.6%.... in the $39s.
USD -0.5% in the DXY 94.60s... and that is clearly helping.