Tuesday 2 July 2019

Pre-Market Brief

Good morning. US equity futures are a touch weak, SPX -3pts, we're set to open at 2961. USD is -0.1% in the DXY 96.30s. The precious metals are leaning upward, Gold +$7, with Silver +0.1%. WTIC is -0.5% in the $58s.

sp'60min


Summary

*Subscriber note. My site is currently offline, as my entire web host (based in LA) is seemingly 'off the grid'.  I will continue here today, unless otherwise stated.
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Yesterday broke a new historic high of 2977, we saw some cooling to 2952, and then a closing hour mini ramp (provisionally confirming the baby bull flag).

Cyclically, we're on the higher side, and due some cooling. Keep in mind, yesterday saw many stocks settle with black candles, which does lean bearish.. if only for this morning.

The real threat to the market will be the monthly jobs data this Friday morning, although as ever, even if the data is not pretty, perhaps the mainstream will see 'bad news as good news' ?


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Early movers

AAPL -0.4%
AMD -0.6%
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AMRN +8.8% to $20.90s, raised guidance. Things turn crazy bullish >23s.
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BAC -0.2%
BCS -0.1%, weak UK financials
BP +1.1%
DB -0.8%, weak EU financials
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FCX -1.0%, struggling after yesterday's lowered rev' guidance
GDX +1.3%, rebounding with gold
GOLD +1.3%, rebounding with gold
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MT -1.7%, weak EU industrials
MU -0.7%
NFLX -0.4%
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NKE -0.3%, more Kaepernick 'drama'
ROKU -3.1%, RBC mixed downgrade, holds p/t to $90
TSLA +0.6%, Tesla's 'head of Europe' is leaving
TWTR -0.1%
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VIX +0.6% in the 14s
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WDC -2.8%
X -0.3%, m/t horror
Z -0.5% in the 86s, soft support 80/79


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Overnight markets

Its broadly very subdued out there...

Japan: +0.1% at 21574
China: -1pt at 3043
Germany: currently -5pts at 12516
UK: currently +0.5% at 7533
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Have a good Tuesday