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Equities Roundup: Extending Lows

US STOCKS
  • Stocks extending session lows at the moment, SPX Eminis have breached 20-day EMA support of 4128.95 to 4123.25 low (-36.5). A concerted break of the 20-day EMA is required to suggest scope for a deeper pullback: exposing 4086.73, the 50-day EMA.
  • Despite the dip, the trend outlook in S&P E-minis remains bullish with attention on the 4200.00 handle, clearance of this level would resume the uptrend and open 4205.50, Feb 16 high ahead of 4244.00, Feb 2 high and key resistance.
  • At the moment, Energy, Materials and Industrial sectors underperforming.
  • Salient stocks expected to announce after today's close:
    • Alphabet Inc
    • Microsoft Corp
    • Texas Instruments Inc
    • Juniper Networks Inc
    • Visa
  • Link to MNI's earnings calendar and analysis for the month: REPORT

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