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Equity Roundup, Holding Early Gains

US STOCKS

Stocks posting decent gains after the cash open, SPX eminis back near early Wednesday highs as geopolitical risk cools on second day of Russia invasion of Ukraine.
Inside range for Tsys at the moment w/ 30Y Bonds back near steady (30YY currently 2.2883, +.0102), Gold -10.7 at 1893.0, WTI crude -0.66 at 92.15.

  • SPX Eminis currently trading +25.75 points (0.6%) at 4306; Dow Industrials +268.84 points (0.81%) at 33476.54; NASDAQ -17.7 points (-0.1%) at 13442.5 after leading rebound Thursday..
  • SPX leading sectors:
    • Energy +2.20%
    • Communication Staples +1.40%
    • Health Care +1.14%
  • Technicals: technical conditions remain bearish however price action remains above yesterday’s low of 4101.75. Short-term momentum conditions highlight a bullish divergence between price and momentum and this does suggest scope for some unwinding of recent weakness. Note too that yesterday was a hammer candle formation - a reversal signal. The next resistance is at 4345.50, the Feb 23 high. Thursday’s low of 4101.75 is the bear trigger.

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