Equity Roundup: Resilient

Stock indexes fairly resilient given the rise in crude (WTI +$6.9 (7.26%) at $101.94) that has been a sell trigger for stocks earlier in week, Gold higher as well (+$20.49 (1.06%) at $1947.49). Muted risk-appetite with FONC in rearview and attention turning back to Russia/Ukraine headline risk

• SPX eminis currently trading -3.75 (-0.09%) at 4347. SPX leading/lagging sectors: Energy sector leading (+2.40%) on the back of crude bounce, broad swath of oil drillers, refiners and distributors gaining.
• Real Estate sector +1.02% (real estate inv trust American Tower +1.87 at 244.10; Public Storage (PSA) +1.75 at 363.97). Materials sector (+0.98%).
• Laggers: Information Technology (-0.58) with hardware, software and semiconductors under pressure (AMD -3.4% at 111.49 weaker after strong Wed gains).
• Dow Industrials: -33.24 (-0.1%) at 34034.75: Leaders/Laggers: American Express (AXP) +4.44 at 185.05, United Health +3.17 at 501.43. Laggers: Microsoft -3.46 at 290.93, Boeing -2.61 at 186.38 and McDonalds -2.51 at 235.63.
• Technicals for ESM2: The trend in the S&P E-Minis remains bearish, however, the contract traded higher Wednesday. The 20-day EMA has been breached and the clear break suggests scope for a stronger short-term recovery. This has opened the 50-day EMA at 4397.83 - a key resistance area.
• On the downside, the bear trigger is unchanged at 4094.25, the Feb 24 low. Initial firm support is at 4129.50, Mar 15 low.