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Equity Roundup: Diamond Hands Extending Session Highs

US STOCKS

Stocks extending session highs after a mildly weaker open Monday, focus on tech shares and micro bloggers. S&P eminis trading +21.5 (0.47%) at 4561.75 -- ESM2 well above key support of 4440.90 50-day EMA with focus on key resistance of 4578.50 (High Feb 9), a breach opens next level of 4633.44 (76.4% retracement of the Jan 4 - Feb 24 downleg).

  • Meanwhile, Dow Industrials currently trade +3.21 (0.01%) at 34824.11, Nasdaq +210.1 (1.5%) at 14473.09.
  • SPX leading/lagging sectors: Communication Services (+1.89%) media & entertainment in particular w/ Twitter leading the charge, TWT +9.77 (25.31%) at 49.07 following reports Elon Musk bought 9.2% outstanding shares. Facebook (FB) gaining +6.93 (+3.08%) to 231.95, Netflix +11.5 (+3.08%) at 384.85.
  • Laggers: Utilites (-1.24%) lead by water/gas providers, Industrials decline (-0.75) as air freight, road and rail sectors underperform.
  • Dow Industrials Leaders/Laggers: SalesForce.com (CRM) +4.41 at 2316.66 with US listed China stocks outperforming. Microsoft (MSFT) +3.35 at 312.77 and Apple (AAPL) +2.87 at 177.18. Mcdonald's (MCD) -5.6 at 243.65 followed by United Health (UNH) -4.4 at 508.19.

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