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Equity Roundup: Tusk Tiff w/Twitter Over Spam Count

US STOCKS
Stocks firmer but off midmorning highs, current session lows still off early overnight levels, move moderating after London clocks out w/ SPX emini futures ESM2 +33.0 at 4140.0.
  • The contract last week tested the 50-day EMA, that stands at 4181.33 today.
  • A clear breach of this EMA would strengthen current bullish conditions and signal scope for a climb towards a key resistance at 4303.50, the Apr 26/28 high. Recent gains still considered corrective, however, while the primary trend is down. A reversal lower would refocus attention on 3807.50, the bear trigger.
  • Highlight news in equities is Tesla's Elon Musk lodging breach of purchase contract complaint w/ SEC over Twitter not providing spam/bot data from micro-blogger (TWTR -3.75 aty 38.65 at the moment, 37.91 low).
  • SPX leading/lagging sectors: Google (GOOG +2.78% at 2355.03) helping Communication Services sector outperform (+1.45%), sector would be higher if it weren't for Twitter (TWTR -3.11% at 38.91). Utilities and Financial sectors follow, both +0.90-0.94%. Laggers: Energy (-0.05%) followed by Consumer Staples (+0.29%) and Real Estate (+0.41%).
  • DJIA +138.98 (0.42%) at 33041.9; Nasdaq +110.2 (0.9%) at 12125.13.
  • Dow Industrials Leaders/Laggers: Modest bounce for United Health Care (UNH) +4.671 at 490.28 after falling from 503.62 early last week. Goldman Sachs (GS +2.67 at 321.35). Laggers: Amgen (AMGN) -3.66 at 244.79, Chevron (CVX) -1.14 at 176.46.
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