Late Equity Roundup: Energy Leads the Charge

Equity indexes rebounding late -- looking to test early session high at the moment. No obvious driver ahead pick-up in earnings releases Tuesday. Energy names leading the charge, so to speak, followed by Banks.

• Bearish threat remains for SPX eminis, however, as EDM2 trades +13.50 at 4401.0, still below 50-day EMA that intersects at 4451.78. Close below 4400.00 signals scope for weakness towards 4321.07 next, a Fibonacci retracement.
• On the flipside, initial firm resistance has been established at 4519.75, Apr 8 high A break would ease the bearish threat.
• SPX leading/lagging sectors: Energy sector continues to outperform (+1.96%) as oil, gas and consumable fuels outpaces energy equipment/servicing names. Meanwhile, Financials sector (+0.97%) outpaces Materials sector (+0.49) as banks outperform..
• Laggers: Health Care sector still lagging (-0.72%) as pharmaceutical and biotech names underperform (Moderna/MRNA -5.34% at 156.66).
• Meanwhile, Dow Industrials currently trade +103.78 (0.3%) at 34553.36, Nasdaq -24.7 (0.2%) at 13375.08.
• Dow Industrials Leaders/Laggers: Goldman Sachs (GS) surges +8.23 at 329.90, followed by American Express (AXP) +3.52 at 184.68. Home Depot (HD) continues to sag -3.28 at 301.24, followed by Honeywell -2.77 at 127.70 and Walt Disney -2.80 at 127.67