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Late Equity Roundup: Finishing Strong, SPX at Mid-Feb Lvls

US STOCKS
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Stocks remain strong in late trade, SPX eminis at highest levels since Feb 21 as ESH3 breaches two resistance levels: RES 1: 4018.89 50-day EMA and RES 2: 4033.48 20-day EMA. A clear break of both would signal a possible reversal with site son 4096.00 Feb 17 high as next major resistance. SPX eminis currently trading +60.75 (1.52%) at 4045.25; DJIA +335.97 (1.02%) at 33338.6; Nasdaq +219.3 (1.9%) at 11681.98.

  • SPX leading/lagging sectors: Communication Services continues to outperform (+2.11%) lead by interactive media/services shares, namely META 6.35% while DISH climbs +3.69%. Next up: Consumer Discretionary (+2.05%) supported by autos: Tesla +4.69%, F +3.98%, GM +3.49%; and Information Technology (+2.03%) lead by hardware and equipment shares (TRMB +3.54%, AAPL +3.26%, ANET +2.76%)
  • Laggers: Energy shares, weaker on the open have rebounded (sector now +1.55%), replaced by Consumer Staples (-0.05%) as food and staples underperformed, namely Costco (COST -2.64%), with Industrials second to lowest sector (+0.90%).
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +7.51 at 356.61, Boeing (BA) +5.90 at 215.96, Home Depot (HD) +4.80 at 297.82. Laggers: United Health (UNH) -2.33 at 475.37, Travelers (TRV) -0.56 at 182.63, WMT -0.15 at 140.35.
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Stocks remain strong in late trade, SPX eminis at highest levels since Feb 21 as ESH3 breaches two resistance levels: RES 1: 4018.89 50-day EMA and RES 2: 4033.48 20-day EMA. A clear break of both would signal a possible reversal with site son 4096.00 Feb 17 high as next major resistance. SPX eminis currently trading +60.75 (1.52%) at 4045.25; DJIA +335.97 (1.02%) at 33338.6; Nasdaq +219.3 (1.9%) at 11681.98.

  • SPX leading/lagging sectors: Communication Services continues to outperform (+2.11%) lead by interactive media/services shares, namely META 6.35% while DISH climbs +3.69%. Next up: Consumer Discretionary (+2.05%) supported by autos: Tesla +4.69%, F +3.98%, GM +3.49%; and Information Technology (+2.03%) lead by hardware and equipment shares (TRMB +3.54%, AAPL +3.26%, ANET +2.76%)
  • Laggers: Energy shares, weaker on the open have rebounded (sector now +1.55%), replaced by Consumer Staples (-0.05%) as food and staples underperformed, namely Costco (COST -2.64%), with Industrials second to lowest sector (+0.90%).
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +7.51 at 356.61, Boeing (BA) +5.90 at 215.96, Home Depot (HD) +4.80 at 297.82. Laggers: United Health (UNH) -2.33 at 475.37, Travelers (TRV) -0.56 at 182.63, WMT -0.15 at 140.35.