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Late Equity Roundup: Inching Lower

US STOCKS

Stock indexes trading mildly weaker by the FI close, poised to extend late session lows. Currently, SPX eminis trades --8.0 (-0.19%) at 4139.25; DJIA +17.87 (0.05%) at 32824.18; Nasdaq -26.1 (-0.2%) at 12632.75.

  • Technicals: Despite the move off early highs, short-term trend conditions in S&P E-Minis are bullish. Continued gains confirm a resumption of the current bull cycle and maintain the positive price sequence of higher highs and higher lows. This opens 4204.75 next, May 31 high and the next key resistance. On the downside, initial trend support is at 3913.25, the Jul 26 low. The 50-day EMA intersects at 3998.05.
  • SPX leading/lagging sectors: Energy sector gains (+0.84%) lead by APA Corp (APA) +2.33%, Occidental Petroleum ((OXY) +2.07% and Diamond Back Energy (FANG) +2.04%; Real Estate and Materials sectors follow both +0.62%. Laggers: Information Technology (-1.02%) weighed by semiconductor makers (Nvidia hammered -8.24%), Consumer Staples (-0.16% and Industrials (-0.10%).
  • Dow Industrials Leaders/Laggers: Disney (DIS) +2.27 at 108.90, Honeywell (HON) +1.61 at 193.88 and Boeing (BA) +1.61 at 166.65. Laggers: Visa (V) -3.21 at 212.66, Microsoft -3.09 at 279.82, McDonalds (MCD) -2.73 at 256.50.
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Stock indexes trading mildly weaker by the FI close, poised to extend late session lows. Currently, SPX eminis trades --8.0 (-0.19%) at 4139.25; DJIA +17.87 (0.05%) at 32824.18; Nasdaq -26.1 (-0.2%) at 12632.75.

  • Technicals: Despite the move off early highs, short-term trend conditions in S&P E-Minis are bullish. Continued gains confirm a resumption of the current bull cycle and maintain the positive price sequence of higher highs and higher lows. This opens 4204.75 next, May 31 high and the next key resistance. On the downside, initial trend support is at 3913.25, the Jul 26 low. The 50-day EMA intersects at 3998.05.
  • SPX leading/lagging sectors: Energy sector gains (+0.84%) lead by APA Corp (APA) +2.33%, Occidental Petroleum ((OXY) +2.07% and Diamond Back Energy (FANG) +2.04%; Real Estate and Materials sectors follow both +0.62%. Laggers: Information Technology (-1.02%) weighed by semiconductor makers (Nvidia hammered -8.24%), Consumer Staples (-0.16% and Industrials (-0.10%).
  • Dow Industrials Leaders/Laggers: Disney (DIS) +2.27 at 108.90, Honeywell (HON) +1.61 at 193.88 and Boeing (BA) +1.61 at 166.65. Laggers: Visa (V) -3.21 at 212.66, Microsoft -3.09 at 279.82, McDonalds (MCD) -2.73 at 256.50.