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US STOCKS: E-mini S&P Pares Pre-Thanksgiving Losses

US STOCKS
  • ESZ4 has mostly eked out gains in holiday trade today, at 6029.75 at the early close (+0.25%).
  • It recoups some of yesterday’s -0.4% losses that at the time were seen as Nvidia led a broader “Magnificent Seven” drag on equity indices.
  • The bull trigger remains exposed at 6053.25 (Nov 11 high) whilst support is seen at 5951.31 (20-day EMA). 
  • E-minis show Nasdaq 100 modestly outperforming (+0.4%), the Dow Jones on par with the S&P 500 (+0.27%) and a second day of sizeable outperformance for the Russell 2000 (+0.8%).
  • Market operating hours over Thanksgiving:
    • Cash equities: Thursday Nov 28: Closed, Friday Nov 29: early close at 13:00 NY/12:00 Chicago
    • Equity futures: Thursday Nov 28: goes into pre-open (early close, no settlement) at 13:00 NY/12:00 Chicago, Friday Nov 29: Early close at 13:15 NY/12:15 Chicago
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  • ESZ4 has mostly eked out gains in holiday trade today, at 6029.75 at the early close (+0.25%).
  • It recoups some of yesterday’s -0.4% losses that at the time were seen as Nvidia led a broader “Magnificent Seven” drag on equity indices.
  • The bull trigger remains exposed at 6053.25 (Nov 11 high) whilst support is seen at 5951.31 (20-day EMA). 
  • E-minis show Nasdaq 100 modestly outperforming (+0.4%), the Dow Jones on par with the S&P 500 (+0.27%) and a second day of sizeable outperformance for the Russell 2000 (+0.8%).
  • Market operating hours over Thanksgiving:
    • Cash equities: Thursday Nov 28: Closed, Friday Nov 29: early close at 13:00 NY/12:00 Chicago
    • Equity futures: Thursday Nov 28: goes into pre-open (early close, no settlement) at 13:00 NY/12:00 Chicago, Friday Nov 29: Early close at 13:15 NY/12:15 Chicago