DALY: HEALTHCARE COSTS ANOTHER FACTOR PUSHING INFLATION UP
Mar-04 18:45
- DALY: HEALTHCARE COSTS ANOTHER FACTOR PUSHING INFLATION UP
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STIR: BLOCK, More Dec'23 Vol Sales
Feb-02 18:36
- Total -15,000 SFRZ3 95.75 straddles, 67.0 ref 95.70 recently - follows earlier sale of 20,000 SFRZ 95.68 straddles at 67.0.
US STOCKS: Equity Roundup: Near Highs, Communication Services Outperforms
Feb-02 18:31
Major indexes trade mostly higher, modestly weaker DJIA underperforming SPX eminis and Nasdaq. SPX eminis currently trades +60.5 (1.46%) at 4193; DJIA -102.01 (-0.3%) at 33993.18; Nasdaq +384.8 (3.3%) at 12201.41.
- SPX leading/lagging sectors: Communication Services sector surged 6.37%, outpacing Consumer Discretionary (+3.59%) and Real Estate (+2.83%). Interactive media and services shares lead the rally, particularly Meta (formerly Facebook) +25.73%, followed by Google (+5.95%), Dish (+5.73%), Paramount (PARA) +5.08% and News Corp (NWS) +4.35%. Auto makers supported Consumer Discretionary for a third session w/ Tesla +7.03%, GM +6.41% and F +5.08%.
- Laggers: Energy (-2.26%) weighed by O&G drillers, refiners and equipment servicers (COP -4.77%, SLB -4.74%, HAL -4.14%, HES -3.18%). Health Care (-1.13%) and Consumer Staples (-1.04%) followed.
- Dow Industrials Leaders/Laggers: Rebounding from prior session sales Home Depot (HD) gained +11.65 tp 339.74, Microsoft (MSFT) +8.73 at 261.48, Goldman Sachs (GS) +6.54 at 372.25. Laggers: United Health (UNH) hammered: -26.75 at 470.25, AMGN -6.79 at 239.62, Merck (MRK) -5.04 at 101.94.
- Earning after the close: AAPL($1.94 est), F ($.61 est), Google ($1.19 est), QCOM ($2.34 est), AMZN ($0.17 est), GILD ($1.50 est), SBUX ($0.77 est).
GBPUSD TECHS: Trend Needle Points North
Feb-02 18:30
- RES 4: 1.2599 High Jun 7
- RES 3: 1.2558 High Jub 9, 2022
- RES 2: 1.2506 1.382 proj of the Sep 26 - Oct 5 - Oct 12 price swing
- RES 1: 1.2448 High Jan 23 and the bull trigger
- PRICE: 1.2255 @ 16:40 GMT Feb 2
- SUP 1: 1.2240 Low Feb 2 and key S/T support
- SUP 2: 1.2143 50-day EMA
- SUP 3: 1.2089 Low Jan 12
- SUP 4: 1.2000 Round number support
GBPUSD traded lower into the close, extending the gap with recent highs. The 4-month uptrend is intact for now - moving average studies are in a bull-mode position and this reflects bullish market sentiment. Price has recently pierced resistance at 1.2446, the Dec 14 high. A clear break of this hurdle would confirm a resumption of the uptrend and open 1.2506, a Fibonacci projection. Initial firm support to watch is 1.2143, the 50-day EMA.
