US STOCKS: Late Equities Roundup: Dow Slips Lower in Late Trade, Chip Stocks Up

• RES 4: 165.88 2.0% 10-dma envelope
• RES 3: 165.43 High Nov 8        
• RES 2: 164.90 High Dec 30 ‘24 and a key medium-term resistance   
• RES 1: 164.63 High Mar 18 and the bull trigger 
• PRICE: 163.15 @ 15:05 GMT May 5
• SUP 1: 162.37 20-day EMA     
• SUP 2: 161.65 50-day EMA
• SUP 3: 160.99 Low Apr 22   
• SUP 4: 159.48 Low Apr 9 

A bullish theme in EURJPY remains intact and last Thursday’s rally reinforces current trend conditions. The cross has pierced key resistance at 164.19, the Mar 18 high. A clear break of this hurdle would confirm a resumption of the bull cycle that started Feb 28. This would open 164.90 next, the Dec 30 ‘24 high. First key support to watch is 161.65, the 50-day EMA. Clearance of this level would undermine the bull cycle. 

• Stocks continue to inch higher late Monday, moderate gains in the DJIA outpacing weaker SPX eminis and Nasdaq indexes at the moment. Currently, the DJIA trades up 65.13 points (0.16%) at 41381.93, S&P E-Minis down 11 points (-0.19%) at 5698, Nasdaq down 42.7 points (-0.2%) at 17935.12.
• Industrials and Consumer Services sectors led gainers in the second half, mostly travel related shares supported the former: Delta Air Lines +3.44%, Cummins +2.38%, United Airlines +2.38% and Uber Technologies +2.21%.
• Interactive media and entertainment supported the Consumer Services sector: Charter Communications +3.17%, Take-Two Interactive +2.64%, Electronic Arts +2.56% and Live Nation Entertainment +2.09%.
• Conversely, oil and gas stocks continued to weigh on the Energy sector as crude remains weaker (WTI -1.16 at 57.13): APA -3.92%, Occidental Petroleum -3.52%, ConocoPhillips -2.99%, ONEOK Inc -2.50% and Exxon Mobil -2.38%.
• Consumer Discretionary sector weighed by Starbucks -2.80%, Chipotle Mexican Grill -2.33%, Mohawk Industries -2.03%, Tesla -1.54% and NIKE -1.42%.
• Latest earnings after the close include: Neurocrine Biosciences, Ford Motor, Mattel Inc, Clorox, Diamondback Energy, Coterra Energy, Vertex Pharmaceuticals, Celanese, Williams Cos, Realty Income, Hims & Hers Health and Palantir Technologies .

• +15,000 SFRM5 95.68/95.75/95.81/95.87 put condors, 2.0 ref 95.78