US STOCKS: Late Equities Roundup: Dow Slips Lower in Late Trade, Chip Stocks Up
Jun-04 19:05
- Stocks are holding mostly in late Wednesday trade, the Dow scaling back support while the Nasdaq extends modest session high on the back of strong gains in semiconductor makers.
- Currently, the DJIA trades down 10.24 points (-0.02%) at 42511.14, S&P E-Minis up 8.25 points (0.14%) at 5990.5, Nasdaq up 82.4 points (0.4%) at 19482.1.
- Tech stocks continued to outperform in the second half with ON Semiconductor +7.23%, NXP Semiconductors +5.74%, Lennar +3.21% and Seagate Technology +2.99%.
- Communication Services shares held earlier gains with Meta Platforms +2.92%, Live Nation Entertainment +2.66%, Netflix +1.85% and Match Group +1.56%.
- Conversely, Energy and Utility sectors continued to underperform as crude prices turned lower (WTI -0.43 to 62.98) after earlier headlines announced that "Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes," Bbg reported.
- Energy sector laggers included VValero Energy -3.08%, Phillips 66 -2.66%, Marathon Petroleum -2.62% and Schlumberger -2.48%. Meanwhile, Constellation Energy -3.30%, NRG Energy -1.76% and Vistra -1.51%.
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EURJPY TECHS: Pierces The Bull Trigger
May-05 19:00
- 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.
US STOCKS: Late Equities Roundup: DJIA Continues To Outpace SPX & Nasdaq
May-05 18:59
- 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 .
STIR: Jun'25 SOFR Put Condor Buy - Looking for More
May-05 18:31
- +15,000 SFRM5 95.68/95.75/95.81/95.87 put condors, 2.0 ref 95.78
