SPY / QQQ / Vix
SPY 5 days, hourly candles S&P futures pushed over the highs from yesterday/Thursday, but currently falling back into yesterdays range 410.85 the pre mkt high
409.37 the pre mkt low so far
SPY 3 months, daily candles A slight push over Thursdays high here yesterday, as bulls look for more follow thru today to gain a clear new daily "higher low" at Thursdays low/just above the daily 12ema(white), within the context of the daily uptrend. (resistance)
409.69 the high from yesterday
411.92 the recent high
415.05
416.97-418.31 (support)
405.68-405.97
404.70 the daily 12ema
404.35 small open gap
402.03 the 50 day MA(blue)
401.60 small open gap
QQQ 5 days, hourly candles Nasdaq futures also pushed over yesterdays high, also currently falling back into that range 319.02 the pre mkt high
317.07 the pre mkt low so far
QQQ 3 months, daily candles
Another poke of the 12ema and peek underneath but got back above it by close. Inside bar day yesterday, watching for which way that breaks today.
(support)
314.52 that 12ema
312.82-313.25 the low(s) from the past two trading days
310.05
308.20 open gap
304.77 the last daily "higher low" in the context of the daily uptrend
(resistance)
317.92 the high from yesterday
318.55-319.06
321.63 the recent high
April Vix futures 3months, daily candles
The slow trickle under all recent lows continues
Spot Vix 3months, daily candles
Another test of 20 yesterday, followed by yet another rejection
TLT 6 months, daily candles
Backing off against that longer term resistance level in the 109-110 zone, which goes all the way back to December, once again
https://www.briefing.com/stock-market-update
[BRIEFING.COM] S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: -18.00.The S&P 500 futures are down 1 point and are trading in line with fair value. The Nasdaq 100 futures are down 18 points and are trading 0.1% below fair value. The Dow Jones Industrial Average futures are down 12 points and are trading slightly below fair value.
Equity futures have been mixed again this morning. There's not a lot of conviction in the market due to a lack of real impactful corporate news, along with some hesitancy ahead of the March Consumer Price Index tomorrow and earnings from several large banks on Friday.
China received pleasing inflation data in the form of the March Consumer Price Index, which was cooler than expected, reducing the yr/yr rate to 0.7%, its lowest level since September 2021.
President Biden signed legislation that terminates the national emergency related to the COVID-19 pandemic.
NY Fed President Williams (FOMC voter) said he expects inflation pressures to gradually cool and for unemployment rate to increase to 4.0-4.5%, according to Reuters.
In corporate news:
Coinbase Global (COIN 67.86, +1.73, +2.6%): higher in response to Bitcoin moving above $30,000
Newmont Goldcorp (NEM 49.75, -1.34, -2.6%): to enter into confirmatory due diligence on Newcrest (NCMGY)
Moderna (MRNA 149.50, -10.65, -6.7%): first influenza candidate, mRNA-1010, did not accrue sufficient cases at the interim efficacy analysis to declare early success
CarMax (KMX 71.00, +5.14, +7.8%): beats by $0.20, misses on revs
UnitedHealth (UNH 515.50, +0.32, +0.1%): Morgan Stanley switched top pick to UNH from Cigna; rates UNH Overweight
ADTRAN (ADTN 12.70, -2.41, -16.0%): sees Q1 revs well below consensus
