Technical Notes Steel ETF (SLX) moved above $72.44 to an all-time high extending an intermediate uptrend. Gold Bug Index ($HUI) moved above $442.77, Gold Miners ETF (GDX) moved above U.S.$54.70 and S&P/TSX Global Gold iShares (XGD.TO) moved above Cdn$32.40 to an all-time high extending intermediate uptrends. Strength was triggered by Agnico-Eagle Mines (AEM) on a […]

Pre-opening Comments for Tuesday July 22nd U.S. equity index futures were higher this morning. S&P 500 futures advanced 4 points at 8:30 AM EDT. Norfolk Southern advanced $2.62 to $280.00 on takeover rumors. CSX gained $1.38 to $35.74 on takeover rumors. Lockheed Martin dropped $37.53 to $423.00 after reporting less than consensus second quarter results. […]

Pre-opening Comments for Monday July 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points at 8:30 AM EDT. Verizon added $1.82 to $42.67 after reporting higher than consensus second quarter results. The company also raised guidance. Stellantis dropped $0.08 to $9.12 after warning about a $2.7 billion write […]

Pre-opening Comments for Friday July 18th U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points at 8:35 AM EDT. S&P 500 futures were unchanged following release of U.S. June Housing Starts at 8:30 AM EDT. Consensus was an increase to 1.300 million units from 1.256 million units in May. […]

Pre-opening Comments for Thursday July 17th U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:35 AM EDT S&P 500 futures added 2 points following release of economic news at 8:30 AM EDT. Consensus for July Philly Fed Index was a 0.1% drop versus a 0.4% drop in June. Actual […]