First Call

First Call June 24, 2021

Jun 24, 2021

Thomas Thornton

  • S&P futures up 0.4% and Nasdaq futures are up 0.55% fading off highs in Thursday morning trading after US equities finished mixed in uneventful Wednesday trading. Stocks remain on track for strong weekly gains following last week's pullback.
  • I am on Real Vision later today at 4 pm speaking at the Festival of Learning (With Mike Green)
  • I am covering BIIB with a 15% gain as it's down after LLY Alzheimer's drug had positive news.
  • Two new Erlanger ETS momentum sell signals: IYR, and SMH - short both.
  • Asian markets narrowly mixed in quiet trade Thursday. Australia lagged, China and Japan were little changed and South Korea and Hong Kong outperformed.
  • European markets seeing good gains after a very weak day yesterday (closed on dead lows)
  • Treasuries are unchanged to a bit weaker. 10-year yields still below 1.50%.
  • Dollar weaker vs yen and a bit firmer vs euro.
  • Gold little changed.
  • WTI crude down 0.2%.
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