First Call

First Call April 26, 2021

Apr 26, 2021

Thomas Thornton

  • S&P futures down 0.1%, but off worst levels. Comes after the major US equity indexes finished lower last week. However, the index closed the week just 11 bp below its prior all-time high seen the prior Friday.
  • IWM Erlanger ETS sell signal - see chart on note and comment
  • Asian markets mixed overnight with Japan and Taiwan outperforming while China lagged with the Shanghai Composite down nearly 1% on continued concerns surrounding Huarong.
  • European markets mostly higher. UK FTSE 100 with new DeMark Sequential sell Countdown 13
  • Treasuries weaker, particularly in the belly of the curve.
  • Dollar a bit stronger on the yen and euro crosses.
  • Gold down 0.1%.
  • WTI crude down 1.3%.
  • Big week of earnings, economic data, and Fed meeting
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