First Call

First Call April 6, 2021

Apr 6, 2021

Thomas Thornton

  • S&P futures down 0.1%
  • Equity bullish sentiment is now at peak extreme levels with S&P bullish sentiment at 90%
  • Asian markets mixed overnight with Australia the notable gainer on its return from holiday and Japan a laggard, down over 1%.
  • European markets mostly higher on their return from the long weekend.
  • Treasuries little changed to firmer at the back of the curve.
  • Dollar a bit stronger vs yen while little changed on euro cross.
  • Gold up 0.4%.
  • WTI crude up 1.5% after falling more than 4.5% in the prior session.
  • Bitcoin and Etherium have some DeMark exhaustion signals developing
  • A DeMark Sequential primer is posted at the bottom of this report for new subscribers