US equities are set for significant net daily gains, with VIX 25s reflective of a comfortable mainstream, ahead of day’1 of the FOMC.
sp’60min
VIX’60min
Summary
Orange gap will probably be tagged into the close, or more viable… early Tuesday. From there… up again, to the 3440/60 zone.
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notable stock: LEN
Lennar has earnings in AH. Whilst Q2 won’t have been pretty, I’d imagine the outlook for Q3, and into 2021 can be only be an improvement. The current black candle should be a concern.
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notable biotech ETF: IBB
Set for powerful net gains… and we should see some bullish follow through on Tuesday.
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notable hysteria: TSLA
options: >62000 Sept’ $400 CALLS ($20 per contract… or so), but I’m guessing they’ll be worthless this Friday at 4pm.
back at the close…