US equities begin the week on a positive note, although energy, financials, and transports are really struggling. VIX is a touch higher, although that is largely due to it being a new week.
sp’60min
VIX’60min
Summary
A positive open, but that just makes the market even more s/t overbought. Most realistic opp’ for a turn will be early Tuesday… notably, after the Trump rally this evening.
Meanwhile…
Remember, Stock Market at an All Time High, and going up. 401k’s at RECORD. With Sleepy Joe comes Tax Increases, jobs losses and DEPRESSION like never seen before!!! VOTE!!!
— Donald J. Trump (@realDonaldTrump) October 12, 2020
Its always fascinating to see such posts.
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notable stock: TWTR
Deutsche Bank, hold>buy, 36>56.
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notable Dow component: AAPL
RBC 111>132
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notable airline: UAL
Earnings due Wed’ AH. Clearly, Q3 will only be marginally less horrific than Q2.
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notable mining ETF: GDX, 60min
Miners opening weak with gold/silver. As ever, any main market downside will be a pressure on the sector. Cyclically very high… due some cooling!