US equity indexes remain a little choppy, still mostly leaning on the weaker side. VIX is showing no concern in the 24s. USD is +0.7% in the 90.62s, which is a downward pressure on most things.
sp’60min
VIX’60min
Summary
Further chop can be expected into the close. Even if Wednesday opens positive, I don’t expect anything above resistance of 3709/12. The mid/low 3600s remain a magnet ahead of Thurs’ 1pm.
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notable stock: AAPL
A bullish day for Apple, as new hist’ highs aren’t far off. The talk about an Apple Car will likely be a story across next year.
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notable weakness: TSLA
Whilst the stock was leaning weak since Monday, today’s Apple chatter has to be part of the downward pressure. Momentum has turned negative, and bodes problematic for Wed/Thurs’.
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notable airline: UAL
United is reflective of the sector. Yesterday’s reversal candle did play out… initially. Today is set for a bearish engulfing candle, which bodes s/t bearish.
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notable stock: PTON
A new hist’ high on the purchase of Precor, and helped by some upgrades.
back at the close…