US equities remain in minor chop mode, as the market continues to burn off s/t oversold conditions. Thursday still threatens a tag of orange gap, ahead of OPEX.
sp’60min
VIX’60min
Summary
Little to add.
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notable stock: INTC
Intel is due to settle with a black daily candle, and that won’t bode well for Thursday. Those chasing the opening hysteria… are seriously underwater.
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notable stock: TWTR
Twitter catching a bounce… but this one is s/t vulnerable. The real problems should become clear with Q1 earnings… but that isn’t until late April.
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notable Dow component: AAPL
Apple is pushing upward. I’d keep in mind yesterday’s UOA, the Jan’22 $138 CALLS… which are a few dollars closer today.
Time to check on the cheerleaders…