US equities remain in micro chop mode. It seems likely a few of the indexes might settle with reversal candles, which would lean bullish, at least for part of Thursday.
sp’60min
VIX’60min
Summary
Suffice to add… price action remains tedious. Bears could argue its a churn day, after yesterday’s broad declines, with Thursday to offer more. Bulls don’t have to counter with anything, as Monday broke a new hist’ high.
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notable stock: NVDA
Nvidia has earnings in AH, which should be very good, with a positive outlook.
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notable stock: CSCO
Cisco Systems has earnings in AH, which should be fine.
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notable stock: TGT
Fine earnings but Target sold lower, if somewhat less than Home Depot did.
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notable steel: X
US Steel powering upward, helped by the Credit Suisse upgrade 41>49, which ironically makes yours truly target of 37/38s look rather bearish!
Time to venture out… if briefly. Back at the close…