US equities are increasingly weak… if still only ‘minor’. VIX has printed the 19s, but anything sustained above the key 20 threshold still seems unlikely. WTIC continues to churn the $69s.
sp’60min
VIX’60min
Summary
Next opp’ for a turn will be around 2.30pm. Even if we settle net lower, it does NOT merit even mild hysteria, with a long series of higher highs and higher lows.
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notable Dow component: AAPL
Apple is struggling. Next Tuesday’s event will offer a jump upward.
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notable airline: UAL
United back on the descent… but its all s/t turbulence. The recent $43/42s should hold.
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notable energy: MRO
Price action is increasingly tight. I have to expect an upward break with WTIC >$70.
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notable miner: CCJ
Cameco powering upward, set for a key close in the $23s. The door has effectively opened to the $35s.
Time to check on the cheerleaders…