US equities remain in minor chop mode, if leaning on the weaker side. The setup favours the bears into Halloween.
sp’60min
VIX’60min
Summary
Broadly… price action remains tedious, but the cracks are there to be seen. Show me the 4450s! … and yes, I’d accept that looks out of range this week… unless we get some ‘spooky news’.
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notable Dow component: BA
You could endlessly argue whether Boeing is really improving. Support is breaking!
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notable stock: FB
Early buyers… but failing under the 200dma. Momentum has turned negative. Psy’ $300 looks easy.
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notable energy: RIG
Drill baby… drill! Target $3.50 or so.
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notable steel: X
Earnings due Thurs’ AH should show improvement. The problem for prospective buyers… the main market is weakening.
time for a much needed lunch…