US equity indexes are pretty mixed, with moderate weakness in the Nasdaq, but sig’ gains in the Transports. On any basis, with THREE indexes (spx, dow, nyse comp’) breaking new hist’ highs, its been a bullish week. WTIC has printed $83.88
sp’60min
VIX’60min
Summary
Chop chop… chop… and yours truly will be glad for the bell. Whilst I haven’t bought anything this week, its certainly not due to a case of trading paralysis. I’m just content to wait for the 4450s.
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notable stock: CLF
Earnings were good, and the outlook for almost anything commodity related is positive. Its a little annoying to not be in this one.
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notable dow component: INTC
Despite a major drop, there really isn’t any support until 46/44 or so.
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notable horror: SNAP
Support 51/psy’50, which seems due next week. Upset SNAP bulls should probably send their complaints to Apple.
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notable energy: SLB
Fine earnings, if holding up far better than KMI did. I want to buy both… but no hurry until at least the sp’4450s or lower, and preferably with WTIC 77/76s… which isn’t a stretch.
back at the close…