US equities are choppy, if still mostly leaning on the weaker side. VIX is holding above 30… as the mainstream are not happy with the Fed/Powell. There also remains the Ukraine situation… which will take us beyond the Winter Olympics (Feb’4-20).
sp’60min
VIX’60min
Summary
Sidenote… we’ve barely two full trading days left of January. Any settlement next Monday <4400 would be decisive, and bode badly for February… at least to around 4000.
Yours truly is content to sit back and wait… nevermind I’ve a truck load of personal projects to be more focused on.
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notable stock: AAPL
Apple has earnings in AH. The problem is that monthly momentum is weakening… both for the stock and main market. Psy’ $150 looks pretty easy.
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notable stock: HOOD
Robinhood has earnings in AH. Absolute m/t horror, sub $10 looks almost inevitable. I consider the stock sideshow entertainment.
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notable stock: X
US Steel has earnings in AH. Tough to call. The stock is s/t broken, and arguably even the bold will leave it alone.
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notable miner: FCX
Freeport lower with copper and the main market. Red gap 32/31s?
back at the close…