US equities are battling to stay positive… as the market is due some cooling ahead of the long weekend. VIX is trying to floor from 17.36.
sp’60min
VIX’60min
Summary
We have a provisional cyclical rollover from 4748. Its going to take well into Thursday for momentum to turn negative.
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notable Dow component: AAPL
Reflective of the main market. Bulls should be somewhat cautious until we decisively clear the daily 10MA.
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notable Dow component: DIS
Disney sure is tired. New ep’ of Book of Boba Fett is out.
*saw Eternals last evening… far better than expected.
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notable horror: PTON
Considering the main market, today really is lousy, as there is no sign of a short/mid term floor.
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notable energy: SLB
A number of the energy stocks are offering m/t double tops. On any basis… s/t VERY over-stretched, even the bold will NOT be buying/adding.
Time to venture out…