US equities open on a positive note, but its not going to take much to see indexes turn red. VIX is churning the 23s. Gold $1958. Silver $25.91.
sp’60min
VIX’60min
Summary
Soft target remains the Monday low of 4424, with secondary of the 4350s or so. It’d sure help the bearish case if we can settle with daily black candles… or outright red.
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notable stock: CLF
A new multi-year high, as JPM 37>44 is certainly helping.
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notable stock: TSLA
This one merits attention, as if it can’t clear $1040… it bodes that yesterday was a s/t exhaustion top.
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notable strength: UBER
Its reached a deal to list all NYC Yellow cabs on its app. The current black candle around the 50dma should be a concern… for what is m/t horror.
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notable Dow component: AAPL
Bears really should be seeking to see this hold under the Feb’ $176s.
Time for an early lunch…