US equities are significantly lower. The market is s/t oversold, and increasingly due a bounce. As things are… we are set for net daily declines of some degree. VIX has printed the 24s, as a weekly settlement above the key 20 threshold is assured. USD is +0.5%, printing a new cycle high of 101.18
sp’60min
VIX’60min
Summary
It ain’t pretty… as we’re far lower than seemed likely. Still though… now its a case of what degree of bounce we get.
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notable Dow component: MSFT
Alarm bells if <270. For now, I’m still guessing we lean back upward into May. An eventual loss of 270 will offer an ugly run to psy’$200.
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notable stock: NFLX
This remains one hell of a weak dead cat bounce. M/t bearish to $124.
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notable strength: TWTR
Twitter catching some buyers. Hope that Elon will raise his bid?
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notable miner: FCX
Bearish follow through… not helped by the main market, or copper printing $4.63.
Time for lunch…