US equities are choppy, if still broadly weak. Next SPX support is psy’4200, and more so… the 4188/73 gap. VIX 31s… as the mainstream are understandably concerned about the summer ahead.
sp’60min
VIX’60min
Summary
The bounce attempts are still failing. Legacy red gap 4188/73 appears due late today/early Tuesday. Broadly… a bounce to 4380/90s is then due.
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notable stock: GOOGL
Alphabet one of the big techs… climbing ahead of earnings… Tues’ AH. The stock is m/t broken.
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notable weakness: SLB
A number of upgrades, JPM 42>50, but its not helping.
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notable steel: CLF
Cleveland in the $26s, which would make for a natural floor, before a bounce back into the low $30s.
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notable miner: AG
Silver miners whacked with the sector, not helped with silver printing $23.42.
time to check on the cheerleaders… who will surely be twitchy.