US equities are leaning on the weaker side as s/t momentum has turned negative. Any price action <3900 looks unlikely ahead of the weekend. VIX isn’t offering the equity bears anything.
sp’60min
VIX’60min
Summary
RE: KMI…. yours truly is out. I was further inclined to cash out some gains, after seeing OXY, SLB, and RIG getting whacked! I’ll look to drop another one tomorrow, and the rest before the Fed!
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notable trans: UAL
Airlines hit hard… after earnings.
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notable energy: SLB
Earnings are due tomorrow morning.
I hold, and I’m hoping for a spike to the $36s.
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notable energy: XOM
Lower with the sector. The recent low should comfortably hold.
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notable Dow component: CAT
In a week… acceptance of a recession isn’t going to help this one.
Time for a much needed lunch…