US equities remain choppy. VIX is churning the 23s. The weaker dollar is helping to prop most things up today.
sp’60min
VIX’60min
Summary
In theory, teal gap should be fully filled.
The only issue is whether green gap… or even a marginal higher high >4325.
Difficult to call. In any case… we’re on the high side of a multi-month bounce.
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notable Dow component: AAPL
Apple trying to build a floor from yellow gap. S/t bullish.
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notable stock: F
Just a bounce… as the 200dma looks secure into Sept’.
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notable steel: CLF
Just a s/t bounce. M/t broken.
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notable miner: LAC
Bouncing the rest of the commodity stocks.
The problem will be the main market into early Nov’.
Its cheerleader time, but I remain on CNBC vacation.