US equities open on a positive note, but the market feels tired, as s/t momentum is on the high side. The bulls should be desperate for Powell to say something ‘nice’ early Friday.
sp’60min
VIX’60min
Summary
A tired market… and Powell is clearly going to help determine how the week settles. The cautious will be quietly walking away, whilst most just sit and wait. Yours truly remains comfortably… and entirely on the sidelines.
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notable stock: NVDA
Earnings weren’t great… but largely inline, as the market knew what to expect after the recent guidance update/profits warnings. The problem is a cash strapped gamer into 2023.
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notable stock: AMZN
News that Amazon is closing its ‘telehealth’ venture.
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notable health: MRNA
Psy’100/99 is on track, and that won’t require any kind of vax scandal.
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notable miner: FCX
Yesterday’s reversal candle played out.
Helped with copper printing $3.69