US equities remain choppy, if mostly leaning a little higher. The s/t setup arguably favours the bulls… at least to teal gap. The bears should remain concerned Powell will offer an upward spike early Friday… before another swing lower.
sp’60min
VIX’60min
Summary
Little to add.
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notable stock: NVDA
Nvidia has earnings in AH.
The recent profits warning doesn’t bode well.
A recession will be a problem into 2023.
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notable stock: CRM
Salesforce has earnings in AH.
Hirings should increasingly drop off, and that won’t help into 2023.
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notable Dow component: AAPL
Reflective of the main market. S/t bullish for 1-2 days, then renewed cooling.
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notable energy: EQT
Nat’ gas stocks broadly super strong.
European Natgas prices hit $300.00… vs the $9s of the USA.
I remain on the wrong side of the Atlantic.
Time to catch a sunset, back at the close…