US equities are set for very significant gains. S/t momentum is offering a provisional rollover, although Tuesday could easily open higher, before a better chance at a reversal (much like Friday). VIX has been ground to the 30s. USD is -1.1% at 111.94.
sp’60min
VIX’60min
Summary
The Friday high of 3712 is important… but far more so… 3806. Even then, it would do nothing to the m/t trend. Of course… if the latter, the s/t bears will largely get ground out.
*background chatter that PM Truss of the UK regime is going to get pressured enough to resign within the next few days. In theory, it should weaken the Pound.
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notable Dow component: AAPL
Reflective of the main market. Momentum is positive for the first since since mid August.
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notable Dow component: INTC
Intel is set for net gains, but its clearly still m/t horror. Big target remains 21/20.
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notable strength: TSLA
Very powerful gains… if still below last Friday morning’s high. Earnings Wed’ AH
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notable weakness: RUM
Truly… bizarre, as there is no bad news.
I guess its still less bizarre than the main market.
back at the close…