US equities are set for net daily gains of some degree, which is rather impressive ahead of CPI. VIX has picked up to the 21s.
sp’60min
VIX’60min
Summary
Well, I can almost understand the very bold picking up something short ahead of CPI. Whilst the hourly cycle favours the bears… the daily does NOT.
I’m not getting involved.
—
notable stock: KBH
KB Home has earnings in AH…. which should be ‘fine’. The outlook has to be suspect though, as the economy slows.
–
notable stock: TSLA
Fine gains for Tesla… s/t bullish.
–
notable strength: AMZN
Amazon impressively already near the $96s. Bodes s/t positive for the main market. I see considerable chatter that a key m/t floor is in. I don’t agree with that notion.
–
notable Dow component: AAPL
The $137s remain a valid target… where the 50dma will be next week!
back at the close…