US equities are significantly lower, with the VIX having pushed into the 21s.
sp’60min
VIX’60min
Summary
Regardless of the close, its been a net bearish day, having taken out yesterday’s low of 3969. I’m surprised, but really shouldn’t be, for what is a typically red Thursday.
I sit back… and at least I’m not long anything right now.
I merely look for another time/price to re-short.
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notable stock: ORCL
Oracle has earnings in AH. A fine company, but the outlook has to be seen a suspect.
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notable stock: GPS
Gap has earnings in AH. Retail is one of the most vulnerable sectors into/across the spring.
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notable stock: ULTA
Ulta Beauty has earnings in AH. Whilst war paint is arguably somewhat recession resilient, I’d still be concerned about the outlook.
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notable stock: BAC
A really ugly day for the financials, as the monthly candles are warning of far grander ‘upset’ this April/May.
back at the close…