It was another pretty tedious day, the SPX printing 4134, but recovering to settle effectively u/c at 4154. Meanwhile, WTIC settled -$1.66 (2.0%) to $79.24.
sp’weekly1c
WTIC daily
Summary
SPX: As things are, even a weekly settlement <4120 is looking a stretch. Momentum is increasingly positive, with zero sign of a ceiling/turn.
WTIC: the third day lower of five, printing $78.53. We’ve a downside gap to the $75s. Momentum is due to turn negative before the weekend.
–
Looking ahead
Thursday will see Weekly jobs, Phil’ Fed, existing homes, leading indicators
Earnings: TSM, AXP, RAD, T, NOK, ALK, BX, UNP, DRI, PM, NUE, KEY, STX, CSX
Event: SpaceX Starship… scheduled for 9.28am EST… but as ever, it could be delayed for a thousand reasons.
–
Final note
For those with an interest in the macro…. here is the very latest from Mr Long.
–
Chicago is unraveling, but its clearly not the only city… or nation, whose society is degrading for an array of reasons.
–
Goodnight from London
Yours… awaiting the series finale of Star Trek Picard