US equities open on a weak note… much like Wednesday. VIX is a little higher… if only the 17s. WTIC printed $77.33
sp’60min
VIX’60min
Summary
*weekly jobless claims: 245k vs 240 (prior revised).
The trend IS upward… if still slowly.
Phil’ Fed manu’ -31.3 vs -23.2 prior.
… as Q2 is more difficult than Q1.
As for equities, little to add.
Its simply a case of whether we can break AND close under the daily 10Ma (around 4125). Anything <4120 would be decisive.
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notable stock: TSLA
Earnings weren’t ‘bad’ as such, but the market is apparently not happy to hear the company is pushing for growth above profits. Yellow gap to be tagged.
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notable fin: AXP
The company is expecting (as it should) increasing consumer debt defaults… with a broader econ-slowdown. We’ve an initial spike from the 200dma. Momentum due to turn negative on Friday.
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notable Dow component: MSFT
Bears need this to lean weak, and pull back from the m/t double top of the $292s.
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notable energy: OXY
Red gap set to fully fill… which should sync with WTIC $75s.