US equities are battling to build moderate gains. VIX remains repressed in the 18s. Gold printed $2063… just $33 shy of the Aug’2020 historic high. Natgas printed $2.00…. as summer is coming.
sp’60min
VIX’60min
Summary
It’d be surprising if yesterday’s truck load of black and bearish engulfing daily candles don’t play out. Its 11am… a typical turn time, and I’m still looking for indexes to turn red.
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notable stock: MU
Micron is one stock where yesterday’s bearish engulfing candle has already played out. Orange gap tagged.
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notable fin: BX
Higher, but that is a black candle, and will be prone to turning red this afternoon.
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notable trans: DAL
Early gains… but a full reversal.
I’m very dismissive of Delta’s positive outlook.
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notable Dow component: DIS
Yesterday’s high should NOT be breached.
Time for a much needed lunch…