US equities are choppy, if still moderately lower. VIX remains repressed in the 17/16s. WTIC has printed $77.15.
sp’60min
VIX’60min
Summary
*Leading indicators: -1.2% vs -0.5% (prior rev’)… just another data point warning of a slowdown.
The daily 10Ma is around 4129. Bears need to take it out… preferably with a weekly settlement around 4100, which would make for a net weekly decline, and offer 4030/4k next week.
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notable stock: T
Earnings were arguably ‘fine’, but the market is frustrated with this comms/media giant.
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notable semicon: MU
I see no news. The $65s should hold as massive resistance.
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notable strength: LVS
Earnings were far better than expected… especially helped by a loosening up of C19 restrictions in China.
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notable stock: TSLA
Very powerfully lower… and should settle this way.
Time for lunch…