US equities open on a weak note, largely pressured by European markets. USD is +0.2% at 101.85. US 10yr 3.76%.
sp’60min
VIX’60min
Summary
*we’ve opening reversal candles in the SPX and VIX
I really don’t expect much from today.
Bulls can look for indexes to turn green at some point.
The micro 5/15/60min cycles are all on the low side.
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notable stock: TSLA
Yesterday’s bearish engulfing candle played out.
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notable weakness: BA
News of striking workers isn’t helping.
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notable ag’ ETF: CORN
Just s/t over-stretched. I’m not allowed to buy US listed ETFs, but I could buy the Aug’ or Nov’ CALLS. Something to watch into next week. No hurry.
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notable retail: AMZN
Chatter that Amazon might want to buy Ocado of the UK.
Its the UK’s version of Wholefoods.