US equities are choppy, if set for net daily declines of some degree, which should result in a wheel barrow of hollow red reversal candles, and boding s/t bullish for Powell-Wednesday.
sp’60min
VIX’60min
Summary
S/t bears should have bailed this morning, as the setup favours the bulls. I just wonder what Fedspeak nonsense the Powell will utter. Will it be enough to generate a marginal new high (>4448), before another swing lower?
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notable stock: FDX
FedEx has earnings in AH. I’m curious to hear what the outlook is, for what is a good indicator of the broader economy.
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notable stock: TSLA
The s/t speculative buyers remain out there.
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notable stock: INTC
One of the ugliest reversals I’m aware of today.
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notable fin: PYPL
KKR to buy up to $44bn of Paypal’s ‘buy now, pay later’ loan book.
Set to tag teal gap.
back at the close…