US equities are choppy, if starting to cool back from a new cycle high of 4499. USD is -0.5% at 99.65
sp’60min
VIX’60min
Summary
Well, we’re nearing the first typical turn time of 11am.
The micro 5/15/60min cycles favour the bears.
Market arguably needs an excuse for indexes to turn red, although the two leaders Trans & R2K, have already done that… if briefly.
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notable Dow component: MSFT
Higher with the main market, but its been a chop fest since early June.
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notable banking ETF: KRE
Regional banks nearing key resistance.
Today’s higher bond prices/lower yields are helping.
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notable trans: DAL
Good earnings, but a full downside reversal, with sellers into the new high.
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notable miner: FCX
Helped with copper printing $3.94… the latter helped by the weaker dollar.
Time for a much needed lunch…