US equities remain moderately lower. SPX daily momentum is due to turn negative on Wed’. VIX daily momentum is due to follow on Thurs’. WTIC printed $89.29.
sp’60min
VIX’60min
Summary
*we’ve a clear little bounce from what is the lower side of the bear flag.
Without getting lost in the minor noise, daily SPX and VIX momentum is setup for the equity bears. CPI would be the natural excuse for some ‘market drama’.
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notable stock: MSFT
A key stock the bears need to see break s/t rising trend… as is due.
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notable weakness: AAPL
The fact the stock is already sig’ lower should concern the bulls.
Even if it initially spikes at 1pm… the stock IS still s/t broken anyway.
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notable strength: AMZN
Yesterday’s gain was only less ludicrous than Tesla.
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notable stock: TSLA
Teal gap tagged… and cooling back.