10am update – starting weak

US equities open moderately lower, with Oracle leading the way. USD is +0.2% at 104.80. US 10yr 4.292%

sp’60min

VIX’60min

Summary

*as of today’s closing hour, bears need <4465 to break the lower side of the bear flag. That is clearly within range. If we’re to test 4335 before the weekend, we need <4400 tomorrow.


notable stock: ORCL

Headline earnings were good, but the market was upset with guidance.

notable stock: AAPL

The 1pm ET event will capture attention.

notable strength: OXY

Helped with WTIC printing a new cycle high of $89.21.

notable miner: GOLD

Barrick Gold (initially) lower with gold printing $1929… the latter pressured by the dollar.