Most indexes are set for moderate gains. The s/t cyclical upset favours renewed cooling, although I’d be open to Tuesday opening marginally positive.
sp’60min
VIX’60min
Summary
At best… the bears will settle <4480, which would make for a black daily candle. The foray above the 50dma argues strongly against anything crashy. Instead… 4335, at best… 4240.
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notable stock: ORCL
Oracle has earnings in AH.
Its not one I follow. The stock threatens a double top from the $127s. The cautious NOT be involved. RSI 70s
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notable Dow component: AAPL
Background mild hysteria about Tuesday’s event/iPhone15.
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notable strength: TSLA
The Morgan Stanley upgrade… lunacy, ahead of the Fall.
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notable miner: LAC
Algos pushing the lithium miners up… relative to Tesla.
back at the close…