US equities are choppy, if significantly lower. The SPX has cooled from 4365 to break a new intraday low of 4347. VIX is set for a close in the 16/15s… still relatively low.
sp’60min
VIX’60min
Summary
Suffice to add… we’re set for broad/sig’ declines.
Even if Friday opens positive, I’d look for a downside reversal.
On no basis does 4335 look like it will hold.
From there… m/t rising trend… currently 4240s, and 4250s next week.
*I will hold overnight…
Block’1 SPY Oct’20th $430
Block’2.. a ‘hold until Monday Oct’2nd’ SPY crash position
More on those in AH.
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notable bond yield proxy: TNX,60min
Yields just seeing ‘bullish consolidation’.
How long until the mainstream start wondering about 5.00% ?
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notable stock: NVDA
The AI hysteria continues to be ground out.
Natural target $346s.
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notable strength: FDX
Earnings weren’t as great as some believe. The smarter ones will arguably be selling into the jump.
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notable retail: TGT
The horror continues… as psy’ $100 is the natural target.
back at the close…