US equities are choppy, if set for net daily declines of some degree. VIX appears due to settle above the key 20 threshold for a second week. A close >22 would be ‘useful’ to the bears. Gold printed $2019, as someone is perhaps sniffing something… coming ‘this weekend’.
sp’60min
VIX’60min
Summary
Regardless of the exact close, its set to be a net bearish day for a net bearish week. Ongoing price action isn’t pretty.
*yours truly will hold HEAVY short across the weekend.
I will hope for a Friday close <4100, with VIX >23s.
Primary target for next Mon/Tues’… SPX 4K with VIX 30.
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notable stock: AMZN
Net gains, but today’s candle is spiky, as the bulls are tired.
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notable weakness: JPM
This is one very ugly end to the week. You can argue Dimon was the excuse, but the loss of the 200dma merits alarm bells. Bearish to the $122s.
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notable stock: AAPL
Even if it settles net higher, it’ll be a second close <200dma.
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notable car: F
Outright post earnings horror for Ford. Wow!
back at the close…