US equities open moderately lower, as indexes look set for net daily declines. VIX printed 16.12, if already cooling back. Copper printed $3.90, a push >$4.00 would be VERY significant.
sp’60min
VIX’60min
Summary
Early weakness, but clearly nothing that merits hysteria.
Daily charts offer 4910/4900 before the weekend.
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notable stock: NVDA
Earnings are due in AH. From a purely cyclical perspective, the setup leans to the bears for Thursday.
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notable stock: AMZN
Set to join the Dow’30 next Monday morning.
Its long overdue.
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notable weakness: WBA
Walgreens being replaced by Amazon.
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notable energy: SLB
Battling upward… with oil trying to re-take the $78s.