US equities are very significantly lower. VIX has printed 17.01… nearing last Friday’s high. WTIC has clawed into the $78s, helped by a weaker dollar.
sp’60min
VIX’60min
Summary
Biggest down day… since at least April.
Support 5440/30s…. then seeking a bounce to 5610. The latter would make for a key lower high. To be clear… I would not see today’s drop as a valid buying opp…. and more focus on seeing the bounces as shortable.
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notable stock: TSLA
The bulk of the decline has clearly occurred, with the current candle increasingly spiky from red gap.
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notable Dow component: AAPL
Just lower with the sector/main market.
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notable fin: DB
Buyback suspended… lousy earnings, and issues with CRE.
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notable semicon: AMD
Recent structure was a bear flag from the 200dma… now its open air to orange gap.
Time for lunch