US equities remain a little choppy, if still leaning on the positive side. VIX is still mostly being ground lower… with natural target of yellow gap.
sp’60min
VIX’60min
Summary
A tag of 5610… with VIX 13s, appears more likely than not.
The more patient bears will be waiting until its hit.
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notable stock: TSLA
Tesla has earnings in AH. This is clearly a wild card, and even the bold will arguably leave alone. Best guess… a break lower. The main market setup would suggest UP.
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notable stock: GOOGL
Alphabet has earnings in AH, which should be fine.
The cyclical setup favours the bulls.
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notable stock: UPS
A rough day, but then… its mid term bearish anyway.
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notable stock: DIS
Strikes appear due at the parks by around Labor day.
The stock is clearly going to reach orange gap.
back at the close…