US equity indexes are back to being rather mixed, with the SPX and Nasdaq net higher, but the Dow, Trans, R2K set for net declines. VIX is due to settle in the 19/18s.
sp’60min
VIX’60min
Summary
Well… its turned out to be a pretty messy Tuesday. We’ve seen an afternoon recovery, but s/t cyclically high, as the setup favour the bears for Wed-Thurs’.
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notable stock: GME
Gamestop has earnings in AH, which will no doubt capture some degree of hysteria, not least from the lunatics of Wallstreetbets.
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notable Dow component: JPM
That is one ugly bearish engulfing candle, and bodes bearish for at least another day or two.
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notable semicon: INTC
Underlying weakness, breaking a new multi-decade low. Target $16s
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notable stock: TSLA
Spurious gain… for no good reason.
back at the close…