US equities are clawing upward, with indexes due to settle net higher to some degree. The R2K and the Dow are still lagging… if +0.3%. VIX is due to settle in the 21/20s. WTIC $73.64… if still well above the low of $72.69
sp’60min
VIX’60min
Summary
*Yes, I know its Tuesday, but I’m more tired than I thought, having been expecting the FOMC mins today, when they’re due Wed’ 2pm.
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For a black daily candle, the bears need SPX <5719, but that looks out of range.
If anything, news that Israel is attacking Syria this evening, is another reminder that there is no realistic hope of peace in the middle east. Its going to just keep escalating, and I’d be mindful that Turkey will be increasingly inclined to get involved, which would really confuse things, as its a NATO member.
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notable stock: NFLX
JPM, overweight, $750.
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notable defense: LMT
The price action is subdued, but its arguably just bullish consolidation, ahead of new historic highs. Further ‘events’ in the middle east will clearly drive the stock/sector upward.
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notable strength: HD
New hist’ high, as yesterday’s hollow red reversal candle played out.
Hurricane Milton is bullish hammers, nails, and wood panels, right?
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notable trans: UAL
A new multi-year high. United would certainly like to see Spirit Airlines and Jetblue go down in flames.
back at the close…