US equity indexes have largely all turned red, for what is a rather standard turnaround Tuesday. VIX has re-taken the key 20 threshold. WTIC $70.10. Gold printed $2680, with Silver $31.89.
sp’60min
VIX’60min
Summary
S/t equity momentum turned (briefly) negative, but should be sustainably negative into the afternoon. Purple gap almost tagged. I have to wonder if the market makers would prefer a Friday-OPEX pin around 5700, rather than just 5800.
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notable stock: GS
New hist’ high, but swinging from +3% to -1%
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notable weakness: NVDA
Concerns of chip export restrictions.
Momentum is offering a rollover.
Bears could argue a m/t double top of 140/139.
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notable strength: AAPL
New hist’ high. Impressive.
Hopes of updated products, inc’ iPad mini ($499)
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notable media: NFLX
A third day lower… if from a new hist’ high.
Earnings are due Thurs’ AH.
Time to cook