US equity indexes remain mixed, with the SPX, Nasdaq, and Dow red, whilst the two leaders – Trans/R2K, remain moderately higher. WTIC $70.10, with Natgas $2.55.
sp’60min
VIX’60min
Summary
S/t equity momentum is sustainably negative.
S/t VIX momo’ due to turn positive.
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notable stock: BA
I see any and all bounces as such. Target $130s. The company filed with the SEC… it might raise $25bn ($10bn stock, $15bn corp’ debt).
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notable weakness: AMD
Mostly concerns about possible trade restrictions… especially under a Trump admin’, which would naturally (and rightly!) favour Intel
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notable foundry: AMAT
EXTREMELY ugly bearish engulfing candle. Momo due to turn neg’.
Reflective of the smashed down foundries, mostly on concerns of trade restrictions.
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notable trans: CCL
New multi-year high.
Carnival helping to prop up the Transports index.
time for a late lunch