US equity indexes remain moderately mixed, with the SPX, Dow, R2K, Trans, all having turned red. VIX is pushing for the key 20 threshold. WTIC has cooled to the upper $69s. USD is -0.2%… if still in the DXY 104s.
sp’60min
VIX’60min
Summary
With the SPX also turning negative, its starting to get interesting. Whilst the micro cycles are mixed. The bigger daily charts lean net bearish into early next week. At best… 5700, before a spike with the election of ‘orange man bad’. I think even team blue will be relieved to move onward from the current train wreck.
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notable stock: TSLA
A secondary push upward, as blue gap is set to fill.
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notable stock: AAPL
Momentum is in the process of turning negative.
Only s/t bearish if <221s
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notable energy: SLB
Mostly reflective of the sector.
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notable miner: NEM
The drop on earnings is unjustified.
Momentum has turned negative.
Raymond James, 65>66, RBC 54>53
time to venture out…