Most US equities are set for net daily gains, whilst the Nasdaq is marginally red. VIX remains repressed in the 15/14s.
sp’60min
VIX’60min
Summary
Regardless of the exact close, with a new hist’ high of 6104, its been a net bullish day. All things considered, the bulls should be VERY pleased with ongoing price action.
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notable stock: DIS
Wednesday’s black candle initially/marginally played out. The next Marvel movie (Brave New World) looks set to be a loss making mess, with talk it needs sales of $1bn just to breakeven.
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notable stock: BA
Multi-week structure is a bull flag. Momo due to turn + on Friday.
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notable Dow component: AAPL
Today’s candle isn’t so great. Maybe another test of the 200dma.
In any case… cyclically VERY low.
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notable stock: INTC
Mostly just lower with the sector. Its somewhat annoying, but I’m in this for earnings… due next Thurs’ AH, Jan’30th
back at the close…