US equities open on a weak note, ahead of Powell. WTIC $73.17. Copper -15cents at $4.55.
sp’60min
VIX’60min
Summary
S/t bearish to 5905… unless >6100.
Lets see if Powell says anything to annoy Mr Market.
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notable stock: AAPL
Chatter of a partnership with Alibaba, in terms of AI for the iPhone
S/t broken, daily momo due to turn negative. 200dma $220s.
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notable Dow component: KO
Earnings were broadly fine…
EPS 55cents vs 52est. Rev’ y/y +6.0% to $11.50bn vs 1.068est
The opening candle is black, and the cautious will be out!
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notable strength: INTC
I see no official news… but there is renewed background chatter of a ‘buyout’. Daily momo has turned positive. Next resistance around $22.00
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notable miner: CLF
For the s/t at least… all tariff talk is bullish the steel stocks.
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The Powell can be expected to speak from 10aM > 1pm
Settle in… or maybe watch a movie?