US equities have taken a broad swing lower, with the SPX breaking a new cycle low. VIX breaks a fractional new cycle high of 29.57. USD is -0.5% at 103.47.
sp’60min
VIX’60min
Summary
Next support isn’t until around 5400…
A subsequent bounce to the intersecting 200/50dma in early April ?
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notable stock: HD
One way or another… this is going to print the $330s
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notable weakness: AAPL
Another stock (much like Disney) that has lost the 200dma.
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notable strength: AMZN
The bigger concern should be a weaker consumer into the summer.
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notable steel: CLF
A new cycle low, on underlying concerns of economic weakness.
If SPX 4500 or lower, CLF $5… or lower.
time for a light lunch