US equities are bouncing, although indexes are very mixed… the SPX is broadly flat, Nasdaq +1.0%, with the Trans -2.1%.
sp’60min
VIX’60min
Summary
Even if we settle net higher, with a new cycle low of 5528, it should be seen as a net bearish day. Wed’/Thurs’ will offer capitulation around 5400… to sync with an almost full moon.
—
notable stock: AAPL
One of a number of stocks that lost its 200dma.
–
notable weakness: DIS
Rough day for the mouse, dragged down by the airlines, on concerns of less travel… due to expected economic slowing.
–
notable strength: TSLA
Set for powerful gains, but that is after a Monday massacre.
–
notable stock: CLF
A new cycle low of $8.50, if recovering upward, as Mr Market is trying to figure out if Tariffs will be a net positive.
back at the close…