US equities open very significantly lower, but its just a minor retrace of yesterday’s monstrous ramp. WTIC cooled to $59.43. USD -1.3% at 101.20.
sp’60min
VIX’60min
Summary
Headline y/y: 2.4% vs 2.8% prior
Core y/y: 2.8% vs 3.1% prior
The Fed should be very pleased with that, and it’d give them extra leeway for a -25bps rate cut May 7th
Bears have until around 11am.
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notable stock: AAPL
Relative to yesterday’s gain… its just a retrace.
The current candle is a reversal, as the buyers are out there!
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notable semicon: NVDA
Momentum has still turned positive.
S/t bullish 125/130.
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notable fin: JPM
Earnings due early Friday should be fine.
The bold will be buying this morning.
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notable steel: X
Yesterday in AH
Trump “We don’t want to see it go to Japan”