US equities are choppy, if set for very significant gains. VIX is due to settle in the 29/28s. USD is +1.0% at 99.69.
sp’60min
VIX’60min
Summary
Regardless of the exact close, its been a very bullish day… as many have already forgotten about Monday. Net bullish into the May 7th FOMC.
—
notable stock: IBM
International Business Machines has earnings in AH
The current candle is black from the 50dma, and leans bearish.
–
notable stock: AAPL
Reflective of the Nasdaq. S/t bullish to the 200dma.
Earnings next Thurs’ AH
–
notable strength: TSLA
Earnings sure weren’t pretty, but the stock is set for very powerful gains.
I’m sure many of the bears are utterly bewildered… and annoyed.
–
notable semicon: INTC
Momo due to turn positive. Earnings are due Thurs’ AH, and the stock appears set for the $22/23s.
back at the close…