US equities are mostly set for broad declines. The R2K remains resilient… for no known reason. The ‘old leader’ – Transports, is leading the way down.
sp’60min
VIX’60min
Summary
Little to add, for what has been a pretty tedious, if net bearish Tuesday. The s/t cyclical setup favours the bulls, but with daily momo continuing to weaken, I lean net bearish for at least a few days.
Golden Dome… 3pm >>
I’d keep an eye on space stocks: ASTS, RKLB, KRMN
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notable stock: PANW
Palo Alto Network has earnings in AH. Its not one I follow.
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notable weakness: AAPL
A fifth day lower. S/t bearish to around psy’ $200
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notable health: MRNA
If anything, vol’ has been very high today.
‘The FDA will hold to its existing process for C19 shots for older adults and those at risk of severe illness. For everyone else, they expect drugmakers to run new clinical trials.
You can see it as progress, but the Trump regime appears too afraid to even consider banning mRNA shots.
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notable car: TSLA
Today’s candle is black. S/t bearish.
Musk comments that he expects to remain CEO in five years time… unless “Well, I might die”.
Yours… quietly watching XRP at $2.32. (am in no hurry!)
back at the close…