US equities are choppy… if broadly lower. The two leaders – Trans/R2K, are sig’ lower, and suggestive the other indexes will see stronger downside on Thursday.
sp’60min
VIX’60min
Summary
A tag of yellow gap is realistic tomorrow. The more cautious looking to buy/add, will wait until AFTER the long weekend.
*minor note… I noticed Nordstrom (JWN) has officially been delisted as of today, after being taken private.
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notable retail: AMZN
Leading the main market lower. Momo due to turn negative in 2-3 days.
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notable stock: AMD
New chips… unveiled at computex…
… with AMD treating the independent reviewers better than NVDA.
*guest appearance at t+4mins, by an Nvidia bat.
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notable strength: GOOGL
Pushing against the 200dma.
Background hysteria about ‘smartglasses’
Rosenblatt, neutral, $189
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notable energy: PSX
Boardroom turmoil. Activist investor/group Elliott Mgmt… got 2 seats of the 4 they wanted. Mr Market is rather ironically annoyed, as I guess they hoped the company would be cut into pieces.
time for a light lunch