US equities are moderately lower, with VIX due to settle in the 16/17s.
sp’60min
VIX’60min
Summary
Set for a fifth consecutive net daily decline.
We should expect some degree of rats exiting ahead of Powell.
Friday threatens a gap lower <6343, and then downward to 6271.
That’d spook a few.
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notable stock: AAPL
A sixth day lower… despite by news of AppleTV sub’ prices by 30%
Momo due to turn negative on Friday
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notable weakness: BMRN
Daily momo turned negative today, as sub $30 looks probable.
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notable retail: TGT
Target failed to dead cat bounce, as Wed’ reversal candle didn’t play out.
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notable stock: CBRL
-15% or so at the lows… on the ‘sterile’ rebrand.
The break <200dma is what matters.
back at the close…