US equities are slowly cooling back, with most indexes due to settle net lower, if marginally.
sp’60min
VIX’60min
Summary
Regardless of the exact close, with a new hist’ high, its been a net bullish day. The s/t cyclical setup favours the bears for CPI-Thursday. Difficult to see anything sustained <6500 this side of the Fed.
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notable stock: GOOGL
Reflective of the main market, having printed a new hist’ high.
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notable weakness: AAPL
A fourth day lower… with a classic case of ‘post event depression’.
The much touted ‘foldable phone’ is another FULL YEAR away.
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notable strength: NVDA
Sig’ gains, but still below the recent $184s
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notable air taxi: JOBY
This morning saw news that it has partnered with UBER.
Today saw a downside reversal. S/t vulnerable… l/t very bullish.
back at the close…