US equity indexes are rather mixed. The SPX is +0.2%, but the R2K is -1.2%, and is suggestive the broader market will not have the best of Thursdays.
sp’60min
VIX’60min
Summary
Suffice to add… considerable chop… with indexes set to close somewhat mixed. The s/t cyclical setup is mixed, but as its a Thursday, I’m leaning on the downside. Certainly, the energy sector supports that notion.
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notable Dow component: AAPL
A strong day. Early options (via Pete): >10000 Aug’ $185s… is a long way up… but the trend IS there.
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notable weakness: SLB
Reflective of the sector. Bearish engulfing candle leans distinctly s/t bearish. Note the 200dma in the $25s. Computer PF target $24s. I still hold this one… and would gladly add 25/24s !
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notable horror: SPCE
As I’ve said a few times lately… what goes up… much come down. Despite many good test flights, I can’t take the company seriously.
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notable Steel: X
S/t vulnerable with the main market. Computer PF $16s seems ‘crazy’, but still… the trend IS there.
Time to venture out, back at the close…