US equities are choppy, if still mostly leaning on the weaker side. USD is fractionally higher, +0.1% in the DXY 92.50s.
sp’60min
VIX’60min
Summary
Chop chop… as red gap increasingly looks a stretch today… but there is always early Friday on a gap lower.
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notable stock: X
US Steel bouncing, but this is a s/t mess, and I’m still looking for lower levels.
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notable weakness: NVDA
Just s/t cooling. Mizuho 710>900.
I’d keep in mind, 4 for 1 stock split is due next Tuesday morning.
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notable energy: RIG
A weak bounce…. the mid/low $3s appear realistic next week, where I would be a very willing buyer!
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notable tech: TSM
The dip buyers are leaving this one alone. The $107s should hold.
I wonder if Stephen Weiss will mention this one… he has sig’ interest in it.
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Its cheerleader time, and CNBC are set to roll on the Gundlach, who will surely say some interesting things.