US equities are battling to build gains, as price action remains impressive for what is OPEX. VIX has lost the key 20 threshold, reflective of a calm mainstream ahead of the weekend.
sp’60min
VIX’60min
Summary
Those bears getting overly hysterical about pre-market weakness are not having the best of ends to the week, as s/t momentum has already turned positive. Bulls should be very pleased with a weekly settlement >4424, which would avoid a bearish engulfing candle.
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notable Dow component: MSFT
Microsoft breaks >psy’ $300… which is impressive considering its OPEX. In theory, the market makers will want to pin this at precisely psy’ $300. Something to watch into the close.
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notable energy: XOM
Exxon is battling to find a floor from just above the 200dma. A massively important stock… even though its long since been kicked out of the Dow.
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notable weakness: F
There is no news… at least I’m aware of. Today’s weakness is surprising relative to the main market. I don’t own… and should.
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notable tech: NVDA
Momentum due to turn positive next Mon/Tuesday, as new hist’ highs are probable before end month. Tier’1 quality tech-hardware.
yours… time for much needed lunch