US equities remain significantly higher, with VIX sitting on the key 20 threshold. Copper printed $4.64.
sp’60min
VIX’60min
Summary
We have s/t equity momentum subtly starting to tick lower, and it could certainly turn negative early Thursday if the CPI data comes in hot. VIX is cyclically low, as a spike to the 24s look pretty easy.
Yours truly continues to sit back and wait for lower prices, not least in CFVI.
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notable stock: DIS
Disney has earnings in AH. I like the company/stock, but its s/t vulnerable with the main market.
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notable stock: UBER
UBER has earnings in AH. It turned profitable in Q3, can it manage another net gain? Regardless, I don’t like it.
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notable stock: MGM
MGM Resorts has earnings in AH. Tough to call. The stock remains s/t very strong.
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notable stock: CFVI, 60min
The threat to those buying this afternoon is that tomorrow is a Thursday, we’ve CPI data, and we’re s/t overbought. I continue to wait.
back at the close…