US equities remain in moderate chop mode. VIX 25s are reflective of a comfortable mainstream.
sp’60min
VIX’60min
Summary
After Monday’s drama, its become a somewhat tedious Tuesday. The s/t cyclical setup continues to favour the bulls.
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notable stock: LYFT
LYFT has earnings in AH. I don’t like the stock, but its back above the 200dma, with next resistance of the June high of the $41s.
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notable strength: BA
Boeing is set for a decisive bullish close above the 200dma.
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notable shipper:CCL
Yesterday saw a very bullish close above the 200dma. Today saw the company announce a secondary offering of $1.5bn, which is naturally seeing the stock get whacked back lower.
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notable mining ETF: GDX, 60min
A frustrating day for the miners, although s/t momentum continues to tick upward, set to turn positive late Wednesday.
back at the close…