US equities open a little choppy. The s/t cyclical setup favours the bulls ahead of Powell this Friday morning. In theory, we should at least fill teal gap, before another swing lower into end month/Q3.
sp’60min
VIX’60min
Summary
*orange gap formally fully filled.
S/t momentum has turned positive.
I’d like to see VIX 21/20s.
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notable Dow component: BA
Virgin Atlantic buying four 737 MAX 8s
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notable energy: OXY
Helped with WTIC $95s
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notable stock: PTON
Partnering with Amazon, but its only going to reduce their margins.
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notable miner: FCX
Lower with copper printing $3.62.