US equities are choppy, if leaning upward. Teal gap appears due Thurs/early Friday. USD is +0.3% at 108.84. GBPUSD 1.17… a break <1.14 would merit alarm bells.
sp’60min
VIX’60min
Summary
Little to add. We should at least tag teal gap… maybe green gap with Powell, before another swing lower into end month/Q3. That would be… ideal.
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notable stock: F
Delaying investment in Spain… due to a ‘changed outlook’.
Concerns of power cuts?
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notable Dow component: INTC
Still struggling. M/t bearish 21/20 which seems realistic if SPX 3K by early Nov’.
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notable health: PFE
Monthly momentum has turned negative for the first time since Oct’2020. Most won’t notice… or care, but they should. M/t bearish 40/39.
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notable miner: CCJ
Uranium miners are hot right now. I see no news.
Arguably just background chatter on the need for nuclear, rather than sitting in the dark/cold.
Time for lunch…