US equities are building moderate gains, as s/t momentum is increasingly positive. Its arguable that Powell will offer a s/t bullish exhaustion top on Friday, before another swing lower.
sp’60min
VIX’60min
Summary
Time is always an issue, after 5/6 days falling, 2/3 up would be a natural retrace…. with teal gap.
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notable Dow component: DIS
Bouncing with the main market.
The 200dma looks secure.
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notable stock: WBD
Powerfully bouncing, but this is a company that is truly annoying its customer base… having cancelled a truck load of projects, and even just removing content from its online library.
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notable rebound: TWTR
A few bold buyers.
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notable ARKK component: ZM
Ms. Wood of ARK has apparently been shopping… using other people’s money.
Its cheerleader time, but I’ll instead cover some things on Twitter…