US equities are very significantly lower. Ongoing price action is not pretty, and threatens a major gap lower on Monday. VIX isn’t remotely at the ‘panic’ level yet. GBPUSD prints 1.0916… as a currency crisis spiral to parity appears possible for next Monday.
sp’60min
VIX’60min
Summary
Regardless of the rest of today, a key question should be…
“… so… err… who wants to hold long across the weekend?”
Whilst the s/t is ‘noisy’, the above question is important, not least for those maniacs on margin.
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notable stock: AMZN
Sooner or later… psy’ $100 will be taken out, and downward to the March 2020 $81s.
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notable Dow component: DIS
M/t bearish… soft target are the March 2020 $79s.
*I’ve yet to see Andor!
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notable energy: SLB
WTIC $78s is really impacting Schlumberger.
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notable miner: BHP
A tier’1 quality miner… but it can’t escape the main market or lower copper. Sister stocks FCX and RIO fairing similar. Yesterday’s black candle played out.
Time for a much needed lunch.