US equities appear set for net daily declines… if well above the lows (to sound like Ms Eisen). VIX is battling just to hold the 18s… having tagged the key 20 threshold.
sp’60min
VIX’60min
Summary
Suffice to add… a net bearish day, but we’re still seeing buyers on cooling waves… despite rather lousy PPI data. The s/t cyclical setup arguably favours the bears, as I’m inclined to see an OPEX pin around 4100.
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notable stock: AAPL
Apple fairing well to the main market. I could understand those looking for green gap next week. It’d make for place to short… not that I’m inclined to short individual stocks these days.
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notable Dow component: CSCO
Solid gains… after ‘fine’ earnings.
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notable stock: DASH
Doordash has earnings in AH. Over-hyped since day’1, and I still don’t like it.
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notable stock: DKNG
Draftkings has earnings in AH. Still attracts some degree of hysteria. I don’t like it.
back at the close…