US equities open on a weak note, but its nothing that merits bearish hysteria. The market will be prone to rebounding… with a magnet of 4100. VIX will be highly prone to being ground lower into the long weekend.
sp’60min
VIX’60min
Summary
More than anything… keep in mind its OPEX, with the market prone to broad chop… not least ahead of a long weekend. Best guess remains… we settle around 4100, which would make for a minor net daily gain.
We’ve a long day ahead… lets see if the buyers start appearing, by the first turn time of 11am.
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notable energy: OXY
Lower with the sector, not helped with oil $75s
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notable stock: DE
Earnings were fine. FPE 13s, vs CAT 14s. Neither expensive.
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notable health: MRNA
A flu vax study disappointed.
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notable miner: GOLD
Barrick lower with the sector, not helped with gold printing $1827, the latter pressured by the stronger dollar.