US equities open on a weak note, with VIX printing the 24s. USD is -0.9% at 103.99. The US 10yr has cooled to 3.74%
sp’60min
VIX’60min
Summary
*overbought RSI >70 on Monday, to <30 on Friday.
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Yesterday’s daily candle was bearish engulfing, which has played out.
The weekly candle is bearish engulfing, and threatens the Dec’ low of 3764 next week.
Yours truly is looking to short… via the 5/15min cycles.
As things are, I don’t expect to do anything until Monday.
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notable stock: CAT
UBS, neutral>sell, 230>225
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notable stock: TSLA
Lower with the main market.
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notable fin: BAC
Banks still spiraling lower, as the system is creaking.
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notable miner: GOLD
Barrick leading the sector upward, with gold printing $1863, helped by lower yields and a weaker dollar.