US equity indexes appear set for net daily gains of some degree. VIX is due to settle in the 17s. USD is helping, -0.4% at 105.93. US 10yr 4.606.
sp’60min
VIX’60min
Summary
Price action is a little twitchy, but we don’t appear set to plunge into the close. Even if we do cool, Thursday is due to settle well above the daily 200MA (4197). There is little reason to expect Friday to be much different.
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notable stock: NKE
The Dow component of Nike has earnings in AH.
The technical setup favours the bulls.
The m/t trend IS bearish.
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notable Dow component: MSFT
An upward swing… s/t bullish, if only another 1-2 days.
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notable strength: TSLA
Reflective of s/t speculative bulls.
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notable semicon: MU
Lets be clear, Micron earnings were broadly horrible, as stock is back to losing around $1 a quarter… and this is BEFORE a likely US/global slowdown.
back at the close…