US equities open moderately higher, but the gains are distinctly shaky. VIX has cooled back to the 20s.
sp’60min
VIX’60min
Summary
So… a positive open, but those gains have largely faded. In theory, we should settle red to some degree. I’ll be looking for <4127, with VIX >21.
*Yours truly is going to hold heavy short across the weekend. I’m seeking 4k within Mon/Tues’. Frankly, being this patient is one of the hardest things I’ve ever done.
**I’m putting together some things for the weekend post, not least with my trading plan and outlook for next week.
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notable stock: AMZN
Post earnings jump.
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notable weakness: F
Post earnings depression.
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notable energy: CVX
Earnings were broadly fine.
The stock is now in limbo, in the process of being merged with Hess (HES).
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notable stock: AAPL
Yesterday’s loss of the 200dma is not to be dismissed lightly. It merits s/t alarm bells. The bigger monthly chart threatens a crashy target of the $130s.