US equities are set for very significant net daily gains, with VIX due to settle in the 15s.
sp’60min
VIX’60min
Summary
S/t equity momentum remains on the crazy high side.
Basic cooling to the 4230s is due.
I hold short (small size position), and would settle for the 4260/50s before the weekend.
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notable stock: AAPL
Apple has earnings in AH, which will clearly garner massive attention.
Technically, the stock leans bullish, but all earnings are something of a wild card.
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notable stock: COIN
Coinbase has earnings in AH. I’d not expect much, as the crypto market has been broadly subdued since the spring… if picking up in recent weeks.
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notable strength: TSLA
Tesla pushing toward green gap.
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notable weakness: META
I’m not aware of any reason why this one has seen gains erode.
back at the close…