US equities remain in minor chop mode. VIX 13s. WTIC $77s. Gold $2055.
sp’60min
VIX’60min
Summary
Regardless of the exact close, with a new hist’ high in the SPX and Dow, its to be seen as a net bullish day. Wed’ morning will be prone to reacting to earnings… but mostly chop, ahead of the Fed.
Yours truly is merely waiting for cleared funds from AEM… to use to add to SLB.
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notable stock: MSFT
Microsoft has earnings in AH
The cyclical setup marginally favours the bears.
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notable stock: AMD
Advanced Micro Devices has earnings in AH
The cyclical setup especially favours the bears.
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notable stock: GOOGL
Alphabet has earnings in AH.
The cyclical setup marginally favours the bears.
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notable stock: BA
Boeing has earnings early Wed’.
Cyclically low. If the stock does open lower, I’d look for an upside reversal.
back at the close…