US equities are sig’ higher… if stalling from sp’5068, with VIX printing 16.22.
sp’60min
VIX’60min
Summary
S/t equity momentum is on the VERY high side, as the setup favours the bears into Wed’. I’d accept daily momentum is swinging back toward the bulls, as 5200 – with VIX 13s, is a valid target.
–
notable stock: TSLA
S/t brave buyers ahead of earnings due in AH
–
notable weakness: BA
Boeing has earnings early Wed’. The concern should be a slower production rate… as standards have clearly declined on a multi-year basis.
—
notable horror: JBLU
Earnings were garbage, as l/t survival appears… unlikely.
—
notable miner: FCX
Earnings were good. Today… the stock is partly pressured by lower copper.