US equities are distinctly mixed, with tech getting whacked… whilst some sectors are soaring on renewed hopes of a Sept’ rate cut. VIX has clawed into the low 13s.
sp’60min
VIX’60min
Summary
S/t momentum has turned negative, and bodes bearish… at least for a more hours. Tech looks broken for another 1-2 days. Rest of the market… looking very strong.
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notable stock: AAPL
Reflective of the sector.
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notable weakness: COST
A truly dumb sell off… relative to the good news of higher membership fees.
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notable trans: DAL
Headline earnings were fine… the outlook… not so great.
Today’s candle is a reversal from the 200dma
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notable miner: EXK
Pushing upward with silver.
Time for lunch.