US equities are rather ugly, with the Nasdaq comp’ naturally leading the way. VIX has picked up to the mid 16s.
sp’60min
VIX’60min
Summary
Its typical turn time, but ongoing price action offers a straight run to the 5440/30s before today’s close. Early Thurs’ threatens a bounce on ‘bad news is good news’ GDP data.
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notable stock: TSLA
Red gap tagged.
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notable Dow component: JNJ
Yesterday saw a hit of the 200dma.
Today is perhaps seeing a case of it being bought on ‘defensive’ grounds.
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notable strength: T
EPS 57cents inline. Rev’ y/y -0.3% to $29.8bn vs 30.0est. Guidance held.
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notable semicon: INTC
Red gap effectively filled.
The $23s don’t look that difficult… but clearly not until Sept/Oct.
Time to cook