US equity indexes open rather mixed. The two ‘headline’ indexes – SPX and Nas’ are moderately higher, whilst the Dow, R2K, and Trans have already been red. VIX is notably still above the key 20 threshold. WTIC $74.46.
sp’60min
VIX’60min
Summary
With a new hist’ high, its already to be seen as a net bullish day AND week.
OPEX is Friday… and I wonder if the market makers would prefer a pin around 5700.
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notable stock: BA
Firing 17K (10%) of its workforce.
Momentum has turned negative.
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notable dow component: CAT
Morgan Stanley, underweight, $332
Momentum has turned negative.
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notable car: TSLA
A very weak dead cat bounce after Friday’s big drop, having already turned red.
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notable miner: FCX
Freeport lower with copper printing $4.38, the latter partly pressured by the stronger dollar.