US equities are slowly cooling back, with the Trans/R2K having been red across the day. VIX appears set for a close in the 19s. WTIC $70.60. Gold $2705.
sp’60min
VIX’60min
Summary
S/t momentum has rolled over, and is due to turn negative. Even if the SPX settles net lower, with a new hist’ high, it has to be seen as a net bullish day.
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notable stock: NFLX
Netflix has earnings in AH
A fifth day lower. Its a real wild card.
The s/t cyclical setup favours the bulls… for what is m/t bullish.
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notable defense: LMT
A little cooling, but another new hist’ high appears due.
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notable strength: TSM
Taiwan semicon’ justly higher on very good earnings.
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notable trans: UAL
A sixth day higher. Next resistance 76/77s
back at the close…