US equities open on a moderately weak note. VIX is churning the 18s. WTIC $71.12. Gold has cooled from a new hist’ high of $2772 to $2749, pressured by higher bond yields and a stronger dollar. Silver $33.97, pressured by the weak main market and the USD.
sp’60min
VIX’60min
Summary
Price action is very similar to yesterday.
Bears have until around 11am.
We could expect indexes to turn positive, with the SPX having a hollow red reversal (daily) candle yesterday.
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notable stock: BA
Earnings were horrible… EPS -$10.44 vs -10.34est. Rev’ y/y -1.7% to $17.8bn vs 17.9bn. No sign of a capital raise, with the company touting it has ‘credit facilities of $20bn, which are undrawn’
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notable weakness: MCD
Problems with burgers. I’ve always said… ‘great fries, especially on a winter’s day, but I’d not order anything else’.
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notable stock: STX
Earnings were good. Earnings in AH: EPS $1.58 vs 1.46est. Rev’ y/y +49.2% to $2.170bn vs 2.119est.
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notable miner: AG
Lower with silver.