US equities have struggled to bounce… with the SPX breaking a new intraday low. VIX saw a brief foray into the 19s. WTIC $70.84.
*stockcharts is currently having ‘issues’ with SPX (and Nasdaq) quotes.
I’ll instead use SPY.
VIX’60min
Summary
A new intraday low, as daily momentum is increasingly negative.
The s/t cyclical setup favours the bulls… and I’d note we’ve the Fed beige book at 2pm
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notable stock: BA
Market is not happy with comments from the CEO on ‘doing less’.
The two black candles from the 50dma played out.
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notable weakness: TSLA
Tesla lower with the main market.
Earnings… should be ‘fine’.
The technical setup favours the bulls.
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notable defence: LMT
They tried to bounce it… but Lockheed has been dragged down by the main market. Yesterday’s earnings were unquestionably fine.
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notable miner: PAAS
Lower with silver swinging from $35.07 to $33.61. Cyclically very high.
I should venture outside…