US equities are set for sig’ declines. VIX briefly crossed above the key 20 threshold. WTIC $70.81. Gold $2728.
sp’60min
VIX’60min
Summary
Well, regardless of the exact close, its been a net bearish day.
The s/t cyclical setup favours the bulls for Thurs’.
The daily charts lean net bearish.
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notable stock: TSLA
Tesla has earnings in AH
The s/t cyclical setup favours the bulls.
To be clear though… the stock is l/t bearish from the Nov’2021 $417s.
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notable weakness: BA
Rough day for Boeing, and justly so.
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notable stock: AAPL
Yesterday’s hollow red reversal candle failed to play out.
Momentum is due to turn negative at the Thurs’ open.
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notable miner: NEM
Newmont has earnings in AH, which should be good, with a very positive outlook. Cyclically high, and the cautious… will be such.
back at the close…