US equities are broadly lower, with the Transports powerfully lower (-3.6%), skewed by FedEx (8.8%). WTIC has cooled to $70.91.
sp’60min
VIX’60min
Summary
SPX should (in theory) find a floor in the 6070s, and lean upward into the OPEX-weekend… to around 6100.
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notable fin: XYZ
Earnings were okay, but below expectations…
EPS 71cents vs 87est. Rev’ y/y +4.5% to $6.03bn vs 6.29est.
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notable weakness: AMZN
Remaining s/t broken. Cyclically very low… the lowest since early August.
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notable semicon: INTC
200dma support should hold.
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notable miner: NEM
Earnings were unquestionably good…
EPS $1.40 vs 1.08est. Rev’ y/y +42.8% to $5.65bn vs 5.15est.
Momo prone to turning negative next Mon/Tues’.