US equities are powerfully lower, with the SPX due to settle under the 200dma for the first time since Nov’2023. VIX has entered next resistance zone of 28/30. WTIC prints $65.94
sp’60min
VIX’60min
Summary
An ugly day… with a failure to hold/recover the 200dma.
Next support is around 5400, as is clearly realistic within 1-3 days.
Subsequent bounce target… 5650/5750 zone.
—
notable stock: ORCL
Oracle has earnings in AH, which should be fine.
–
notable stock: NVDA
Support 101/psy’100
–
notable stock: TSLA
Smashed lower with the main market.
The recent warning was UK/European sales, Jan’ y/y -45.2%.
It took a few weeks for some to finally accept that merits alarm bells.
–
notable stock: HD
One way or another… the $330s appear due.
back at the close…