US equities are seeing moderate gains erode… with the market rightly concerned about the next ‘event’ in the middle east.
sp’60min
VIX’60min
Summary
S/t prone to upside into early Tues’… when the Powell will appear before the US house.
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notable stock: ACHR
The patient will merely be waiting until October.
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notable defence: LMT
… a clear case of ‘war is good for business’.
Momentum might turn positive on Tuesday.
An eventual break >200dma is a given.
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notable trans: UAL
Considering oil cooled back from the $78s to $72s, today’s perform’ is even worse
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notable steel: CLF
Daily momo has turned negative, as the m/t horror continues.
The $3s look realistic this October.