US equity indexes are mixed… the SPX +0.2%, Dow -0.6%, whilst the R2K is -1.0%. VIX remains subdued in the 15/14s.
sp’60min
VIX’60min
Summary
S/t momentum continues to weaken, as the s/t cyclical setup favours the bears… if only part of Friday. A little more broadly, the market will be inclined for net upside into next Wednesday’s FOMC… when the Fed will do nothing, which won’t please Mr President.
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notable stock: INTC
Intel has earnings in AH. I’d not expect much, but the outlook should be fine.
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notable stock: NEM
Newmont has earnings in AH, which should be good, with gold sustainably >$3K. The sector leader remains AEM
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notable stock: TSLA
As a fair number in chart land recognise… the stock is finding buyers from s/t rising trend.
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notable stock: GOOGL
That is a black candle, and leans s/t bearish, at least for part of Friday.
back at the close…