US equity indexes remain a little choppy, with most indexes due to settle net higher. Copper has cooled to $4.48… despite a weaker dollar.
sp’60min
VIX’60min
Summary
Regardless of whether we settle marginally higher or lower, with a new hist’ high, its just been another day for the bulls. Bears can return… post Labor day.
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notable stock: CSCO
The Dow component of Cisco Systems has earnings in AH, which should be fine. The cyclical setup favours the bears.
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notable semicon: INTC
The 7th day higher of 8.
CEO Tan to offer ‘suggestions’ to Trump… maybe next week.
I’ll still hope for a washout to the mid teens in Oct’
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notable media: NFLX
We’ve a clear stall from the 50dma… and the cautious will be out.
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notable retail: WMT
Many big name retailers knocked lower by news of Amazon expanding its same-day delivery service. That IS a m/t double top from the $104s.
back at the close…