US equities are choppy, if vainly trying to bounce. WTIC is +8.7% in the $77s
sp’60min
VIX’60min
Summary
Set for net daily declines.
The s/t cyclical setup favours the bulls, but Tuesday will see CPI, earnings, and three hours of Warsh. Ohh, and there is South Korea.
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notable stock: MU
Well, the 50dma set to be closed above, but maybe not tomorrow.
The concern should be South Korea
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notable stock: JPM
Earnings due early Tues’ will be good… but the market typically sells the fins lower on earnings.
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notable strength: AAPL
New hist’ high, gains… somewhat eroded by the main market.
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notable space: SPCX
The IPO $135s set to be tested tomorrow. More broadly, a foray (if brief) <$100 appears an eventuality this side of the midterms.
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WTIC, daily
New cycle high… resistance 81/84 zone
I should be venture outside, back at the close…