US equities are set for moderate/broad gains. VIX has been ground into the 14s, with a fair number believing the jobs data means the Fed will refrain from a rate hike Sept’16th
sp’60min
VIX’60min
Summary
Well, regardless of the exact close, its been a net bullish day AND week, having printed a new hist’ high of 7793. The s/t cyclical setup favours the bulls, and more broadly… into Sept’.
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notable stock: OSCR
This one does merit watching into the fall
Recent earnings were very good
s/t bullish, but 22/20 if the main market washes out.
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notable semicon: MU
The H/S is clearly not going to play out, with the main market net bullish into Sept’. Annual EPS $120
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notable semi: SNDK
Set for a third day lower.
Yesterday’s reversal candle did initially play out, but the sellers appeared.
Annual EPS $160.
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notable space: SPCX
With the Monday $104s holding, the more cautious have been jumping aboard. Natural target are the IPO $135s, and then psy’ $150
time to venture out…
back at the close…