US equities are set for rather powerful gains. VIX is marginally higher in the 16s, but its to be seen as ‘minor noise’, prone to remaining repressed until mid September.
sp’60min
VIX’60min
Summary
Regardless of the exact close, it been a very bullish day, with implications that give some clarity into early/mid September.
—
notable stock: SPCX
SpaceX has earnings in AH. The company will clearly post a loss, and its merely a matter of whether the stock can spike on renewed hysteria.
To be clear… s/t bullish for earnings
Broadly, I still think sub $100 is an eventuality.
–
notable stock: AMD
Advanced Micro Devices has earnings in AH, which will be very good.
The cyclical setup leans distinctly bullish.
–
notable strength: PLTR
A break >200dma… as the tech bears are being routed.
–
notable stock: CAT
Below the open… black candle, but daily momo is due to turn positive on Wed’. Net bullish into Sept’ with the main market.
I should venture outside.
back at the close…