11am update – powerful price action

US equities are sig’ higher… as the 7700s are a mere 16pts (0.2%) away. VIX is ‘minor noise’, set to stay that way into mid Sept’.

sp’60min

VIX’60min

Summary

Little to add.
Net bullish into early Sept’.

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notable stock: F

July y/y -10.2% to 169K… terrible.
Note the black/spiky candle last Wednesday.
Daily momentum due to turn negative.
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notable weakness: AMZN

Its just a minor retrace
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notable tran: UAL

Partly main market, partly inverse to oil.
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notable commodity:  WTIC

The $76s, as daily momentum has turned negative.
My Friday exit was in the $85s.