US equities remain in minor chop mode, and set to remain so into the close. USD continues to lean weak, -0.2%, printing DXY 91.09, as the crazy 88s aren’t far away!
sp’60min
VIX’60min
Summary
Suffice to add, a day of minor chop, reflected in a VIX that is churning just above the key 20 threshold.
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notable stock: CRWD
Crowdstrike has earnings in AH. The s/t cyclical setup isn’t pretty, with momentum due to turn negative.
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notable stock: SNOW
Snowflake has earnings in AH. Cyclically over-stretched.
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notable stock: BA
A strong day for Boeing… helping to prop the Dow up.
There were hungry for the Dec’4th $220 CALLS today.
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notable stock: CRSR
A rough day for Corsair, not helped by a mixed downgrade from Cowen, but even they raised the price target 32>37
back at the close…