US equities are set for net daily declines, but it makes for just a cooling wave. VIX is churning the 21s, and might even settle net lower, as sustained sub 20 appears probable. USD is +0.1% in the 91.81s.
sp’60min
VIX’60min
Summary
Suffice to add… last Friday’s black daily candle in the SPX played out, for what is just a cooling wave. The s/t cyclical setup favours the bulls. Even if Tuesday opens choppy/weak, we should still see a swing upward.
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notable stock: ZM
Zoom Video has earnings in AH, and they should show further improvement. Whilst the economy has recovered, home working will continue to a large extent for many, and the outlook should be broadly positive.
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notable (secondary reversal): CRSR
Corsair Gaming opened strong… reversed lower with the main market.
Around 1pm, Wedbush issued an upgrade… 34>49, which has seen the buyers pile back in.
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notable stock: AMD
AMD has broken up and away, set to challenge giant psy’100… perhaps even within days.
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notable horror: NKLA
Those buying the dip in Nikola aren’t having the best of afternoons. Support.. 17/16s.
back at the close…