US equity indexes are mixed, with the SPX and Nasdaq green, whilst the Dow, R2K, and Trans are red. VIX is due to be ground lower into the weekend.
sp’60min
VIX’60min
Summary
The s/t cyclical setup favours the bears, but they appear largely powerless.
7K still looks due next week.
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notable Dow component: MSFT
Powering upward… s/t floor appears in. Momo due to turn positive.
Earnings due next Wed’.
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notable fin: BAC
Yesterday’s black candle played out. Cyclically low.
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notable semicon: INTC
The dip buyers are refusing to get involved, and rightly so.
Momo to turn negative next Mon/Tues’
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notable stock: BA
Earnings due next Tues’ morning should show improvement.
I really should cook…