US equities are set for moderate gains. I’d keep in mind the two leaders -Trans/R2K broke new hist’ highs… a very positive sign, with other indexes surely to follow.
sp’60min
VIX’60min
Summary
Yes, we’re cooling back a little.
Net bullish day.
7K appears a formality.
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notable stock: INTC
Intel has earnings in AH, which should show improvement, with a positive outlook. Next resistance $58s
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notable weakness: NFLX
Underlying weakness. Natural target is $70
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notable strength: UNH
A third day of solid gains. Green gap!
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notable stock: NKE
Minor chop. I’m still guessing we’ll see a m/t bullish breakout >$70, and onward to 90/100.
back at the close…