US equities open a little higher, but there is some cooling, with the SPX and Nasdaq also due to turn red… if briefly.
sp’60min
VIX’60min
Summary
*Opening SPX and VIX candles are reversals… as the daily black candles are set to play out.
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S/t momentum is weakening, but there is zero reason to expect anything other than chop across today. OPEX pin… 6950
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notable stock: AAPL
It’d useful to the s/t bulls to see this one settle net higher.
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notable semicon: MU
S/t hysteria, although its rather justified.
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notable stock: MOS
Mosaic warning that fertiliser demand is below normal.
Its not a great sign for food production, but why worry about that?
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notable miner: AG
Regardless of the s/t, this one is arguably under-valued by around 50%.