US equities remain in minor chop mode. The hourly and daily cyclical setup favours the bears into early Friday.
sp’60min
VIX’60min
Summary
Little to add.
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notable stock: NKE
The Dow component of Nike has earnings in AH.
The consumer is broken, and shoes are one of the first things people cut back on. I’d be concerned about the outlook.
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notable horror: WBA
Outright horror for Walgreens, a company that looks set to close 25/30% of its stores.
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notable semicon: MU
Its just ‘one of those things’, as the market wasn’t satisfied with good earnings and a positive outlook. Wednesday’s black candle played out.
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notable hysteria: CHWY
So Roaring Kitty posted an untitled picture of a dog.
The lunatics immediately extrapolate that to Chewy.
Bizarre.
back at the close…