US equities open in minor chop mode. WTIC printed $82.04. Gold $2331. Silver $29.36.
sp’60min
VIX’60min
Summary
The s/t cyclical setup favours the bears.
The daily setup favours the bears into early Friday… although I’d lean to Friday settling net positive for ‘window dressing’ reasons.
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notable stock: WBA
Headline earnings were fine, but the outlook was lousy.
The market appears VERY upset at news of ‘significant’ store closures, although its arguably a mid/long term positive.
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notable weakness: MU
Earnings were unquestionably good, with a positive outlook, but sometimes… that just ain’t enough. Yesterday’s black candle played out.
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notable energy: SLB
Back on the rise, with WTIC printing the $82s.
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notable miner: AG
Higher with silver.