US equities remain a little choppy, if mostly leaning on the weaker side. The bigger daily cyclical setup leans net bearish into Thurs’.
sp’60min
VIX’60min
Summary
Broadly choppy… with a VIX that reflects an effectively 100% complacent mainstream… all whilst Israel is massing an army on the northern border with Lebanon.
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notable stock: MU
Earnings will be good, with a positive outlook.
The stock/sector feels very tired though.
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notable weakness: INTC
Intel remains a m/t mess. I have to expect the $23s before the election.
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notable retail: WMT
President Capital, buy, 65>80.
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notable miner: UEC
Battling to hold the recent lows.
Time for lunch.