US equities open broadly lower, but its arguably just making for a retrace of yesterday’s powerful gains. WTIC printed $106.90, helped by the cooler dollar.
sp’60min
VIX’60min
Summary
First opp’ for a turn will be around 11am. Green gap 4380/90s looks pretty easy.
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notable Dow component: AAPL
Earnings were good. The stock should lean back upward.
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notable weakness: AMZN
Earnings were broadly fine, market just used guidance as an excuse for an initial washout. S/t recovery… but m/t bearish. 2050/psy’2000
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notable tech: INTC
Earnings were broadly fine. The stock remains m/t bearish.
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notable steel: X
Earnings were good. Early gains fully reversed.