US equities are choppy, if still leaning on the weaker side. Whilst its a significant downside reversal, equity bears should restrain their hysteria until the flip side of the midterms. USD has seen a full upside reversal, currently +0.1% at 111.59.
sp’60min
VIX’60min
Summary
VIX isn’t offering the equity bears anything right now.
A push to sp’4K appears almost inevitable.
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notable Dow component: AAPL
A major reversal. Maybe a tag of orange gap… before pushing to teal.
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notable stock: ABMD
Abiomed bought by JNJ… no doubt using some of its vax-shot money to buy another company.
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notable weakness: AMZN
Its turning ugly in Amazon… as Psy’ $50 is another few dollars closer.
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notable steel: CLF
Holding up surprisingly well.
time to catch a sunset… before the next wave of storms…