US equities open a little higher, but the gains look unsustainable. Renewed weakness to the low sp'2060s remains viable in the near term, with the 2020s next week. Whilst the USD is -0.3% in the DXY 99.00s, the metals are again weak, Gold -$2, with Silver -0.7%.
*interesting to see the opening hourly candle (a black-fail no less) is stuck precisely at top of the bear flag.
So... a little choppy.. and market still feels tired.
A moderate net daily decline looks due... anything <2070 would be a bonus, and setup tomorrow for a break under the 200dma (2064).. and into the 2050s.
notable weakness, AAPL
Equity bulls should be seeking AAPL to hold $110... even if sp'2020s next week.
10.03am.. BABA not having such a great start.. despite opening the NYSE
Ugly opening decline.. next support not until $70... where the 50dma is lurking.
10.27am... sp -3pts... 2078...
notable weakness, Oil, -1.3%... note.. there is no EIA report at 10.30am.. due to the semi-holiday.