sp'daily5
Summary
*awaiting Durable goods orders at 8.30am
actual: +0.7%... marginally better than expected.
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So.. we're set to open a little lower, but would any bears dare call the mid sp'1980s as an achievement to end the week?
Despite no sig' QE today (or for rest of July), price action remains the same. Minor down waves.. within a broader up trend.
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Update from Mr C.
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Notable post earnings weakness: AMZN -10% @ $323. However, very often is the case, that AMZN will see a powerful reversal. Hell, it'd not surprise me if it even managed to close marginally positive.
Strength: BIDU +7%... great earnings.
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Good wishes for Friday.. its almost the weekend :)
9.33am... Dow was 'weird' at the open... -11pts.. whilst the DIA ETF was -70pts....
Anyway... minor down wave....
Chance for the bears to exit.... and for the bulls to buy.
Long day ahead........
9.40am.. low for the day is perhaps already in.
sp'500 test the daily 10MA... 1978
9.44am.. VIX is NOT supportive of this opening decline. Will likely close red.
AMZN -10%... battling from -12%.... green close? One to watch.
9.50am.. sp -0.5%... not exactly anything to get excited about, right? We know how this usually ends...yes?
Notable strength: UAL +4%
9.56am.. VIX in danger of seeing a black-fail candle within next few minutes! Bears...beware!