BABA, 60min
BABA, daily
Summary
*I've no position in BABA, was considering it, but with the loss of $80, it is completely off the viable long-list.
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So.. main market is seeing some chop... and frankly, at least there is some interesting action in individual companies...
DIS, early gains to $114.77... but cooling... is Mr Market going to sell this one lower on good earnings, as it did AAPL?
DISCA, was +5% in pre-market... now a touch lower....
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Metals are holding moderate gains, Gold +$8... but look stuck
Oil is building very sig' gains of 2.9% in the $60s... headed for 67/75 this summer.
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Notable overnight upset... China, -4.1% overnight.... first stop is 4K.. which is another 5% lower.
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re; sp'500.... there is a minor gap in the 2090/85 zone (which would likely equate to VIX 15s)... I suppose we could slip to there... before the next push upward...but really... we're still only talking about minor down waves.
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stay tuned... on what is a pretty dynamic morning....
10.02am.. ISM/PMI service sector data both come in pretty okay... certainly nothing for the macro econ-bears to get excited about in terms of Q2 GDP.
BABA -2% in the $78s.... looking real ugly... empty air to the IPO price of $68. The main market sure isn't helping.
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10.07am.. Gap resistance on the VIX... 14.00/60...
VIX 15s.. briefly.. if 2090/85....