sp'60min
sp'daily5
Summary
Well... it sure ain't a pretty pre-market for those long (including yours truly). We're set to open barely 1% above the key Tue' low of 1903.
Best guess... the market battles higher from here... with a net daily gain, and I realise some will roll their eyes at that outlook.
Yet how many times have we seen the market open lower on jobs Friday, only to close net higher? In any case.. today will not be dull, ahead of the 3 day holiday weekend.
early movers...
AAPL -0.9% in the $109.30s
NFLX -4% in the 96s... with a decisive fail of the $100 threshold
TSLA -1.5% in the 242s
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Update from Oscar
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Have a good Friday.
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7.24am... sp -20pts... so we're back to 1931.
VIX instruments: TVIX (2x long) +7.5%... XIV (1x short) -3.5%
Still an hour until jobs data though...
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7.57am.... meanwhile....
time to shop... back soon
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8.31am.. Monthly jobs: 173k net job gains , with a headline rate of 5.1%
Frankly, its a lousy number for the macro econ-bulls.
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Equity indexes... twitchy, sp -20pts.. 1931
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8.53am.. ohoh, we have a snap lower.. .sp -35pts... 1916... just 13pts away from a key break.
There is rising support around 1918 at the open... anything <1915.. would be decisive.
sp -30pts... 1921.
Long day ahead!
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9.13am.. sp -27pts... 1924.... 1% away from the key higher low of 1903.
One thing is for sure... we ain't going quietly into the weekend.
notable weakness: NFLX -3.7% in the $97s.
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9.39am.. opening black-fail candle in the VIX..... bears beware... they play out more often than not
Considering the market mood and price drop... the VIX is only +5%.
9.42am.. VIX candle remains black.... with sp'1930
9.46am.. Reversal candles appearing all over the place... inc' AAPL.
VIX is probably the tell right now.