10am update - so many charts, not enough time

US equities open moderately weak, with the sp' breaking under rising trend/support into the 2060s. Meanwhile, there are marginal breaks of trend in the two leaders - Trans/R2K. With the USD -0.6% in the DXY 93s, the metals are making a play to break above Gold $1300 and Silver $18s.


Trans, daily

R2K, daily

Summary

*Chicago PMI: 50.4... borderline recessionary, and it should at least concern the bull maniacs that the US economy is flat lining.

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There are an absolute truck load of interesting individual movers out there right now....  I will try to highlight as many as I can.... lets start with...

DIS, daily

A poke above key resistance.. but its clearly rolling over.
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STX, daily

Earnings were lousy... the statement was blaming lacking of demand. Yeah.. global economic weakness.

.. but hey.. Buffett said earnings are [broadly] fine... so I guess STX should really be up.
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stay tuned.
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10.01am  Consumer sentiment: 89.0....     not great....

A break into the sp'2050s before the typical 11am turn would be useful... as at least it'd break another soft support zone.
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10.08am.. browsing some of the monthly charts for AAPL, DIS, NFLX, .... its a long long list.... its looks borderline horrific.

The May/June candles could be scary bearish!