sp'60min
VIX'60min
Summary
Suffice to add... micro price chop, as the market is able to just churn, rather than any sustained moderate weakness. The break in rising trend remains key.
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notable weaknes, C, daily
Earnings were unquestionably fine, and bode well for the mid term. S/t though, we have a bearish engulfing candle, and it bodes very bearish into next week. First soft support, the 50dma, soon around the $70 threshold.
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notable weakness, INTC, daily
S/t weak, but Intel's recent breakout into the $37s was massively important, and gives grander clarity that $50 is a valid target for the latter half of 2018. Due a bearish MACD cross tomorrow.
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strength, X, daily
US Steel continues to swing around, currently sig' higher, but if the main market does eventually break sig' lower, then X will be dragged lower to the $23s.
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time to check on the cheerleaders....