For those hoping for early sig' weakness... its still a rather disappointing open.
We're s/t cyclically low, and the setup will increasingly favour the bulls into the afternoon, perhaps all the way into early Tuesday.
notable stock: AAPL
Apple will no doubt receive a lot of mainstream attention this afternoon. Who would dare short this one?
notable weakness, MU
Micron continues to see some post earnings swings. I see the stock as problematic, as memory prices show ZERO sign of a floor.
notable weakness, TSLA
There are increasing stories about weak US/EU sales. The stock is m/t broken. Support psy'200/190s. Only negated if March settlement >300, which sure doesn't appear viable.
notable stock: ROKU, 15min
*yours truly bailed at the open. The opening candle is a hyper-reversal... but the gains are shaky.
In any case, the $55s are still technically on the menu, but for the moment.. the main market will be inclined to cyclically lean back upward into early Tuesday.
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