Uhg, What is driving ETSY today? short squeeze? I can tell you first hand it is painful for the shorties.
VIX hit 15.04 then did a U-turn.
oof, was looking at EA for a possible breakout from resistance.
Equity futures are indicating a slightly lower open this morning, but they are well off their overnight lows. Earnings continue to be a big driver of individual stock moves, and while the video-game makers are down sharply, a number of software stocks are getting a boost following their reports. GM, which just reported now, also handily exceeded forecasts and is trading up nicely on the news.
Health care looks to have lost steam. Recent ERs from CNC and HUM did nothing. Failing to recover highs...much like the rest of the market actually. DIA at least recovered the 200 ma, but Transports have not done the same, yet.
MOH reporting in 5 days.
For my two cents, I believe EVERYTHING hinges on the trade deal with China. If the president can't get a deal he like he'll impose the 25% tariffs, if he does they sign a deal and we are off to new highs. Don't get me wrong, I don't believe new highs are justified, but we will need a parabolic blow off before the impending real correction that will take place when the debt ceiling needs to be raised. (in March) jmo.
Jrich, bigbear0083 and stock1234 like this.