US equities are set for sig' gains. VIX is due to settle in the 16/15s, reflective of a mainstream that is hopeful of a rate cut, and Trump-Xi... due to meet in South Korea this Thursday.
sp'60min
VIX'60min
Summary
Regardless of the exact close, with a new hist' high, its been a very bullish start to the week.
The s/t cyclical setup favours the bears, but the bigger daily cycles will favour the bulls into the Wed' FOMC announcement.
--
notable stock: NXPI
NXP Semicon has earnings in AH... which should be fine.
-
notable stock: UPS
United Parcel Service has earnings early Tuesday.
My concern would be the slowing economy.
The one upside... cheap oil/fuel.
-
notable health: UNH
UnitedHealth has earnings early Tues'.
The cyclical setup favours the bulls... although the cautious will leave alone.
-
notable strength: TSLA
Leading the main market upward.
–
notable miner: NEM
Reflective of the sector, which could see net downside into/across November.
back at the close...
