US equities are a little choppy, if still leaning a little weak. VIX is churning the 21s, reflective of a very comfortable mainstream, with many analyst now seeking SPX >4k in 2021.
sp’60min
VIX’60min
Summary
Chop chop, as 11am will offer a swing upward into the mid afternoon. The sp’3700s are technically feasible within the immediate term.
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notable bond ETF: TLT
Higher bonds, with yields cooling for a second day. What will matter is next Wednesday’s FOMC. Will the fed announce ‘yield curve controls’, or save it for 2021?
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notable financial: WFC
Whilst I can’t stand the immoral garbage that is Wells Fargo, it has been recently following JPM and BAC to the upside.
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notable stock: AMD
Monday’s black candle played out. Yesterday saw considerable s/t UOA in the Dec’11th $102s. Right now, psy’100 is still viable before the weekend, but that won’t be enough for those holding the $102s.
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Sideline entertainment..
SpaceX is set to test its Starship. This is the first attempt…. and I like first attempts.
time for a light lunch…