US equities are still leaning on the weaker side, although the Nasdaq is resiliently holding minor gains. VIX is quietly churning the 21s.
sp’60min
VIX’60min
Summary
Chop chop… chop. Lower hourly bollinger will offer support around 3670 early Tuesday. S/t momentum is on the moderately lower side, as the 3700s appear very probable this week.
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notable Dow component: BA
A strong day for Boeing. Having cleared the June $234s, its onward and upward to the $280s, which IS viable before year end.
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notable stock: AMD
AMD has seen a lot of chop today, but there has been significant CALL buying, not least in the Dec’11th $102s.
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notable strength: X
US Steel has decisively pushed into the $17s…. opening the door to next resistance of the $26s.
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notable airline: UAL
United does merit attention… having cleared the June $48s, there is no major resistance until the $70s.
back at the close…