US equities remain in micro chop mode. The current SPX trading range is a mere 6.98pts wide. VIX is churning the 21s, as the key 20 threshold could easily be settled under this week. Gold has printed the $1873s.
sp’60min
VIX’60min
Summary
Little to add, for what is a very holiday-esque trading day. Another 17 sessions of this into year end?
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notable stock: MRNA
Moderna pushing upward on background vaccine chatter.
The long term benefits and adverse effects for mRNA based vaccines, remains a ‘curiosity’ of yours truly.
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notable strength: M
Macy’s continuing to power upward, but its arguably just s/t speculative buyers ahead of Christmas. Seasonal sales aren’t going to be good, not least with a mainstream push to literally ‘cancel Christmas’. For retail, I’d still favour TGT and HD.
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notable tech: CRSR
Corsair catching some interest. Mid term… this looks good.
Yours truly received an Elgato streaming card this weekend. Maybe I’ll take it out of the box… but I remain… tired.
Time to check on the cheerleaders…