US equities open in chop mode, as the market is rather tired, after the news stim’ bill 4 has been passed. VIX is churning the 23/24s. USD is +0.3% in the DXY 90.24s… but the 88s are still on track to be tested.
sp’60min
VIX’60min
Summary
*Had I the time, I’d fiercely rant about the unbeliveable notion of a 5500 page bill being passed, and not ONE SINGLE person (by definition… they couldn’t have) read it.
Anyway.. equities… chop chop, as another foray to the mid/low 3600s appears probable. I’d keep in mind, every hour nearer to the Thurs’ 1pm close… price action will be inclined to become more subdued on ever lighter volume.
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notable Dow component: AAPL
Increasing talk that Apple might want to start making cars and batteries by 2024. It could be a huge issue for the decade.
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notable financial: SQ
BTIG 225>295. There was sig’ UOA yesterday in the Jan’ $300 CALLS.
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notable strength: PTON
Peloton soaring to a new hist’ high on buying Precor for $420M. Wedbush quickly upgrade 130>160, although that is still below the current price.
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notable miner: GOLD
Barrick Gold churning the 23/22s.