US equities are choppy, but still leaning on the weaker side, as s/t momentum is increasingly negative. On balance, the market looks vulnerable into the mid afternoon.
sp’60min
VIX’60min
Summary
Certainly, the downside doesn’t quality as ‘fierce’, but the trend is certainly there… if only into the mid afternoon. Prime target is the upper end of yellow gap to sp’3816.
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notable bond ETF: TLT
Yields are cooling.. if only a little… which isn’t helping the financials.
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notable Dow component: MSFT
The $227s have been cleared, as new hist’ highs appear due with earnings… Jan’26 AH.
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notable strength: AMD
A case of speculative buyers ahead of earnings, due Jan’26th AH.
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notable reversal: CRSR
A major reversal in Corsair, after the early drop on news of a secondary offering – 7.5M @ $35.00. The capital (around $262M) will be useful, and offer opportunity into 2022.
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Time to venture outside (how many days has it been, 3, 4, or 5?)… if briefly. Dare I sit on a park bench, and get fined $10000 ? I say it will ZERO regret… the UK is a sick society, and not worthy of survival.