US equities remain in minor chop mode, and there is little reason to expect that to change this afternoon.
sp’60min
VIX’60min
Summary
Little to add… as the pre CPI chop continues.
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notable stock: EA
I can’t over-emphasise how the gamers (yours truly included) are beyond delighted with the look of 2042. A game that many felt might never be made. It looks superb… due Oct’22, and will likely be the best game of 2021/22. I can’t wait to buy!
Further… yes, I’d like to pick up the stock, although its not a priority. Perhaps I’ll wait until after a main market correction late summer/autumn.
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notable stock: TSLA
Tesla seeing some weak leaning chop. If the main market does take a swing lower (along with Bitcoin 20/19k)… Tesla should be close to psy’ $500.
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notable hysteria: AMC
AMC is just s/t exhausted, as yesterday’s black candle played out. Any one buying here… at very high risk.
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notable Dow component: AAPL
Apple churning with the main market. Vulnerable.
Time to check on the cheerleaders… but I’ll probably hit the mute button.