US equities remain a little choppy, but leaning on the upward side. VIX 16s are reflective of renewed mainstream confidence.
sp’60min
VIX’60min
Summary
The only issue… whether the Nasdaq comp’ breaks a new historic high this afternoon.. or shortly after.
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notable Dow component: HD
Day’2 up… pushing for the 50dma. Momentum has turned positive.
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notable stock: AMZN
New historic highs… on the menu.
Yours.. with eyes on a 5G router… but it will have to wait.
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notable strength: CC
Chemours has found a floor from around the 50dma. Cyclically… crazy low. Absolutely m/t bullish.
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notable miner: FCX
Freeport building gains with copper $4.25, and the main market. Soft target 39/40.
Time to check on the cheerleaders. Pete is in the house… and mute button will be OFF.