US equities are set for broad gains, for what is an impressive rebound from last Friday’s quad-opex washout. VIX is set for a close in the 18/17s. USD -0.4% in the 91.82s is helping!
sp’60min
VIX’60min
Summary
Well… regardless of the exact close, its been a very positive start to the week. Whilst the Nasdaq comp’ is lagging, its still actually close to breaking a new hist’ high.
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notable Dow component: MSFT
New historic high, bullish engulfing candle…. bodes well for the main market.
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notable energy: OXY
BMO ‘market perform’ 30>36. Not a bold target. I hold… $46s.
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notable strength: X
US Steel catching a bounce… same for sister CLF. I don’t own either.
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notable miner: FCX
Freeport… day’1 up. Soft target 39/40. I hold.
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Ohh, and this…
Seriously, those three? I see this as…. bizarre. I’m not saying they’ll be net lower by year end, but I can think of a hundred superior stocks without even trying.
back at the close…