US equities are choppy, if still leaning on the weaker side. A tag or full fill of red gap remains probable late today/early Friday.
sp’60min
VIX’60min
Summary
Certainly… its less dynamic than last Thursday, but we are still leaning on the weaker side. Its notable that regardless of today’s close, yesterday’s SPX daily black candle did play out.
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notable bond ETF: TLT
Higher bonds as yields cool. I would note key price threshold of the $150s, which likely marks a cycle high. I’m with Tom Lee, and expect renewed broad upside in yields. Natural target for the US 10yr is 2.25%… equating to TLT around $120.
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notable fin: BAC
Financials are choppy… s/t vulnerable with the main market.
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notable energy: SLB
S/t bearish to the 25/24s, where I would gladly add.
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notable reversal: AMC
The Apes have managed a powerful reversal, but if sp’4250/40s… I have to expect lower lows. Same for GME and SPCE.
Time for lunch…