US equities open on a positive note, with s/t momentum due to turn positive later today. WTIC has printed $69.96
sp’60min
VIX’60min
Summary
A positive open, but the gains are distinctly shaky, with reversal candles all over the place. I’m still inclined to see net daily gains.
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notable stock: MRNA
Momentum turned positive yesterday, set to build into next week. Clearly, yesterday’s mandate announcements are helping.
**** ****** > ‘Gene Therapy’, which remains an illegal term on Twitter. I can think of some other terms also for **** ****** .
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notable energy: OXY
Occidental higher with the main market, and especially helped with WTIC $69s. Soft target for OXY remains 31/32s.
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notable steel: X
US Steel opens positive, for what is m/t bullish anyway. Multi-week price structure is a big bull flag.
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notable miner: FCX
Freeport is higher, with copper $4.43. A break above upper trend appears due late today or next week. I hold.