US equities remain a little choppy. VIX has clawed back above the key 20 threshold.
sp’60min
VIX’60min
Summary
Chop chop, as Mr Market is trying to find a floor. I’d fully be open to the 50dma (4427 or so), which might be printed tomorrow, before pushing upward.
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notable stock: CCJ
A new cycle high, although the gains were somewhat eroded due to the main market cooling wave.
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notable energy: SLB
Schlumberger is holding powerful gains… and that is impressive relative to the broadly flat main market. I should hold until at least the 35/36s.
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notable fin: BAC
Banks are fairing well, relative to the main market and lower yields. I hold.
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notable bond ETF: TLT
Higher bonds… with lower yields, ahead of Tuesday’s CPI data. I have to expect the $150s to broadly hold as resistance, with higher yields into 2022.
Time to check on the cheerleaders…