US equities are choppy, with the opening gap having been fully filled. Despite the reversal, the VIX is only in the 18s, as the mainstream have no real concerns ahead of the weekend. WTIC is churning the $69s.
sp’60min
VIX’60min
Summary
Chop chop… if leaning a little weak. The only thing the bears have is daily momentum continues to weaken. Again though, we don’t have to break a new hist’ high every single week, right?
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notable Dow component: INTC
I see no news for the jump… a stock that has been maligned for some months.
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notable weakness: GSAT
Globalstar merits at least some attention. The Apple event next Tuesday (1pm EST) will likely garner the company renewed attention, on the notion iPhone13 might offer a Satellite alternative if no cell coverage.
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notable strength: AMC
AMC powering upward, as sentiment is improving on the notion that ‘Theaters aren’t obsolete’. I agree… to some extent.
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notable commodity stock: MOS
Mosaic pushing upward. I hold. Momentum prone to turning positive next week.
Time to cook…