US equities remain in minor chop mode, as the market remains s/t cyclically low. The real action is in anything commodity related, such as steel, miners, energy.
sp’60min
VIX’60min
Summary
The main market is already outright tedious, but we do have some dynamic individual movers….
notable stock: TSLA
We’ve bullish chasers, with Tesla pushing for giant psy’ $1000.
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notable energy: SLB
Helped with CFRA 30>43. The stock is rather stuck though, with momentum STILL weakening. Yours truly has a grander target of the $54s.
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notable steel: X
US Steel powering upward…. earnings due Thurs’ AH.
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notable miner: FCX
Freeport higher with the rest of the sector.
Time for a much needed lunch…