3pm update – into the close

US equities remain a little choppy, if still leaning on the weaker side. VIX is churning the 18s, as the key 20 threshold looks probable within 1-2 days.

sp’60min

VIX’60min

Summary

In theory, we should lean weak into the close, with stronger downside on Wed’/Thurs. Natural target is the 4720/00 zone.

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notable stock: F

S/t vulnerable if only for 1-2 days. Soft target remain the 1999 $23s.
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notable Dow component: DIS

Disney fairing well. I did see some chatter of a park re-opening. Broadly though, the movie and TV studios are far more important. That reminds me… ‘Book of Boba Fett’ is due Wednesday!
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notable strength: CLF

I see no news, as CLF is set for sig’ gains, fairing far better than X.
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notable miner: FCX

I’d be content to pick up anywhere <$40. There seems no hurry until sp’4720/00 zone.

back at the close…