US equities are battling to hold moderate gains. S/t momentum remains due to turn positive this afternoon/early Monday. VIX appears set for an important weekly settlement under the key 20 threshold.
sp’60min
VIX’60min
Summary
The gains remain pretty shaky, but with CPI out of the way… the market should be broadly fine into early 2022.
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notable Dow component: AAPL
A new historic high. For $3trn… Apple needs the $182s.
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notable tech: MSFT
Microsoft pushing for new historic highs.
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notable strength: ORCL
Post earnings jump, but the gains are fading, reflective of the main market. Momentum has turned positive. Its not one I follow, but its arguably a tier’1 software company.
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notable energy: KMI
Kinder Morgan fairing somewhat better than the sector. I comfortably hold. Soft target mid/upper $16s.
As night falls, its time for a light lunch…