US equities open on a positive note, as s/t momentum is building. VIX is battling to hold the key 20 threshold. Regardless of today, the concern should be Thursday’s CPI.
sp’60min
VIX’60min
Summary
A strong start. S/t momentum should max out this afternoon. Bulls should be mindful of today’s opening gap… which would be a basic target tomorrow. Yours truly is exhausted, and I don’t need the stress of picking up any shorts. I’ll merely look to buy back CFVI tomorrow.
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notable Dow component: DIS
Disney has earnings in AH.
re: Book of Boba Fett… all I will say is… Disney know what they are doing.
Great show.
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notable stock: CFVI, 60min
S/t vulnerable… 13/12s… and those looking to buy (yous truly included) will be waiting until the CPI data is out of the way.
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notable strength: OXY
Early gains, but momentum is still prone to turning negative within 1-2 days. I’d see the stock/sector as one of the last to be short though.
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notable miner: LAC
Yes… I sold too early. If I was still holding… I’d still be looking to close out ahead of Thursday.