12pm update – cheerleader time

US equities remain choppy, if still leaning on the weaker side. WTIC printed the $115s, as the recent $130s look set to be surpassed this spring, and onto the July 2008 historic $147s.

sp’60min

VIX’60min

Summary

The chop continues… although the Nasdaq has managed to turn positive. For now… sp’4522 is the provisional multi-week bounce high. Bears could do with sig’ declines on Thursday.


notable Dow component: AAPL

Apple is nearing the key Feb’ $176s

notable retail: HD

I see no news. The stock remains m/t broken. Notice the stall from green gap.

notable energy: RIG

The more bold are chasing Transocean higher. Today’s candle is spiky from green gap, and the cautious will stick to OXY, SLB… or DVN.

notable miner: CCJ

Uranium stocks remain m/t hot, as even the dumb Europeans are starting to wonder if they’d like to keep the lights on into the 2030s, and restart their nuke plants. Speculative alt’: UEC

Its cheerleader time, but yours truly remains on CNBC holiday.