US equities have built broad gains. VIX has broken a new cycle low in the 22s. WTIC has cooled to the $112s.
sp’60min
VIX’60min
Summary
Bears could argue we’re building a baby bear flag, ahead of renewed weakness late afternoon/early Friday. If 4522 fails to hold, then 4250s.
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notable stock: TSLA
Holding under yesterday’s spike high. The longer this goes on… the more $1040 will solidify as a key multi-week high.
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notable weakness: AMZN
Amazon is struggling to the main market. The stock remains m/t broken. Yours… another day… two boxes.
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notable strength: NVDA
Reflective of strong semicons.
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notable energy: SLB
A sixth day higher, as momentum has turned positive.
Its cheerleader time, but I’m very content to remain on CNBC holiday…