US equities remain in minor chop mode, with the SPX having effectively tested the 50dma. Tuesday threatens a gap lower on the CPI.
sp’60min
VIX’60min
Summary
Suffice to add… a bearish start to the week. A foray under 4400 appears probable tomorrow.
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notable Dow component: MSFT, daily2
A very rough start to the week. Unlike the Nasdaq comp’, this H/S is due to play out within the near term.
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notable stock: TSLA
S/t broken, as momentum is increasingly negative.
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notable strength: TWTR
A day of sig’ swings.
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notable miner: AG
First Majestic battling to settle net higher. The main market isn’t helping. The cautious will wait to chase >15.
back at the close…