US equities begin the short four day week broadly lower. The SPX has broken under 4450, with the door now open to 4400. WTIC printed $92.93.
sp’60min
VIX’60min
Summary
The s/t equity bear flag, and the VIX bull flag have both started to play out.
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notable stock: TWTR
A full opening reversal, as buyers are out there.
Yet, are we to soon expect news that Elon has dumped his stock?
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notable weakness: TSLA
S/t broken, as momentum turned negative last Friday.
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notable semicon: NVDA
Not helped via a downgrade from Baird.
Alarm bells if a monthly close <249, as seems probable.
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notable miner: NEM
Newmont breaks a new historic high, helped with Gold printing $1974…. but a full reversal. The cautious will be such.