US equities are battling to push upward, as s/t momentum is increasingly positive. Major resistance… sp’4120s. Nasdaq is lagging, currently -0.4%.
sp’60min
VIX’60min
Summary
Suffice to note… bulls look okay into the mid afternoon. The next problem… is that tomorrow is a Thursday, which will inherently favour the bears. If not, there is always Friday the 13th.
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notable stock: AAPL
Apple is struggling. Big target… Oct’2021 $137s.
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notable energy: OXY
Powering upward, helped by WTIC $105s. The more cautious will have an increasingly tight stop.
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notable weakness: TSLA
M/t broken… natural target 550/500. I accept that looks a stretch, even if sp’3500s.
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notable steel: CLF
Bouncing with other commodity stocks. Still a short/mid term broken mess. I can’t add until sp’3500s.
Time for lunch…