US equities remain broadly lower, lead by the Nasdaq. VIX is churning the 26/25s… nothing dramatic… yet. USD is +0.9% at 107.77.
sp’60min
VIX’60min
Summary
Suffice to add… we’re set for net declines in most indexes.
S/t price structure in the VIX is a baby bull flag… which threatens a problem… if only to begin Tuesday.
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notable stock: AMZN
Friday’s reversal candle failed to play out. The only issue… whether teal gap is tagged (again)… before a break <psy’ $100.
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notable weakness: AMD
Reflective of the struggling semicons. M/t bearish, but (as for the main market) I’m suspicious of a bounce… post CPI. I’d note that momentum is due to turn positive.
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notable strength: CFVI
Helped via Elon’s dropped bid for TWTR.
I like Rumble.com, and remain inclined to pick up.
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notable miner: FCX
Cyclically low, but a more natural floor remain the $23/22s.
Time to venture out, back at the close…