US equities are choppy, if leaning back upward. S/t momentum did (if briefly) turn negative. A push to 4K… appears more likely than a foray <3900.
sp’60min
VIX’60min
Summary
Little to add… as price action is similar to yesterday.
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notable stock: TSLA
Holding up well. Monthly 10MA… low $900s.
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notable semicon: AMD
As ever… one of the first things to turn positive.
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notable steel: CLF
Credit Suisse ‘outperform’, 37>30.
Earnings due early Friday. Soft target $18s… with the 50dma.
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notable miner: FCX
There are buyers out there… but not me… at this time/price.
Time to check on the cheerleaders… or probably just to mute them.