US equities are choppy, if broadly lower. VIX 21/22s is marginally interesting… soft upside target are the 25/26s.
sp’60min
VIX’60min
Summary
A break of s/t rising trend appears more realistic tomorrow.
Wednesday offers daily momentum to turn negative, which will hopefully make for some market drama for the monthly settlement.
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notable Dow component: DIS
M/t bearish… with a grander target of $39s. I accept that as crazy talk.
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notable semicon: MU
A recent failure to re-take the $65s. M/t bearish $36s
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notable steel: CLF
Reflective of most commodity related stocks.
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notable fin: COIN
The May $40s are NOT going to hold.