US equities remain in rather typical micro chop holiday trading mode. VIX 20s are reflective of a mainstream with no concerns.
sp’60min
VIX’60min
Summary
Equity momentum remains due to turning negative… with VIX momentum due to turn positive… if not until next Monday.
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notable Dow component: AAPL
Mostly just China related.
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notable stock: DIS
Set for net gains. Broadly… its still broken.
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notable energy: RIG
Spurious gains.
I will continue to see the stock as problematic after recent earnings.
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notable miner: LAC
A really lousy lead into the weekend, and reflective of most lithium miners.
I like this one for the very long term, but I see no hurry to buy back.
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Time for lunch.
Back at the close…