US equities are choppy, if moderately higher. Price structure offers a multi-day bear flag. Natgas has seen an upside reversal to $6.09.
sp’60min
VIX’60min
Summary
S/t momentum prone to rolling over this afternoon.
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notable stock: TSLA
The upside reversal didn’t last long… as there are sellers on every single bounce. M/t horror, as psy’ $100 looks realistic in Q1.
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notable media: WBD
Considerable chatter about the DC Universe… which is being grossly mismanaged. The fans are broadly furious. Yes, I’m a Snyder fan.
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notable strength: AMZN
Bouncing with the main market. M/t bearish, as psy’ $50 looks realistic within Q1.
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notable miner: FCX
Higher with the main market, and copper printing $3.91. Copper bulls need a monthly settlement >psy’ $4.00… but that looks a real stretch.