US equities have seen a secondary push upward, as s/t momentum is increasingly positive. WTIC has cooled from the $75s to $71s, and that didn’t even require a net positive dollar.
sp’60min
VIX’60min
Summary
Bears could argue s/t structure is just an extended bear flag… to play out Friday/Monday.
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notable stock: OXY
Occidental has turned red, as yesterday’s black candle has played out… not helped by a rather massive downside reversal in oil.
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notable semicon: AMD
AMD is higher, but the gains aren’t inspiring, as this one will be the first to turn red.
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notable reversal: TSLA
Even Tesla has managed to turn positive, but clearly… its absolute m/t horror from the $414s.
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notable miner: GOLD
Barrick Gold higher with the sector, and gold printing $1806. Gold bugs need to clear the August $1824s.
Time for a much needed lunch…