US equities are choppy, if still leaning on the upward side. WTIC has printed $77.72. USD is churning flat around the DXY 103s.
sp’60min
VIX’60min
Summary
Chop chop… and its somewhat natural, ahead of Thursday’s CPI.
Daily momentum is offering ZERO sign of a ceiling/turn, and as someone who is looking to short something, that is my concern.
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notable semicon: AMD
Barclays 68>70, Keybanc 85>80
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notable Dow component: CRM
I found news… Bernstein 134>119. The latter still looks overly optimistic, considering the slowing economy, and worsening jobs market.
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notable strength: F
Just bouncing with the main market. M/t bearish to the recessionary $6s
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notable miner: ALB
Lithium miners catching a bounce, but the broader market shall likely remain the problem into the spring.