US equities open in minor chop mode. VIX 17s, but prone to settling red. WTIC printed $73.69. USD is -0.1% at 100.89… as a break <100 would merit s/t alarm bells.
sp’60min
VIX’60min
Summary
It seems that Monday is prone for chop, which the bulls can argue is just consolidation. Tuesday should offer the 4160s. The only issue is whether we briefly push to the 4180/90s… or even 4200, before another swing lower.
I’m content to sit back and see where we stand early tomorrow.
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notable stock: TSN
Post earnings upset… as consumers are (not surprisingly) cutting back.
There is ZERO reason not to expect Q2 to be more difficult.
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notable stock: TSLA
Just s/t speculative buying, for no particular reason.
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notable weakness: COIN
Sentiment isn’t good in crypto land, after Binance halted withdrawals… if only for a few hours.
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notable health: BNTX
Rev’ y/y -80.0%, as the sheep are tired of lining up for their shots.
Difficult to see this one surviving. I’d accept it could be bought out… if unlikely.