Most US equity indexes are set for net daily gains of some degree. VIX is on track to settle in the mid 13s. USD is -0.7% at 103.27. US 10yr 3.72%.
sp’60min
VIX’60min
Summary
Considerable chop… if set for net gains. The s/t cyclical setup favours the bulls, as the 4300s appear due… maybe even into today’s close.
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notable stock: NVDA
Nvidia set for powerful gains… but its still far below the recent peak.
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notable weakness: MU
A difficult day, as support failed to hold.
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notable strength: TSLA
Set for a tenth consecutive net daily gain. On any basis… impressive.
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notable media: DIS
There is an online battle between those who believe Disney is in trouble, and those don’t. Video-blogger ‘Doomcock’ is taking some flack, but it doesn’t mean he isn’t over the target. Disney needs to pay Comcast a very large amount by early 2024 for Hulu, and right now… it simply doesn’t have the money. I guess they could offer Comcast shares instead, and/or a secondary offering.
Time to catch a little sun. Back at the close…