US equities are choppy, with indexes battling to hold gains of some degree. VIX remains crushed in the 13s.
sp’60min
VIX’60min
Summary
Regardless of the exact close, with a new multi-month high of sp’4322, its been a net bullish day and week, reflected in VIX 13s.
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notable stock: TSLA
A very strong end to a very strong week for Tesla.
The valuation has become ludicrous, FPE is around 50.
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notable weakness: TGT
The push against those companies supporting the ‘woke’ lunatics continues… with Babylon Bee calling them out.
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notable strength: NFLX
Hopes that subs will broadly increase into 2024, with an increasing push against password sharing.
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notable semicon: NVDA
Set for net gains… but remaining under the recent $419s.
Time to venture out… back at the close…