US equities open on a positive note… although the gains are pretty shaky. WTIC prints $67.60. US 10yr 3.76%.
sp’60min
VIX’60min
Summary
Some of the s/t bears holding across the weekend will have just been washed out.
Yours truly is open to launching an index short, but I’m still pretty much ‘hit and run’ trades… if at all.
The VIX 5/15min cycles are on the high side, and suggestive equities will see a secondary push upward…. if only to rollover around 11.00am. For now… I wait.
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notable stock: TSLA
Initial upside, but last Friday’s black candle is suggestive it will turn red.
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notable weakness: COIN
Chatter from Hendry this weekend did merit attention.
Does Coinbase even have a future?
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notable energy: SLB
Not helped with oil $67s.
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notable semicon: AMD
The lunatics are still chasing AMD.
FPE 30… which is better than NVDA (50).
Intel is a reasonable 17.