US equities are choppy, if continuing to recover. VIX has broken a new multi-year low of 13.17. USD is -0.5% at 101.62.
sp’60min
VIX’60min
Summary
Its just another day with a pretty standard latter day recovery. For the bears… the cooling waves remain nothing significant/sustained. For the bulls… normal service continues. The s/t cyclical setup leans to green Thursday.
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notable stock: KBH
KB Home has earnings in AH. The stock today broke a new multi-year high… headed toward the 2005 hist’ high of the $65s
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notable weakness: FDX
Justly lower on lousy earnings and the CFO leaving.
The current candle is an inverse shooting star… and leans s/t bullish.
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notable health: MRNA
Breaking a new low for the year.
The only realistic hope is… bird flu, or if the WHO start mandating shots (when they get authority over the global populace in summer 2024).
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notable stock: TSLA
A rough day for Tesla, with Farley of Ford taking a pot shot at Musk…
"I make trucks for real people who do real work" 🙄
Farley to Musk. $F vs $TSLA Let them fight. https://t.co/noJz4inyoq pic.twitter.com/kzdgmtSRLp
— Philip Calrissian (@Trading_Sunset) June 21, 2023
Time to venture outside, back at the close…