US equities remain in minor chop mode. S/t momentum has turned negative… as the market is due a quadruple opex… ahead of a long weekend. VIX is due to settle in the 13/12s… reflective of a zero fear mainstream.
sp’60min
VIX’60min
Summary
Well, regardless of the exact close, its to be seen as a net bullish day… for a net bullish week. I’m somewhat relieved, as I managed to avoid getting ground to dust this week, and I survive into next week.
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notable Dow component: DIS
Loop capital ‘buy’, 125>120.
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notable stock: ADBE
Earnings were fine, but its black candle, and it leans bearish for next week.
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notable strength: NVDA
A new hist’ high… as bullish as it gets. RSI 75s… a subtle divergence to the prior high when the stock was printing $419s. Even the crazy bold will be lightening up, or at least raising their stops.
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notable stock: TSLA
I’d note the intersecting 50 and 200dma in the $190s, which might sync with the main market cooling.
Time to venture outside, back at the close…