US equities have built rather broad gains. Bond yields are slowly cooling back from multi-decade highs.
sp’60min
VIX’60min
Summary
We should perhaps be looking at some degree of ABC bounce, that stretches into next Tuesday. I’d be open to at least one cooling wave between now and the weekend, but it won’t be enough to take out the daily 200MA.
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notable energy: XOM
Laggy to the sector today. Cowen ‘market-perform’, 107>110.
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notable weakness: BA
Boeing is still s/t horror. Natural target are the $170s.
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notable strength: TSLA
Reflective of a few s/t speculative buyers.
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notable fin: SQ
Block breaking a new multi-year low, if recovering to positive, helped by the main market. The CEO is due to leave as of next Monday.