US equities open choppy, if leaning on the weaker side. VIX is churning the 18s… prone to settling red… with green indexes. USD is -0.2%. US 10yr 4.71%
sp’60min
VIX’60min
Summary
I can NOT take the early weakness seriously.
We appear headed into the low 4300s… tomorrow.
The only issue is whether teal gap can be tagged.
It’d sure make for a more comfortable re-short.
I wait.
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notable stock: AAPL
A key stock the bulls need to see ‘hold together’ to have hope of further upside. Momentum has turned positive.
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notable weakness: OXY
Oil $82s sure isn’t helping.
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notable strength: TSLA
S/t speculative buyers. Momentum has turned positive.
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notable car: RIVN
The market is upset at a $1.5bn convert’ corp’ debt offering, which by definition, will be prone to diluting the value of existing shares.