US equities remain a little choppy, if leaning upward, as the market is arguably floor building, ahead of a few days of gains. VIX has cooled to the low 19s
sp’60min
VIX’60min
Summary
*SPX momentum due to turn positive, with VIX due to turn negative.
The minor swings are no doubt annoying a great many.
The s/t hourly setup favours the bulls.
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notable bond yield proxy: TNX, 60min
Hourly momentum has turned negative.
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notable bank: BAC
A new multi-year low, as the banks are struggling.
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notable semicon: NVDA
S/t bullish with the Nasdaq.
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notable strength: TSLA
Tesla remains one s/t hope for the bulls. Momentum might turn positive Thursday.