US equities are slowly cooling back from the early high of 4364. VIX is trying to build a floor from 15.06.
sp’60min
VIX’60min
Summary
With a new cycle high of 4364, I’d note the 38% fib’ has now climbed into the 4260s… which syncs with yesterday’s gap. I should hold both of my SPY PUT blocks until a basic retrace to the 4260s.
–
notable stock: AAPL
What maniac is buying the dip in this?
–
notable weakness: XOM
Energy stocks are struggling, not helped with WTIC $81s.
—
notable health: MRNA
RBC ‘outperform’, 180>125… which is still a stupid target.
The only hope for the shot-makers, is a new ‘dire virus’, and/or powers are officially signed over to the WHO, who then mandate shots to the global populace.
—
notable stock: PARA
Paramount touting streaming losses will be less.
Time for a light lunch…