US equities open in minor chop mode, if leaning upward, with the SPX breaking a new cycle high of 4791. Natgas has climbed to $2.51.
sp’60min
VIX’60min
Summary
Little to add.
Regardless of the close, with a new cycle high, its a net bullish day.
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notable stock: AAPL
Yesterday saw an upside reversal, helped by the iWatch news.
Apple never printed >$200 this year, but it appears due within 1-2 weeks.
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notable weakness: MARA
A s/t bubble has popped. I honestly don’t know… or care, but this one is capturing some attention. I see no l/t future for it.
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notable strength: TSLA
Chatter about a recall. Early gains… fading.
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notable miner: GOLD
Barrick just cooling back a little. I see all such cooling waves as buying opps, although there appears little hurry this side of the long weekend.
I should venture out… if briefly.