US equities are broadly lower, for what is a just a cooling wave from Friday’s historic high. VIX has printed the 14s. WTIC $71.41, pressured by the weak main market and the stronger dollar.
sp’60min
VIX’60min
Summary
S/t momentum prone to turning negating into lunchtime, which is supportive to net daily declines of some degree. Again, I see this as meriting ZERO hysteria.
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notable stock: CAT
A new hist’ high, but gains are eroding, partly main market related.
That is a pretty ugly black candle.
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notable semicon: NVDA
New hist’ high… just s/t speculative bullish chasers, with increasing background chatter of $1000
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notable stock: META
Just a minor retrace of Friday’s massive gains.
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notable miner: FCX
Freeport whacked lower, with copper printing $3.76, the latter not helped by the stronger dollar.
Time for lunch…