3pm update – into the close

US equities are set for sig’ net daily declines. VIX has climbed into the 23s, with next resistance of psy’30. WTIC $77.40.

sp’60min

VIX’60min

Summary

S/t equity momentum has turned negative.
S/t VIX momentum is increasingly positive.

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notable stock: AAPL

Sig’ lower with the main market. Friday’s black candle played out.
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notable weakness: AMZN

Those buying last Friday’s bounce are having a rough start to the week.
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notable car: TSLA

Leading the main market lower.
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notable semicon: NVDA

Partly pulled upward by sister SMCI.
Both look highly vulnerable to swinging back lower.

back at the close…