12pm update – lunchtime chop

US equities are choppy, if still clawing upward. Natgas prints psy’ $3.00.

sp’60min

VIX’60min

Summary

With a marginally higher low, structure is now offering a multi-day bear flag. Natural target would be a test of key support around 5700. There is a viable daily H/S (will highlight later), that’d offer basic downside to around 5400. Geo-pol concerns would be a prime excuse.

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notable stock: NVDA

Earnings due Wed’ AH should be good with a positive outlook.
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notable trans: UAL

Nearing the hist’ high of $97.85 from late 2018.
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notable strength: NFLX

Yet another new hist’ high. FPE 36s… is pricey.
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notable miner: UEC

As Uranium remains pretty hot!