3pm update – into the close

US equities are choppy, inclined for some cooling into the close.

sp’60min

VIX’60min

Summary

Structure is an ABC bear flag, with a provisional high of 5923, having stalled from within Friday’s gap. The daily charts are net bearish.

—
notable stock: MRNA

Anyone buying into yesterday’s bounce is already underwater.
The $37s, and that is without any major lawsuits, and before RFK Jr begins  his assault on big pharma.
–
notable semicon: NVDA

S/t buyers ahead of earnings, Wed’ AH
–

notable strength: WMT

New hist’ high, as earnings were unquestionably good.
–

notable retail: TGT

Target has earnings early Wed’. I wonder what kind of outlook they will have for Christmas.

back at the close…