US equities are choppy, if still net lower, as the market is rightly twitchy about the Ukraine/Russia situation. VIX 17/18s remains relatively low. Gold printed $2652, which is more impressive relative to the USD +0.5% at 106.66.
sp’60min
VIX’60min
Summary
The SPX has an effective spike floor from the lower end of what is a bearish pennant. The bigger daily charts lean net bearish into/across Thursday. A break <5853 would be decisive, and offer 5700.
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notable stock: NVDA
Lower with the main market… as the more cautious will leave this one alone.
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notable weakness: TSLA
Tesla lower with the main market. Cyclically high.
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notable retail: AMZN
Partly dragged down by TGT. Momo is increasingly negative.
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notable miner: SVM
A tiny miner… lower on earnings, and news of a secondary offering of $130M. The break of the 200dma is a problem.
As night falls… its time to cook