12pm update – lunchtime chop

US equities remain a little choppy, if mostly still net positive. VIX has been ground into the 12s… as the mainstream have zero concerns about this weekend.

sp’60min

VIX’60min

Summary

Whether we settle net positive or red… doesn’t matter.
New hist’ high… net bullish day/week/month… as reflected in sub-teen VIX.


notable stock: MSTR

Tired buyers… and holding well below yesterday’s high.
Red gap should be a concern.

notable defence: LMT

As world peace continues. Cyclically low.

notable retail: WMT

The king of BOX retail… another new hist’ high. Cyclically… crazy high.

notable stock: SOUN

Bullish follow through after yesterday’s powerful gains on the l/t good news of working with Torchy’s Tacos. RSI 82s, black candle, and even the bold will be raising stops.

Time for lunch… and it ain’t Tacos