US equities remain a little choppy, if mostly leaning on the upward side. WTIC has cooled to $74.39, partly pressured by ‘cut prices’ comments from Trump.
sp’60min
VIX’60min
Summary
More than anything, its arguably just bullish consolidation. Some stocks – such as CAT, BA, offer price structure that suggest we won’t retrace to even 6K.
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notable Dow component: CAT
Structure of a multi-week bull flag is playing out.
Its a good sign for the bulls.
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notable weakness: EA
Pre-earnings report, with updated weak guidance.
Its at least partly a sign of the broken consumer.
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notable drone: RCAT
Speculative, but I’m quietly watching.
The $7s would be attractive.
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notable car: TSLA
Struggling, but does anyone doubt a new hist’ high >$500 this Feb/March?
As night falls… its time for a much needed lunch