12pm update – lunchtime chop

US equities are choppy, if mostly still net lower (Nasdaq comp’ +0.3%). USD is -0.6% at 99.38. WTIC has cooled to $61.63.

sp’60min

VIX’60min

Summary

For the bears… frustrating… as we’ve another recovery.
For the bulls looking to add… frustrating.

As Ms. Estafan would sing… there is always tomorrow.


notable stock: GOOGL

Ongoing hysteria about smartglasses, which reminds me of the META headsets. Hell, remember Metaverse, which the Zuck’ thought would change the world?

There is a second story… Google partnering with Volvo, Android software for vehicles.

Today’s candle is spiky from around the 200dma and filled green gap.

notable health: MRNA

… for what remains l/t horror. Sub $10 remains realistic later this year.

notable retail: TGT

Some buyers… but earnings weren’t pretty, and even the bold will leave alone.

notable car: TSLA

Choppy. Natural target remains red gap with the 200dma.