US equities are choppy, if mostly leaning on the weaker side. Equity bears should be looking for VIX to settle above the key 20 threshold. WTIC $73.74
sp’60min
VIX’60min
Summary
Two big forces…
The market makers will favour a pin around 6000
… but we should see net sellers, with a rather strong case of ‘rats selling into the weekend’, as the news headlines keep on coming.
Yours… never had a pet rat.
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notable defence: LMT
As there is even talk of Trump using tactical nukes… the defense stocks are an obvious sector this summer.
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notable weakness: NVDA
Marginal bearish engulfing candle… bodes bearish for Monday
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notable car: TSLA
The natural pin remains $325. I’m sure this weekend’s Robotaxi launch will go broadly fine. Self driving IS the future.
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notable stock: GOOGL
The sixth day lower of seven.
back at the close…