11am update – morning chop

US equities are choppy, if still leaning on the weaker side. The two leaders – Trans/R2K, are both sig’ lower, suggestive even the SPX should settle net lower to some degree. WTIC $68.10. Silver printed a new multi-year high of $38.23.

sp’60min

VIX’60min

Summary

S/t momentum has turned negative.
Lower bollinger is offering 6220/30s this afternoon.


notable air taxi: JOBY

New hist’ high.
Even the bold… will NOT be chasing at this time/price.

notable weakness: META

S/t weak… with a viable double top.

notable strength: NVDA

New hist’ high… impressive to the main market.

notable trans: UAL

Its just a cooling wave of yesterday’s major gain.
Earnings next Wed’ AH should be good.

time to cook