US equities are choppy, if still leaning on the weaker side. WTIC $68.55. Copper $5.57.
sp’60min
VIX’60min
Summary
Bears could argue s/t equity structure is building a bear flag.
S/t momentum is on the low side.
The only concern to the bulls… CPI on Tuesday.
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notable stock: HL
Hecla powering upward with Silver $38s. Momo due to turn positive.
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notable weakness: NKE
Nike to replace the CEO of its ‘Converse subsidiary’
Momo prone to turning negative on Tues’
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notable semicon: INTC
Just cooling back. The $29s look realistic late Aug’/early Sept’
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notable car: TSLA
Just weak with the main market. More broadly… its a chop fest.
Cyclically low
time for a much needed lunch