US equities are choppy. USD is +0.4% at 98.50. US 10yr yield is broadly higher at 4.33%.
sp’60min
VIX’60min
Summary
A vain bounce… one I can’t take seriously.
The door remains open to orange gap… with Powell due tomorrow.
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notable stock: CBRL
Unable to hold the 200dma. $40 doesn’t look difficult.
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notable weakness: BMNR
Momentum due to turn negative.
Sub $30 appears an eventuality, where I will be an interested buyer.
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notable steel: CLF
Morgan Stanley, equalweight, 10.50>10.10
… its an attention seeking downgrade.
I’d seek 8/7s.
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notable stock: XPEV
… from yesterday… Citi, buy, 29.00>29.40.
time for lunch