12pm update – lunchtime chop

US equities are leaning a little higher, as the bears are broadly powerless. VIX 15s are reflective of a mainstream with zero concerns.

sp’60min

VIX’60min

Summary

Tedious… but the bulls should be very content with this type of price action.


notable stock: B

Powerful gains for Barrick… with gold printing a new hist’ high of $3734.

notable air taxi: JOBY

Just s/t cooling.
The $10s still look feasible, if SPX 6K

notable strength: MU

S/t buyers ahead of earnings, Tues’ AH
Cyclically high.

notable miner: MP

A prime target, but still far above an acceptable entry of psy’ $50

time for lunch