US equities remain choppy, but the SPX and Nasdaq have printed new historic highs, making it a net bullish day/week.
sp’60min
VIX’60min
Summary
Little to add.
Bears may as well turn off their screens for another week.
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notable stock: AAPL
Wedbush, outperform, 270>310
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notable stock: TSLA
Piper Sandler, overweight, 400>500
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notable retail: AEO
Just s/t cooling, with momentum having turned negative.
Note the recent black candle marking a s/t top.
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notable health: PFE
Bidding $5-7bn for weight loss pill company… Metsera (MTSR).
Daily momentum prone turning positive within 1-2 days.
Time to cook….