11am update – morning upside

US equities are choppy, if very significantly higher.

sp’60min

VIX’60min

Summary

New intraday high of 6770… just 56pts shy of minor green gap.
The daily charts offer it… if not until next Mon/Tues’.

Again, next week… will be really skewed and compressed, due to Thanksgiving, and further… ‘end month issues’.


notable stock: BMY

The fourth day lower of six.
Note the sellers appeared from around psy’ $50.
Yours truly bailed on Tues’ from the $47s.
Maybe I can buy back in the $42s.
Secondary… $36s (if SPX 6200/100s ?)

notable weakness: VZ

Kinda trading inverse to the main market, as it loses a little of its defensive bid. The stock remains stuck under the 200dma. Having sold from the $41s on Tuesday, I wonder how low I might be able to buy it back.

notable strength: TSLA

Powering upward with the main market

notable fin: OWL

Bouncing… but this remains m/t horror.
Survival… is highly questionable.

time for lunch