US equities are due to settle the week on a somewhat positive note, as yesterday’s daily bullish engulfing candles played out. VIX is going to settle under the key 20 threshold.
sp’60min
VIX’60min
Summary
SPX due to settle net higher for the week by around +0.5%
Frankly, the bulls should be relieved, after seeing a good half dozen bounces sold into this week.
Yours truly is content on the sidelines, but I can’t do that forever, or I’m doomed for sure!
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notable stock: SPCX, 5min
Well, it ain’t going to settle under the open of $150, so… no black daily candle.
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notable weakness: RKLB
Rough day for the other space stocks, but then… they maxed out a few weeks ago.
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notable strength: INTC
Semicon hysteria. The more bullish could argue multi-week structure is a bull flag.
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notable stock: AAPL
S/t structure offers a bear flag.
I should venture out, as I’ve a mild case of cabin fever.
I’ll likely host a live stream.
back at the close…