US equities are choppy, if increasingly leaning on the upward side. For the ‘crash callers’ out there, its proving to be a rather annoying Thursday.
sp’60min
VIX’60min
Summary
The chop continues. Considering the s/t cyclical setup, my best guess is Friday OPEX will settle around 4430/40s.
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notable bond ETF: TLT
Higher bonds as yields cool back.
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notable fin: BAC
Banks struggling with the market and lower yields.
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notable stock: TSLA
Tesla’s ‘AI event’ is due 8pm EST. I’m not sure if it’ll be a complete bore-fest, or something interesting about self driving cars. The stock is merely struggling with the main market.
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notable energy: SLB
Schlumberger lower with the sector. The current candle is a reversal.
Time for lunch, and to check on the cheerleaders…