US equities are choppy, most leaning on the weaker side. VIX has printed the 19s… if briefly. WTIC printed $67.56.
sp’60min
VIX’60min
Summary
Its arguably a case of Mr Market teasing the bears, not least the crash callers. We don’t have to break a new historic high every week, right?
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notable WSB stock: GME
The lunatics from Wallstreetbets did indeed buy the dip, with the stock turning (briefly) positive. Set for a reversal candle. Bullish.
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notable airline: UAL
United set for powerful gains, an impressive reversal after warning that Q3 isn’t going that well.
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notable strength: PTON
New apparel line. I wonder how crazy high a price they’ll be charging for basic sports wear? Momentum due to turn positive, which bodes well into next week.
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notable miner: FCX
Freeport set for sig’ gains, helped with copper $4.28. I hold… still seeking a grander run to challenge the 2011 historic $48s.
back at the close…