US equities are set for broad gains. VIX is on track for an important weekly settlement back under the key 20 threshold… which bodes bullish for equities into early January.
sp’60min
VIX’60min
Summary
For a bullish engulfing weekly candle… we need a close >4731.99, which appears probable. Its impressive, and bodes for higher highs next week.
*I’m actually pretty twitchy to ‘lighten up’, mostly in FCX and MOS… but it looks like they’ll be somewhat higher next Monday… so I should probably hold everything across the long weekend. In any case… its been a fine end to a bullish week.
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notable stock: TSLA
Tesla ending the week on a powerfully strong note. We’ve a secure short/mid term floor. Soft target is the upper bollinger around 1150s.
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notable stock: MOS
Mosaic is nearing green gap resistance. M/t bullish to psy’ $50 and beyond.
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notable strength: MU
Micron set for giant psy’ $100… whether next week or early January. From there… 120/125 zone.
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notable miner: FCX
We’re at/near next resistance. I’m sure tempted to lighten up.
back at the close…