US equities are broadly higher. The s/t cyclical setup threatens some cooling… if only to around 4700. WTIC printed $75.97.
sp’60min
VIX’60min
Summary
Suffice to add… we’re s/t over-stretched, and sooner or later… we’re going to see some cooling… if only a day or two of weak leaning chop.
*I have fully exited MOS, and lightened up in MRO.
I still like MOS for the m/t. I want some funds to pick up F before it runs away to the 1999 $23s.
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notable stock: F
Ford powering upward. Momentum due to turn positive in 2-3 days. Its open air to the 1999 historic $23s. Secondary target is psy’$30, which looks realistic within March/April.
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notable Dow component: AAPL
A push to psy’ $200 is arguably underway. Momentum due to turn positive in 2-3 days.
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notable stock: MOS
Green gap… spooks me a little, and I’m fine to be out. Cyclically… way over-stretched.
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notable steel: CLF
Cleveland higher with the main market. Soft target teal gap. Along with X… I hold. Still marginally underwater… but I can wait.
Time to check on the cheerleaders. Pete is in the house!