US equities remain significantly lower. S/t momentum is on the cyclically low side, prone to flooring this afternoon… or early Tuesday.
sp’60min
VIX’60min
Summary
Suffice to add… we’ve had a pre-CPI washout… now the bulls get opportunity for a rally into late Tuesday.
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notable stock: TWTR
Momentum has turned negative. Natural big price magnet are the $25s
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notable weakness: NVAX
… Novavax getting whacked… despite news it will supply 3.2M doses of its mRNA gene therapy to various public health outlets. Ohh… and they’re providing it ‘free of charge’. What exactly are they doing?
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notable Dow component: HD
I’m not aware of any news why this one is net higher.
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notable miner: LAC
Just main market pressure. I remain looking to buy back.
Time to check on the cheerleaders….