US equities are increasingly subdued, and should remain that way across the afternoon. There is threat of a little cooling into close, with the more twitchy exiting ahead of a possible sig’ gap lower.
sp’60min
VIX’60min
Summary
Little to add… as its very quiet out there. Today does give everyone NO EXCUSES, as we have opportunity to consider our positions ahead of CPI.
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notable Dow component: AAPL
Apple powering upward… its pretty impressive, and gives some indirect confidence that the main market will battle through hot CPI… and upward to challenge 4k.
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notable semicon: MU
I see no news.
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notable energy: CHPT
A relatively small bounce. I hold (from $12.43). Cyclically low.
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notable trans: UAL
Along with Boeing… United is soaring… for no particularly good reason that I’m aware of.
Time to check on the cheerleaders…