US equities open moderately higher, as daily momentum is increasingly positive. Teal gap is set to be formally tagged… ahead of Thursday’s CPI.
sp’60min
VIX’60min
Summary
The s/t setup is a mess. S/t equity momentum prone to turning positive… but so is VIX. Daily momentum could easily tick higher for another few days. Those looking to short something, will at least be waiting for teal gap, if not 4K.
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notable stock: TSLA
S/t pressure remains bullish.
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notable Dow component: CRM
I see no news. The stock is m/t horror anyway.
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notable strength: AMZN
Cowen, 160>140… which is still a long ways up.
I hold to m/t bearish to psy’ $50, which will arguably sync with sp’3k.
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notable health: MRNA
Deutsche Bank maintain ‘buy’, 225>185.