US equities remain a little choppy, with indexes having already turned fractionally positive. The s/t cyclical setup favours the bulls this afternoon, and into Wednesday.
sp’60min
VIX’60min
Summary
*minor quirk on the hourly chart. Stockcharts is not showing the correct Friday high of 3699.20.
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Little to add.. for what is minor chop.
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notable stock: AMD
AMD struggling. Its 6900XT graphics card… an outright major fail, unable to compete with Nvidia.
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notable energy: SLB
Schlumberger battling upward. Soft target 28/29s.
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notable shipper: CCL
Carnival breaking a new multi-month high. I expect the June $25s to be broken above, with next resistance of the $35s.
Time to check on the cheerleaders, although I’m keeping an eye on SpaceX, which is still due to launch today.