US equities remain in minor chop mode, increasingly leaning on the weaker side. VIX is battling for the 21s.
sp’60min
VIX’60min
Summary
We have a fair number of reversal candles right now. Things would turn problematic if the SPX trades under yesterday’s low of 3678, which would make for a bearish engulfing candle, ahead of a Thursday, which is prime for the bears. Orange gap is certainly feasible tomorrow.
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notable stock: F
Ford is having a strong day. I see no news. Major resistance psy’ $10.00
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notable stock: AMD
The s/t speculative buyers have appeared, as psy’100 remains on the menu.
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notable strength: SPCE
This is nothing less than speculative hysteria… a company which has no customers, and no active business.
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notable stock: ROKU
Roku breaks a new hist’ high, helped via Citi, maintain BUY, 220>375!
Time to check on the cheerleaders…