11am update – morning weakness

US equities are choppy, if still leaning on the weaker side. VIX printed 21.30 with sp’4049. WTIC prints $75.32, not helped with the USD +0.3% at 104.06. The US 10yr yield is 3.84%.

sp’60min

VIX’60min

Summary

Suffice to add, its 11am… first big opportunity for an upside reversal.
It really won’t take much to get this market back to around 4100.


notable Dow component: AAPL

Just lower with the main market. Momentum due to turn negative today/next Tuesday.

notable stock: TSLA

Still holding up well to the main market, and will likely settle net higher. Momentum due to turn negative next Tues’/Wed’.

notable steel: CLF

No news… just s/t broken with the main market.

notable semicon: NVDA

Momentum has  turned negative.
Oppenheimer 225>250, Keybanc 220>280