US equities are a little choppy. VIX is due to settle in the 19/18s, as the mainstream are still very confident about the spring to come. USD is -0.3% at 105.25. The US 10yr yield is 3.98%.
sp’60min
VIX’60min
Summary
Regardless of the exact close, its been a net bearish day with a new s/t low of 3969… if still above last Thursday’s low of 3928. S/t momentum continues to slowly swing back toward the bulls, prone to turning positive tomorrow.
Yours truly remains pretty content to sit back and see what the bulls can manage.
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notable Dow component: JPM
Yesterday saw the first close under the 50dma since mid Oct’.
S/t prone to bouncing… if only a day or two.
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notable weakness: TSLA
Bulls should send their complaints to Berenberg.
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notable strength: AMD
S/t speculative buying, for no particularly good reason.
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notable fin: BAC
The fifth day lower of six. S/t prone to bouncing, if only 1-2 days.
back at the close…