US equity indexes are a little mixed. VIX has cooled to the 24s, as it only took 3-4 hrs for the mainstream to have their confidence return. The USD has helped, even turning fractionally negative to the DXY 89.93s !
sp’60min
VIX’60min
Summary
Little to add. Tuesday will threaten a turnaround, as another foray to orange gap is a high threat ahead of the Christmas break. Broadly… its all chop… within a m/t bullish trend.
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notable financial: BAC
Bank of American powering upward with the sector, and that is despite lower yields. Mr Market is hoping for higher dividends and buybacks.
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notable strength, NKE
Earnings last Friday in AH were fine. The Dow component is justly higher, as even those in lockdown need new shoes!
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notable stock: MSFT
Citi neutral>buy, 229>272… which is a fair way higher, and I can’t disagree.
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notable stock: TSLA
Tesla failing to capture the dip buyers, but that is after Friday’s historic high’. Wedbush 560>715, with a ‘bullish case’ of $1000.
back at the close…