US equities are choppy, if leaning a little weak. Price action is arguably ‘bullish consolidation’ ahead of (minimum) target of the 4160s early Tuesday.
sp’60min
VIX’60min
Summary
Chop chop… chop.
Zero reason for the bears to get involved today.
Bulls can see structure as a baby bull flag, and look for a little higher to the 4160s.
–
notable energy: OXY
Occidental sig’ lower, as Berkshire deny buyout speculation.
–
notable fin: SQ
Barclays ‘overweight’, 103>95
Great company/service, but even the bold will leave alone.
–
notable regional bank ETF: KRE
It didn’t take long for the regional banks to turn negative, as the s/t hysteria is wearing off.
—
notable miner: ALB
BofA, underperform>neutral, 195>200.
The cautious will leave alone, not least as this is Chile related!
Time for a much needed lunch…