US equities remain a little choppy, if still mostly leaning upward. Gold, Silver, Oil, and a fair few other commodities are struggling, with an upside reversal in the dollar.
sp’60min
VIX’60min
Summary
The 15min cycle on the VIX remains on the high side… as the setup favours the equities into the mid afternoon. Tuesday will see the CPI, and that should be an issue for anyone considering a short.
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notable stock: AAPL
Today… mostly reflective of the main market.
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notable tech-soft: ORCL
Breaking a new hist’ high.
Wolfe Research ‘outperform’, $130. earnings due in AH.
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notable strength: CCL
JPM neutral>overweight, 11>16
I do NOT like the stock/sector.
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notable banking ETF: KRE
The banks should be hoping the Fed raise rates… if not until July 26th.
Time for lunch…