12pm update – lunchtime gains

US equities are choppy, if holding minor/moderate gains. Oil has cooled to $71.06.

sp’60min

VIX’60min

Summary

S/t equity momentum is due to turn positive, and it should ensure net daily gains of some degree, ahead of Friday’s BLS data. Green gap could be expected to be tagged before the weekend.

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notable stock: BA

Bouncing after a few rough days.
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notable rebound: INTC

The buyers did appear after the early -4% drop.
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notable hysteria: PTON

Higher on news of some partnership with Tiktok.
I see no realistic hope that Peloton has a l/t future.
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notable trans: JBLU

Jetblue powerfully higher. Arguably its mostly just bouncing after three rough days.