US equities continue to recover upward. VIX has been ground back down into the 13s. USD is +0.5% at 104.28. US 10yr 4.16%… still a little shy of recent highs.
sp’60min
VIX’60min
Summary
S/t structure offers a bear flag.
Cyclically, momentum is marginally positive, and prone to turning negative early Tuesday. Clearly, how Asia and Europe trades overnight will be key variables. Frankly, I’d be open to a straight gap up into the 5000s.
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notable stock: PLTR
Palantir has earnings in AH.
The stock has reversed from around the 50dma, on high vol’.
I’ve long seen the stock as wrapped in too much hysteria.
Cyclically, the setup leans bullish, but arguably even the bold will leave alone.
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notable semicon: NVDA
A new hist’ high, as the $700s are clearly coming.
Would giant psy’ $1000 sync with SPX 5400s?
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notable car: TSLA
A new multi-month low… not great, and I wonder if Elon has noticed.
Cyclically low, and I can understand the bold adding… as Ms. Wood of ARK has been.
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notable miner: LAC
The ‘work in progress’ breaks yet another new cycle low.
I don’t know what Lithium prices are… but I’m guessing they ain’t up. I like the company for the VERY long term, but it could easily fall to the $1s, not least if/when the main market is eventually whacked lower.
back at the close…