US equities have slipped into minor chop mode, which appears all the bears can manage, before a push into the 5000s. VIX 13s are reflective of a supremely confident mainstream. Gold printed $2054.
sp’60min
VIX’60min
Summary
S/t momentum is increasingly negative, but we appear more inclined for chop… aka… bullish consolidation, than anything else. It really won’t take much to print 5K this week.
–
notable stock: F
Ford bouncing… ahead of earnings due in AH.
The setup does favour the bulls.
–
notable Dow component: DIS
Blackwell Capital pushing shareholders for board members, and to split the company. Earnings due Wed’ AH
—
notable fin: PYPL
Paypal bouncing… with earnings due Wed’ AH
—
notable miner: ALB
Lithium miners catching a bounce, after yesterday’s latest horror.
Time for a light lunch…