US equities are bouncing… if partly for technical reasons, as s/t momentum remains marginally positive. WTIC printed $69.74.
sp’60min
VIX’60min
Summary
This morning’s bounce is ludicrous. Anyone buying is at extreme risk of a snap back lower on a press release from the Russians.
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notable defence: LMT
Lockheed is higher, but the gains are surprisingly minor, relative to this morning’s news.
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notable hysteria: SMCI
Soaring on news of a ‘compliance plan’ with the Nasdaq, and appointing a new auditor. The real concern should be the Feds… who are still probing.
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notable strength: TSLA
The s/t bulls remain confident
CEO Musk will be more focused on Starship test’6 this afternoon.
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notable health: MRNA
Moderna is back on the slide… not helped by the main market.
As night falls… its time for lunch