US equities are choppy, inclined for some cooling into the close.
sp’60min
VIX’60min
Summary
Structure is an ABC bear flag, with a provisional high of 5923, having stalled from within Friday’s gap. The daily charts are net bearish.
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notable stock: MRNA
Anyone buying into yesterday’s bounce is already underwater.
The $37s, and that is without any major lawsuits, and before RFK Jr begins his assault on big pharma.
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notable semicon: NVDA
S/t buyers ahead of earnings, Wed’ AH
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notable strength: WMT
New hist’ high, as earnings were unquestionably good.
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notable retail: TGT
Target has earnings early Wed’. I wonder what kind of outlook they will have for Christmas.
back at the close…