US equities are set for broad gains, with VIX having been ground into the 16s. USD is +0.4% at 107.01… few notice or care… but they should.
sp’60min
VIX’60min
Summary
Yes, I’ve adjusted the upper side of the bearish pennant a few times, but the structure IS still valid. The size of the pennant would be supportive of a fall to around 5700. That wouldn’t merit any hysteria, but it’d really annoy those buying into today.
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notable stock: NVDA
New hist’ high… but today’s gain will have disappointed many, not least the lunatics of Wallstreetbets, some of whom were hoping for >$170.
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notable weakness: GOOGL
A pretty ugly day, as it appears Alphabet will be forced to spin off its Chrome browser.
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notable strength: SNOW
The market really liked earnings and positive guidance.
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notable car: TSLA
Tesla is pretty stuck… as daily momo continues to weaken.
back at the close…