US equity indexes are due to settle mixed, with a broadly positive SPX, Dow, and Nasdaq, whilst the Trans/R2K are leaning weak. The latter bode net bearish for the main market on Thursday. Natgas has climbed to $3.98.
sp’60min
VIX’60min
Summary
Bulls can argue s/t structure is a baby bull flag, offering the 6140/50s.
Regardless of the exact close, with a new hist’ high of 6100, its to be seen a day for the bulls. VIX 15/14s is reflective of a very confident market.
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notable stock: NFLX
Yes, its due to settle well below the opening new hist’ high of $999.00, but earnings were good, and the stock is short/mid/long term bullish.
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notable laggard: AAPL
Trying to build a floor from just above the 200dma.
Cyclically… VERY low.
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notable car: TSLA
Mild concerns about Tariffs, and removed EV mandates.
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notable stock: SMR
A sporadic drop of -10% to the mid/low $22s, and I’d be a willing buyer.
back at the close…