US equities are in micro chop mode. VIX 14s… reflective of a very calm mainstream.
sp’60min
VIX’60min
Summary
Little to add.
The s/t cyclical setup favours the bulls.
*on consideration, I’ve picked up a second block of OXY from $49.95.
I hold for 54/55s.
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notable stock: OXY
Lower with the sector and oil. Trying to bounce from the 50dma.
Multi-week structure is a bull flag.
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notable weakness: AXP
Earnings were broadly good…
EPS $3.04 inline. Rev’ y/y +8.7% to $17.17bn vs 17.15est. Divi 70>80cents
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notable trans: UAL
Cowen, buy, 142>165
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notable space: PL
Cantor Fitzgerald, overweight, $6.30
I could see $10 by mid year.
The bold will NOT be chasing at this time/price.