US equities are choppy, if set for moderate gains. WTIC $72.54. Gold $2938. Copper $4.71
sp’60min
VIX’60min
Summary
New intraday high of 6073, if fractionally cooling back.
The s/t cyclical setup favours the bears.
Target of 5905 dropped if >6100.
… I’m guessing we do print around 5900, and I continue to hold an empty shopping cart.
—
notable stock: AAPL
Due to settle with a black candle… or outright red.
–
notable weakness: TSLA
Choppy, if set for sig’ declines.
–
notable semicon: INTC
My only s/t concern… if the main market cools to SPX 5900
I hold for the $25s. News of a new CEO would help!
–
notable steel: CLF
… as tariffs are good for business, at least in terms of s/t sentiment.
On a l/t basis… protectionalism isn’t good at all.
back at the close…