US equities are choppy, if broadly lower. VIX is churning the 16s, as Mr Market is just cooling back from yesterday’s new hist’ high. WTIC prints $72.92, helped by the USD -0.5% at 106.46.
sp’60min
VIX’60min
Summary
S/t momentum is on the moderately low side, with the market due to build a floor, and settle Friday-OPEX around 6100.
Yours truly is content with two big blocks of OXY and SMR.
I don’t expect to get involved again in CLF or INTC any time soon.
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notable fin: JPM
The fins are getting whacked… and I’m not sure why, other than being s/t overbought (RSI was >70).
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notable stock: GOOGL
Trying to build a floor from orange gap.
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notable resilience: AAPL
Apple is holding up very well to the main market.
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notable steel: CLF
Prone to settling with a black candle or outright red.
I’ve ZERO interest in buying back at this price.