US equities remain very significantly higher. VIX is due to settle in the 18/17s, as the mainstream are very confident into Q2. WTIC prints $69.23.
sp’60min
VIX’60min
Summary
We’re clearly set for sig’ gains, the only issue is whether a daily close < or > the 200dma. I don’t think it matters, and would be more focused on the grander outlook. Net bullish into early April… although yes… that is merely next Tuesday… aka.. ‘liberation day’… aka… ‘tariff day’.
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notable stock: TSLA
Tesla set for rather massive gains.
Yes, partly short covering, but partly ‘bargain buyers’.
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notable Dow component: BA
The 9th daily gain of 10, clearly helped by Friday’s news of the F47 contract.
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notable strength: HD
S/t bullish, but the H/S $330s still look an eventuality.
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notable steel: CLF
A lousy perform’ relative to the main market.