US equities open choppy, if mostly leaning on the weaker side. VIX is churning around the key 20 threshold. US 10yr yield printed a new cycle high of 4.629%.
sp’60min
VIX’60min
Summary
VIX daily momo has turned positive.
SPX daily momo prone to turning negative on Friday.
Net bearish into next Tuesday.
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notable stock: GOOGL
Prone to cooling back.
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notable weakness: UNH
Ongoing multiple concerns. Its kinda amusing how some don’t recognise this one is set for the Dow kick.
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notable car: TSLA
Natural target is red gap with the 200dma… as daily momo is weakening.
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notable energy: ENPH
A new multi-year low.
Reflective of the solar stocks… getting the smack down, on Trump’s ‘Big beautiful bill’, which is removing many (all?) of the green energy subsidies*
*yes, there is no such thing as ‘green energy’, and anyone touting anti-carbon policies is to be seen as an anti-humanity psychopath.