US equities begin Christmas week on a positive note, although the gains are somewhat shaky.
sp’60min
VIX’60min
Summary
Who would short this, not least ahead of Christmas ?
Anyone normal will simply turn off their screen.
For the few remaining… we remain s/t cyclically high, and due one cooling wave between now and Wed’ 1pm.
–
notable semicon: MU
New hist’ high.
–
notable space: RKLB
New hist’ high. Soaring toward the proverbial moon.
With a SpaceX IPO (likely Sept’2026), I’m guessing this will be >$200
—
notable silver ETF: SLV, 15min
I could have gone long last Friday, but no… I’m overly cautious.
Instead, now I have to wait for a cooling wave.
—
notable miner: NEM
New hist’ high. Bullish 125/130, with Gold >4500