US equities are choppy… as the market is increasingly s/t overbought. VIX has recovered to the 17s. If sp’4700… VIX 19/20s.
sp’60min
VIX’60min
Summary
*I’ve lightened up (dropped 40% of RIG)… just twitchy about the main market… and if oil cools back.
On balance… I’m still looking for some cooling to 4700. We’ve some jobs data to come this week, and I’m starting to wonder if ‘good news will be seen as bad news’… or perhaps just plain ‘bad news’.
In either case, I ain’t buying anything at this time/price. There is a ‘comfortable’ time to buy… and this ain’t it.
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notable stock: F
A case of shorts running for their lives, and bullish chasers. The break >$23.15 is massively significant, and offers psy’$30.
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notable bond ETF: TLT
Bonds lower… as yields rise.
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notable fin: BAC
Banks flying… helped with the mainstream increasingly bullish yields/rates.
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notable steel: X
Early shaky price action… but its built sig’ gains. I will NOT chase this.
Time to cook… before I keel over.