US equities are due to settle 2021. VIX continues to churn the 17s… as the mainstream have few concerns into year end. WTIC printed $74.95, despite the USD -0.4% at 95.58.
sp’60min
VIX’60min
Summary
*fully EXITED CLF…. as I took advantage of the ‘Farmer Jim’ mention on the CNBC lunchtime. I’ll look to buy back within 1-3 days, along with re-adding to X.
Suffice to add… its been a long year… a tough one, but a net positive one. S/t equity price structure offers a baby bear flag, as the 4730s appear due next Monday. Prime target remains around 4700.
Yours truly merely awaits the closing bell.
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notable stock: AMD
A fourth day lower… as momentum is turning negative. Monday looks problematic… but AMD bears need to keep in mind CEO Su will be catching considerable attention Tuesday morning at CES 2022 !
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notable Dow component: AAPL
Apple is just s/t tired. Does anyone doubt the mid $182s in January… which will make for a $3trn market cap’?
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notable strength: F
Ford ending the year strong… a net 2021 gain of around +136%, and that is NOT a typo!
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notable miner: FCX
Freeport seeing moderate chop. In theory… should take another swing lower with the main market next Mon/Tuesday. I’d be a comfortable buyer in the $40s… or preferably $39s!
back at the close…