US equities remain a little choppy, if still mostly leaning on the weaker side. VIX is churning the 17s.
sp’60min
VIX’60min
Summary
Suffice to add, we should print the 4730s… if not this late afternoon, then on Monday. I’m still inclined to see 4700, before resuming upward. In the scheme of things… its all noise, within a broader upward trend.
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notable stock: PFE
Pfizer set to end the year on a strong note, helped by news the UK health authority has authorised its not-Ivermectin anti-viral pill. Why buy Quercetin from Amazon.co.uk for $25, when you can go to an NHS Doctor, who will get billed by Pfizer for >$700 ?
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notable shipper: CCL
Shippers still struggling after yesterday’s CDC guidance. I don’t like the sector… with the airlines far less problematic.
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notable energy: XOM
Having bailed yesterday from $61.02, I’d like to re-enter in the $59s. That is something of a vain hope.
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notable stock: MOS
In theory, this should drop at least another 1-2%… not least if sp’4700. I’d like to pick back up in the $37s with the 50dma… but that looks a stretch.
Time to check on the cheerleaders…