US equities remain in minor chop mode, if leaning on the weaker side. USD is -0.3% at 95.71… which is helping prop most things up.
sp’60min
VIX’60min
Summary
Certainly… it doesn’t even rate as moderate, but at least we have slightly more dynamic price action than yesterday. Hopefully, we’ll see a late day washout, although even the 4730s look a stretch. The more cautious will be waiting until around 4700.
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notable stock: TWTR
Its been a difficult year for Twitter… set to end on a weak note. 2022 threatens major problems, not least via Trump’s Truth Social. Whilst that platform will likely be as much a train wreck and cesspool as Twitter, the point stands… tens of millions are likely waiting to switch.
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notable horror: PTON
Yesterday saw a bounce… but normal service has resumed. A more natural floor is the 31/psy’30 zone.
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notable energy: SLB
Schlumberger is struggling. I lightened up yesterday, and would like to re-add if sp’4700. Absolutely m/t bullish, with a grand target of the $54s.
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notable stock: CFVI
I hold (from $11.44), would add if sp’4700s.
Time for a light lunch…