11am update – the chop continues

US equities are choppy, if still leaning upward. The SPX has broken a new (if fractional) historic high of 4808, making it a net bullish day. WTIC has printed $77.44.

sp’60min

VIX’60min

Summary

So… minor gains. Whilst s/t momentum threatens to turn positive this afternoon, I’m inclined to see latter day cooling, as based on the overbought daily cycles. I’m somewhat biased, as I’ve an empty shopping cart, and I want lower prices!

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notable stock: CFVI

I hold (from $11.44). I’d like to add, but not with the current main market setup.
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notable communist stock: BABA

A powerful gain… but it remains m/t horror. I’d favour TGT and HD, not least for ethical reasons.
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notable strength: DKNG

Draftkings catching a bid. We don’t have a definitive floor… yet.
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notable miner: GOLD

Its kinda interesting, but really… there are many aspects of resistance all the way to the $22s. I hold.