US equities open a little choppy, if leaning on the upward side. WTIC has printed $77.03.
sp’60min
VIX’60min
Summary
We’ve threat of a marginal micro double top of 4807/06. Bulls should be at least a little twitchy, for what is a Thursday. Yours truly is sitting back with a shopping cart… no reason to be getting involved today. Maybe we’ll see a washout tomorrow.
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notable stock: MU
Micron Tech’ warning that the Chinese lockdowns are going to add delays. Indeed, the Chicoms are pushing hard again, with added ‘public shaming’… which the failed NAZI states of Germany/Austria are also doing to children in schools.
I still like MU for the mid/long term… but I don’t own.
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notable weakness: TSLA
Whilst Citi did issue another dumb ‘sell’ on Tesla, this morning’s weakness is arguably due to recall news… and just s/t cooling.
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notable steel: X
Catching a bid… but broadly, its a mess. I’d like to see the $25s
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notable miner: FCX
Freeport bouncing… as yesterday’s reversal candle played out. I can’t… and will NOT chase this.