US equities remain minor chop mode.
sp’60min
VIX’60min
Summary
The minor chop continues.
The only issue is CPI.
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notable stock: CAT
Evercore, outperform, 1103>1045
The daily candle looks prone to settling black. Bearish into Wed’
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notable commodity: silver
Arguably… s/t retrace.
Clearly, if the CPI comes in hot tomorrow, silver will get whacked.
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notable strength: HD
S/t bullish, if still m/t bearish, as retail is clearly struggling with a broken consumer.
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notable stock: SPCX
Just cooling back.
Bearish engulfing candle.