US equities are seeing some cooling, with the R2K and Trans already turning red. VIX is distinctly twitchy, having spiked from the 15s to the 18s… but then imploding to the 16s.
sp’60min
VIX’60min
Summary
… … the following is… bizarre…
I don’t know what to make of it.
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notable stock: SNDK
Momentum has turned positive.
Earnings due in AH will be excellent.
Basic upside target is the 50dma… $1700s
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notable fin: BAC
New hist’ high. Daily momentum due to turn positive.
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notable strength: AMGN
New hist’ high on good earnings
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notable miner: FCX
Copper printed a new hist’ high of $6.66… although Freeport isn’t matching, and is broadly stuck.