US equities are choppy, if still leaning to the upward side. VIX has been ground into the 15s, reflective of a very calm mainstream ahead of the long weekend. WTIC printed $70.44.
sp’60min
VIX’60min
Summary
S/t momentum is set to turn positive, which should hold the market up into the mid afternoon. Frankly… its all very impressive, but more so… attention to the R2K… which is set for a bullish breakout, next week… or the week after. Monstrous bullish implications… and its kinda amusing how few particularly care.
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notable commodity stock: AA
Alcoa powering toward psy’ $50. Impressive.
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notable uranium: CCJ
Pete’s UOA (last Friday) in Cameco continues to play out. However, I’m leaving it well alone.
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notable weakness: MU
No news. Yesterday’s black candle played out.
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notable miner: CEIX
Who said coal was obsolete? Consol Energy breaks a new multi-year high.
time for a light lunch…