12pm update – cheerleader time

US equities are choppy, but still distinctly leaning on the positive side. SPX s/t momentum is still due to turn positive. WTIC printed $70.61, as talk of the key $77.00 threshold can justly increase!

sp’60min

VIX’60min

Summary

Little to add, as we appear set for net daily gains of some degree.


notable stock: NFLX

A new hist’ high…. as the computer’s PF target of $692s looks on track. Teranova of CNBC has a right to be smiling today.

notable energy: SLB

I’m not sure why Schlumberger is so laggy to the sector today. Regardless… its still sig’ higher.

notable stock: TRIP

Still a series of lower highs and lower lows. Things turn decisive >psy’ $40. I’d accept the bold could be buying, with a tight stop.

notable steel: CLF

Cleveland pushing upward, after yesterday’s bounce from around the 50dma.

Its cheerleader time, and Pete is in the house, so mute button OFF!