US equities have seen a little cooling, but regardless of how this afternoon trades, with a new historic high… its been just another day for the bulls.
sp’60min
VIX’60min
Summary
Little to add… for what is positive leaning chop. Again, all thats missing is sub 20 VIX.
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notable shipper: CCL
Carnival pushing for the June $25s. Indeed, the June highs are key for a great many stocks… and they are being systematically cleared.
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notable airline: UAL
United Airlines has CLEARED the June $48s. Next upside resistance is not until… $70. Main market implications.
Seriously, I can’t overstate the above.
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notable weakness: AMD
AMD is just seeing some sporadic cooling.. after yesterday’s new historic high.
Time to check on the cheerleaders… with mute button on standby.