US equities remain moderately higher, and regardless of the exact close, with a new hist’ high of sp’3693, its been a very bullish end to the week. VIX 20s are reflective of a very comfortable mainstream.
sp’60min
VIX’60min
Summary
Suffice to add…. net daily gains of some degree are due, even if we see a little cooling like yesterday.
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notable Dow component: BA
As I sometimes say… it can’t go up every day! What matters is yesterday’s decisive break above the June high. Next target remain the $280s.
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notable strength: MU
A powerful day for Micron, breaking yet another new multi-decade high. Yesterday’s black candle (surprisingly) failed to play out.
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notable energy: SLB
Schlumberger continuing to power upward. The June high of $23.44 has just been passed, and now onward to 28/29s.
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notable Dow component: CAT
Caterpillar breaking a new hist’ high, and broadly reflective of the Dow & main market.
back at the close…