US equities remain strong, set for significant net daily gains. VIX is churning the 20s, and it still seems just a matter of when the key 20 threshold is breached. The USD continues to depreciate, -0.6% in the DXY 91.25s.
sp’60min
VIX’60min
Summary
Suffice to add, clearly a very bullish day and start to the month. The bulls are only lacking a VIX <20, and higher WTIC.
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notable stock: CRM
Salesforce has earnings in AH, which should be fine. Its expected the company will formally announce a bid/deal to buy Slack Tech’ (WORK).
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notable strength, CRSR
Corsair climbing with the main market. Baird 30>41
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notable stock: ZM
Rough day for Zoom. A ‘sell the news’ event, and partly also an inverse ‘stay at home’ stock issue.
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notable stock: MRNA
A new historic high, but swinging powerfully lower… for what is s/t bullish exhaustion. Bearish engulfing candle… bodes problematic for Wednesday.
back at the close…