US equities remain a little choppy, if set for gains of some degree. Overall price action is naturally very subdued, ahead of half-day Wednesday. WTIC has cooled to $82.72.
sp’60min
VIX’60min
Summary
Little to add.
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notable stock: TSLA
Today is merely full confirmation of yesterday’s key break above the 200dma. Whilst the delivery data wasn’t great, the stock offers a push to 250/60, and secondary of $280
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notable weakness: NVDA
S/t broken… still m/t bullish.
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notable Dow component: NKE
The threat to anyone short, is a s/t bounce into early/mid August.
More broadly, the $62s look realistic before the election.
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notable meme stock: CHWY
Those buying on Roaring Kitty are struggling.
Time to venture outside, back at the close…