US equities are moderately higher, which is more than enough to generate new hist’ highs for the SPX and Nasdaq comp’, making it a day/week for the equity bulls. VIX remains subdued… prone to being ground into the 11s.
sp’60min
VIX’60min
Summary
Regardless of the close… new hist’ highs are another reminder of the m/t trend.
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notable stock: TSLA
Tesla is making a serious push for the 200dma.
I don’t expect a decisive close >207 today, but next week… maybe.
Its turning m/t bullish for 250/260 by mid August.
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notable semicon: NVDA
Higher with the main market.
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notable Dow component: NKE
Smashed lower. Next support… $62s, as seems due before the election.
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notable horror: CHWY
Those chasing Chewy higher on the Roaring Kitty dog picture yesterday afternoon, are already some down by -25/30%
time to cook.