US equities are holding significant gains, lead by the Nasdaq. USD is helping, currently -0.6% at 109.03. More broadly, the 120s remain on the menu.
sp’60min
VIX’60min
Summary
Little to add. S/t cyclically over-stretched… but 4100 appears realistic next Mon/early Tues’.
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notable Dow component: AAPL
Day’1 up… and I’d note the 200dma at $160.
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notable weakness: SPCE
Bernstein ‘underperform to the $4s’. I’d argue $0.00, for a company that has no effective operating business.
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notable health: PFE
Pushing for teal gap.
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notable builder: LEN
Reflective of the main market. Note the recent hit of the 200dma, which should hold as resistance into year end.
Its cheerleader time, and Jon Najarian has been released from CNBC Jail…