US equities are choppy, with indexes struggling to stay positive. A tag of orange gap to sp’5038 appears just within range before February settles. VIX is churning the mid 13s. WTIC printed $79.10.
sp’60min
VIX’60min
Summary
Well, its a Thursday, which inherently favours the bears.
I’ll hope for a tag of orange gap this afternoon, and then the market will be more free to resume ‘normal service’… all the way into Easter.
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notable stock: AMD
They are still chasing AMD, as psy’ $200 might even be printed next week.
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notable weakness: CC
There are a few buyers out there – reflected in the currently spiky hollow red reversal candle, but the scandal will likely drag into next week. Chemours is not profitable, and have an issue with that, regardless of whatever the CEO and CFO might have done.
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notable car: TSLA
It’d seem the market makers would like to pin this one around $200 for tomorrow’s weekly OPEX.
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notable miner: FCX
Higher with copper $3.86. The monthly copper candle is rather spiky on the lower side, and is inclined to suggest a test of psy’ $4.00 in March.