US equities are choppy, if cooling back from early highs. Gold printed $2008, partly helped via the USD -0.3% at 101.90.
sp’60min
VIX’60min
Summary
S/t momentum is due to turn negative this afternoon, and if it does, it should ensure net daily declines of some degree. A close <4100 would be something for the bears, after last Friday’s extreme case of window dressing.
Again, I’d look to the lower hourly bollinger, which is a valid target before Easter.
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notable stock: TSLA
Its turned outright ugly in Tesla.
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notable trans: CCL
Recent earnings were horrific, and that was without a recession.
The stock/sector is to be seen as toxic.
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notable semicon: MU
Lower with the sector, as Micron just can’t clear the $65s. M/t bearish $36s
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notable miner: LAC
No news I’m aware of. The problem will be the main market into the summer.