US equities are battling to hold moderate gains. The s/t cyclical setup still offers a cooling wave ahead of Friday's OPEX.
sp'60min
VIX'60min
Summary
S/t momentum is subtly ticking lower, and will be prone to turn negative into the close/early Friday. Again though, OPEX itself will lean to broad chop... so the bears are going to be fighting against inherent chop.
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notable stock: CRSR
Corsair catching further s/t speculative interest.
Whilst I like Corsair, for headsets... Sennheiser.
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notable weakness: INTC
Intel is really struggling, especially relative to the main market.
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notable strength: VALE
A weaker dollar... higher commodities, and its supportive to a very positive 2021 for VALE.
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notable strength: TSLA
Tesla pushing for a new hist' high, which is impressive as momentum actually turned negative this morning.
Time to check on the cheerleaders...
