Wednesday, 7 June 2023

11am update - morning chop

US equities remain choppy, if mostly leaning a little lower. VIX has clawed into the 14s.

sp'60min

VIX'60min

Summary

We've a micro double top from 4299.
... but s/t momentum remains prone to turning positive before the close, offering the 4300s tomorrow. 

notable stock: AMZN

Piper Sandler, overweight, 130>150... but the stock is struggling.

notable banking ETF: KRE


Regional banks powering upward, with T-Sec' Yellen earlier touting she expects more 'consolidation', aka... failures, with the scraps bought up by JPM et al.
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notable energy: OXY

Occidental is higher with the sector, helped with oil $72s
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notable weakness: TGT


Truist 'hold', 157>137... which is still overly optimistic.
-
Time for lunch... before I find my server admin', and bury them.