US equities are building significant gains, with another attempt to break and hold above the sp'2100 threshold. VIX is naturally crushed lower into the mid 12s. With the USD +0.1% in the DXY 97.70s, commodities are mixed.. Gold +$3, whilst Oil remains weak, -0.4%.
Last week was all about repeated rally fails.
This week is simply a case of whether the market can break >2114.
Considering the bigger weekly/monthly cycles.. new highs look very unlikely.
Obvious short-side trades remain AAPL and DIS, having seen extremely decisive trend breaks.
Arguably back testing the old (broken) floor... whilst price structure is a bear flag. Bears should be seeking no daily closes in the $120s. AAPL is certainly a stock to watch.. as an indicator for the broader market direction.
notable weakness: TSLA -1.3%.. as talk continues that every car sale is a loss making sale.
QCOM -0.4%.. nothing significant, but it does standout from most stocks this morning.