US equities remain moderately mixed, stuck in micro chop mode, as some sellers are understandably appearing as indexes are close to their respective 200dmas. VIX remains relatively subdued, +3% in the mid 17s. Metals are battling to hold moderate gains, Gold +$6.
Not the underlying MACD (blue bar histogram)... positive cycle for the first time since late December.
Equity bears really need to halt that increase by late next week.
notable weakness, CREE, daily
... downgraded by some barely heard of group. If sp'1600s, CREE will hit $20.. if not the mid teens.