VIX'daily3
Summary
The broader upward trends are holding, especially clear on the Trans/R2K.
Anyone still think the 1700s are viable? I just can't see it. VIX says.... NO !
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Notable strength (of which there is a lot today): TSLA, +8%, DRYs +3.8%, RIG 1.9%, STX 2.9%
TSLA, daily
*I'm really not sure what to make of TSLA, it remains a bizarre momo stock..and earnings will be fascinating to see. Regardless, any daily closes >170..and market will be gunning for new highs.
1.34pm.. TSLA +10.9%....crazy. A rough day for anyone shorting that nonsense.
Main market looks okay. Vulnerable to a small wave lower in the next hour..but 1830 would be a natural level to hold.
Daily cycles turning upward...upside into next week.