1pm update - sleepy Friday

US equities remain subdued, a touch of weak chop, but the underlying upside is no doubt still there. Despite a few negative indexes, VIX is already in melt mode, fractionally lower in the mid 12s. Notable strength in AMZN.


sp'60min

Summary

Little to add... on what is a pretty quiet day.

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Notable strength in AMZN, +4% or so...

I guess buying all those new computer parts is starting to feed through?

A daily close above the key 200 day MA looks likely early next week.. which will open up $370 by end July. I suppose if earnings come in better than expected, next key level is $380.
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back at 3pm