Intermediate range for AAPL is 208.26/155.25. Near- and intermediate-term trends strength is bullish with increasing volume support. 1D and 1W z-score is 3.47 and 2.5, respectively.
Intermediate range for NVDA is 129.83/65.82. The intermediate trend strength is strongly bullish, but the near-term trend strength is waning on declining volume. 1D and 1W z-score is 1.17 and 2.12.
Intermediate range for WTI oil is 87.42/70.89. Trend strength is weak but improving. API reported positive news with stockpile declines across crude, gas and distillate.
If we look at the VIX relationship with Fed policy expectations, we see that market participants cannot figure out how to price policy trends as it merely reacts to each and every data print, seemingly differently. Policy expectations got the “feels.”
Check out “Sell Vol In May And Go Away?” as the recent bullish run begain.
