Stocks rode NVDA’s coattails back into their rising channels yesterday, right back to the top of already overstretched chart patterns.

continued for members…

All that remains is for VIX’s RSI to break down below the two TLs that have been providing support. Currencies continue to be constructive for stocks – with EURUSD staving off a downturn for yet another day. Though DXY should bounce off its SMA200, it hasn’t yet.Oil and gas are still pretty quiet, leaving TNX below its SMA200 for the 8th day in a row.