US equities are naturally choppy, but remain very significantly higher, set to churn into mid/late afternoon. Copper is +3cents at $3.07, helped by the cooler dollar.
sp’60min
VIX’60min
Summary
Little to add. Expect some churn this afternoon. VIX is cyclically low, but unless there is some sporadic ‘spooky news’, there is no reason to expect any drama ahead of the Fed.
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notable stock: TSLA
S/t speculative hysteria continues. With Friday being OPEX, I’d look for the market makers to have this pinned to psy’ $400.
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notable reversal: NKLA
The lunatics have piled back in, after early severe declines. I see this as nothing less than 100% freakshow entertainment. Note the spike from key price threshold. Interesting how that happens, huh?
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notable healthcare ETF: IBB
A very powerful gain, and it’d seem the 50dma will be broken above, offering the 140s.
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notable miner: PAAS
Pan American… leading the sector upward, helped with Silver printing $27.55.
time to check on the cheerleaders…