US equities have seen a provisional cyclical rollover, from an early high of 3323. S/t momentum will be prone to turning negative in late afternoon/early Thursday.
sp’60min
VIX’60min
Summary
It’d seem major resistance of 3340/50s won’t even be tested.
re: VIX… so far.. reflecting no concerns.
I see the US President is set to hold a press conf’ around 6pm, but I’d not expect that to be of much importance.
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notable bond ETF: TLT
Yields are a little higher… for now, it remains s/t noise.
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notable financial: AXP
Downgraded by BoA. A laggy Dow component that deserves to get the kick, and replaced by PYPL ?
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notable miner: NEM
Newmont is lower with the sector. I would keep in mind the computer’s PF target of the $55s, which would arguably sync with GDX $33s.
Time to cook… or something…