US equities are choppy, still holding moderate gains. VIX 25s are reflective of a comfortable mainstream.. ahead of the weekend. The cooler dollar is certainly helping, especially gold/silver.
sp’60min
VIX’60min
Summary
VIX is now on the very low side of the range, but there is ZERO sign of a s/t floor/turn. Unless some sporadic news appears…. we could expect to settle around current levels.
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notable stock: AMD
The dip buyers are not getting involved. Partly due to s/t over-stretched… along with the main market.
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notable weakness: AMGN
A trio of downgrades, and still struggling after yesterday’s adverse drug study results.
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notable stock: IBM
Yesterday’s candle was spiky, and we’re seeing some selling.
IBM deserves to be kicked out of the Dow, as the company has resorted to calving itself into pieces. Replace with Nvidia?