US equities open on a positive note, with the SPX back above the hourly 10MA. S/t momentum will be prone to turning positive before the close, and offers upside into Thursday.
sp’60min
VIX’60min
Summary
Suffice to add… a natural up wave is underway, with cyclical potential into early Thursday.
–
notable stock: AMD
AMD is set to work with IBM on AI, although yes, its arguable this will do nothing for short, or even m/t EPS/Rev’.
–
notable car maker: GM
GM saw UOA yesterday (March $55 CALLS), and those are a long way up.
—
notable strength: CRSR
Corsair breaking a new high, helped by Wedbush 30>34.
—
notable mining ETF: GDX, 60min
Miners pressured by gold/silver, themselves pressured by the stronger dollar. The lower end of teal gap might still be tagged before the weekend.