US equities are in minor chop mode, with indexes holding opening reversals. VIX has already melted back into the 23s, as the mainstream aren’t concerned about much of anything.
sp’60min
VIX’60min
Summary
So, an opening reversal, and it appears set to hold. From here.. expect considerable chop, if leaning on the upward side. The only issue is where the market makers might like to see the SPX/SPY pinned for OPEX.
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notable bond ETF: TLT
Yields lower for the 5th day of 7. Hmm….
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notable financial: BAC
Lower for a third day. Bulls need to clear the June high… which remains the case in many of the harder hit stocks. JPM has already done this… and it does look like BAC will follow.
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notable strength: TGT
Target breaking a new hist’ high, after a wheel barrow of upgrades.
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notable mining ETF: GDX, 60min
An opening reversal. Things would turn interesting back above the hourly 10MA. I resolutely hold.
time to cook…