US equity indexes remain choppy, if increasingly leaning on the upward side. Nasdaq is pushing to build significant gains, as new hist’ highs appear due… if far more viable after quad-opex. USD is +0.6% in the 91.74s, and remains a distinct pressure on commodities.
sp’60min
VIX’60min
Summary
For a Thursday… the market is holding together very well. Even the doomers at Zerohedge recognise sp’4200 is pretty important support.
Yours truly remains effectively maxed out from yesterday, in a broad array of 15 stock positions. Miners aren’t pretty… but AMD is looking good, as psy’ $100 remains long…. so long overdue!
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notable bond ETF: TLT
Bonds higher as yields cool back. Multi-month price structure remains a valid bear flag.
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notable fin: BAC
S/t weak, but m/t bullish with higher yields/rates to psy’ $50.
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notable strength: NVDA
Jefferies maintain buy, 740>854…. and I can agree with that.
4 for 1 stock split due July 20th.
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notable miner: FCX
Freeport struggling with copper printing $4.24. I added yesterday, not adding anything more! Cyclically… crazy low, but no sign of a floor/turn.
Time for a light lunch