US equities open in minor chop mode. Powell is due, and he will be actively trying to placate Mr Market. Copper has printed $4.23.
sp’60min
VIX’60min
Summary
Opening minor chop.. ahead of Powell. When I find a live link on Youtube, I’ll post it. We have to expect considerable chop, but frankly… last Friday’s low looks pretty damn secure.
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notable stock: OXY
I have to see all cooling waves as such. M/t bullish. I hold!
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notable WSB stock: GME
Gamestop has raised a rather considerable $1.13bn via a secondary offering. Its impressive. I’m not aware of what the cash might be used for. Debt reduction?
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notable retail: TGT
Target set to break new historic highs… as the US consumer is increasingly active in box stores.
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notable miner: FCX
Freeport seeing some early chop. Day’2… UP. I hold.