US equities remain in micro chop mode, still leaning on the positive side. VIX 15s remain reflective of a very calm mainstream. An extra knock lower, for a weekly settlement in the 14s is probable. USD is -0.6% at 92.47s, which has especially helped gold/silver.
sp’60min
VIX’60min
Summary
Well, regardless of the exact close, with a new historic high, its been a bullish day and week. There is little reason to expect much different next week. All the equity bulls are missing is WTIC >$77.00 and the IWM >233s.
—
notable stock: NVDA
Price structure is somewhat similar to AAPL… with a large bullish pennant. Its difficult not to expect an upward break, for what is tier’1 tech-hardware.
–
notable energy: OXY
Rough end to the week for Occidental… for no apparent reason. I hold from $25.65… which isn’t far down. Seeking the 50dma in the $28s, within 1-2 weeks.
–
notable strength: AMD
AMD ending the week on a positive note, if still net weekly declines.
–
notable Steel: X
US Steel powering upward. M/t bullish 37/38s. I still don’t own… and I should!
Time for a brief venture out side, back at the close…