US equities are broadly higher, with the SPX pushing for the 4600s. Nat’ gas and the metals remain weak.
sp’60min
VIX’60min
Summary
Little to add.
Good luck to anyone buying this… RSI 81s, with five downside gaps.
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notable stock: AMD
AMD has earnings in AH… and we’re seeing some speculative buyers. Options market is expecting a move of +/- of 6%. I’m m/t bullish, but the market is s/t vulnerable.
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notable Dow component: INTC
Ugly… real ugly, as Intel is trading inverse to AMD. BMO 60>52 isn’t helping.
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notable strength: NVDA
I see no news, for what is simply short/mid/long term bullish. Superb products. FPE is around 50… which sure isn’t cheap.
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notable miner: UEC
Uranium stocks are far more unstable than even the copper/silver/gold ones. S/t overstretched. I’d consider it in the mid $3s.
yours… time for a light lunch