US equities are significantly lower, but its nothing that merits any bearish hysteria. Bears need to break under s/t rising trend… currently around 4170. WTIC $110s. Gold $1996.
sp’60min
VIX’60min
Summary
*I’ve exited AG and KGC. The micro 5/15min cycles were on the high side. That leaves me with ZERO positions, and its been a long… long time since that. A year I think. I have ‘my reasons’, and it does NOT mean I’m not m/t bullish the miners.
Whilst we’re net lower, there isn’t any panic. Unless trend breaks… I’m guessing we push for the mid 4400s. That’d wash out ALL of the weaker bears… and draw in the more unfortunate of bullish chasers.
Yes… I expect the Fed to raise 25bps next Wed’. Considering CPI, they should be hiking 50bps EVERY meeting, but higher energy prices are going to crush the consumer/economy, and be a massive deflationary pressure later this year.
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notable stock: AMZN
The 20 for 1 stock split occurs June 6th. By then… maybe WTIC will be trading above AMZN (140/150s?).
yours… awaiting a box (a Micron 4TB SSD for my new laptop)
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notable energy: HAL
Halliburton is fairing well to the main market, but also the sector today.
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notable steel: CLF
Resilient to the main market. M/t bullish 39/40.
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notable miner: AG
Earnings were… mediocre. The outlook can be seen as positive, as silver should push into the $30s this spring/early summer. I sold… but for personal reasons. Will look to buy back in April.
time for a much needed lunch…