US equities open on a weak note, clearly not helped by other world markets. WTIC $95s. Gold $1900. USD +0.4% at 101.64… any price action in the 104s would merit monstrous attention.
sp’60min
VIX’60min
Summary
S/t equity momentum is on the extremely low side.
With each hour… threat of a massive bounce increases.
First opp’ for a turn… 11am.
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notable stock: CLF
Last Friday’s bearish engulfing candle played out. We’ve a reversal underway, and I’d not be surprised to see this settle net positive.
B Riley maintain BUY, 46>47… the problem is the main market.
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notable stock: TWTR
Genuine hope that Twitter is set to announce its agreed a takeover deal with Musk.
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notable strength: AMD
Raymond James, outperform>strong buy, $160.
Considering the main market… no, this still looks highly prone to psy’ $50 within June/July.
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notable miner: GOLD
Barrick whacked lower with the sector, not helped with gold $1891.