US equities are choppy, which can be expected to continue into the afternoon. USD is -0.7% at 105.99.
sp’60min
VIX’60min
Summary
Little to add, as we should expect further chop.
Its not OPEX, but maybe a weekly close around psy’4K
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notable energy: OXY
I’m open to a burst >64.00, which would offer 69/70, but that looks increasingly difficult ahead of the Fed/GDP.
IN 56.23… OUT 62.67. I’ll consider buying back next Thurs/Friday… or August 1/2, ahead of earnings Aug’2nd AH.
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notable semicon: NVDA
Earnings from Seagate have seen tech-hardware stocks hit pretty hard.
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notable steel: CLF
Earnings were broadly ‘fine’, but the stock continues to struggle.
If sp’4200/300s, maybe 24/26 zone.
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notable miner: GOLD
Barrick higher with Gold printing the $1738s… the latter helped by the weaker dollar. At best 20/21 late Aug’/early Sept’.
Time for lunch… and a movie.