US equities are naturally choppy. VIX is churning the 22/21s… poised for the 26s within 1-2 days. GBPUSD is in the 1.20s… which is not sustainable.
sp’60min
VIX’60min
Summary
Well, a bear flag would be ideal, and set up a bearish end to the month.
Soft target is 3906, and then the 3850s
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notable stock: AMD
Bears are going to need to this one resume lower.
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notable weakness: AMZN
Its not going to take much to break under the $85s before year end.
*yours truly received a power pack Saturday morning, so I’ve done my part for Q4 earnings.
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notable Eurotrash: CS
Seriously… whilst few. if any of you would ever trade/invest in it… Credit Suisse merits attention, as its a systemic risk to the European and arguably global system.
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notable miner: FCX
Bouncing, with copper $3.56. A tier’1 quality miner, but I can’t be buying back whilst the main market is m/t bearish. Target on copper remain the mid/low $2s by mid 2023.
As night falls… its time for a much needed lunch.