US equities have built significant gains. VIX is battling to hold above the key 20 threshold. Gold $1987s, a weekly close >$2K would merit attention.
sp’60min
VIX’60min
Summary
For the bears… its an increasingly frustrating Thursday, but 11am should offer some cooling into the mid afternoon.
*I’ve a mild concern we’ll keep pushing to 4050/60.
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Some perspective… SPX daily5
After yesterday’s powerful bearish engulfing candle, it would be unusual if we didn’t turn red today. As things are, they now looks out of range, and I’d be content with a black candle… which would bode problematic for Friday.
notable Dow component: AAPL
Yesterday saw a major reversal from legacy green gap.
Today… just bouncing with the main market.
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notable big tech: MSFT
Similar to Apple… its bouncing, but stuck around key resistance.
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notable miner: UEC
Kerrisale (I’ve never heard of them) announced they are short.
Time for an early lunch…