US equities continue to battle upward… with the SPX pushing into the 4400s. VIX has also pushed upward, as the algos recognise the longer this goes on, the bigger the risk of a break lower.
sp’60min
VIX’60min
Summary
S/t equity momentum has turned positive. Its impressive, not least for a Thursday after the Fed. With quadruple OPEX tomorrow, I’d look for a pin around 4400.
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notable Dow component: MSFT
Microsoft is pushing for the Nov’2021 high of $344.80.
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notable weakness: WBD
Warner closing its Danish production unit.
Sounds a minor issue, but the stock is getting hit hard.
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notable strength: BUD
Despite news its lost the number’1 spot as America’s beer, the stock is seeing some buyers.
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notable miner: GOLD
Barrick lower for the ninth day of ten… not helped with gold/silver.