US equities are messy… with cooling to fill the opening gap, only to bounce, and turning fractionally lower. VIX is mirroring.
sp’60min
VIX’60min
Summary
Anyone normal will indeed be side-stepping this, not least the options traders, who should be concerned the VIX will be ground lower into end month/quarter.
I’m content to do nothing, and look to re-short from secondary gap of the 4370s, or pick up a crash block if Thurs’ or Friday settles under the 200dma.
Right now, the latter doesn’t look likely.
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notable bond yield proxy: TNX, 60min
Yields choppy… currently fractionally lower.
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notable semicon: AMD
Background chatter of a new CPU.
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notable strength: OXY
Occidental powering upward with oil printing the $93s !
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notable miner: GOLD
The sixth day lower of seven, with gold printing $1902, the latter pressured by the stronger dollar.