US equities remain in minor chop mode, if still leaning upward. VIX 12s is offering the equity bears nothing, and will be prone to being ground to the 11s into the long weekend. USD is -0.2% at 100.47.
sp’60min
VIX’60min
Summary
Tedious is one word, and anyone normal will have turned off their screen, and will return next Tuesday.
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notable gold ETF: GLD, 60min
Still stair stepping upward.
Difficult to find an acceptable entry.
The cautious will not take a new trade ahead of a long weekend.
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notable weakness: INTC
Just a little cooling from a new high, as yesterday’s black candle played out.
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notable car: TSLA
It didn’t take much for Tesla to turn red.
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notable miner: NEM
Miners struggling. I hold a block, might add if orange gap.
Broader target remain the $48s, which is still far below the April 2022 $80s.
As night falls, time for lunch…