US equities remain in minor chop mode, with most indexes fractionally higher. USD is +0.1% at 100.73, which isn’t helping Gold.
sp’60min
VIX’60min
Summary
The micro chop is increasingly painfully tedious.
I don’t even have a bottle of Chardonnay on ’emergency standby’.
Tea and biscuits will have to suffice.
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notable gold ETF: GLD, 60min
Choppy, if leaning a little weak, with hourly momentum turning negative. Chatter from the ‘kooks’ is curious to read, but this market appears set for churn into year end.
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notable Dow component: BA
Boeing just cooling back, after one of the most insane multi-month ascents I’ve ever seen in a Dow component. Today’s break of the 10MA is significant, and the cautious will have been stopped out.
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notable strength: PENN
S/t hysteria on news some hedge fund might get a director or two appointed.
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notable miner: GOLD
Miners increasingly weak.
The more cautious will merely look to buy on the flip side of New Years Eve.