US equities are a little choppy, if leaning on the upward side. With the jobs data out of the way, the VIX has already been ground to the mid 13s. WTIC has spiked to $73.92.
sp’60min
VIX’60min
Summary
Net monthly jobs: 216K, with a headline jobless rate: 3.7%
Mr Market initially used that as ‘moderately good news is bad news’, if broadly recovering to marginal gains.
The s/t cyclical setup favours the bulls into the weekend.
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notable bond yield proxy: TNX, 60min
The US 10yr printed 4.099%, but is cooling back.
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notable stock: NFLX
WSJ chatter that Netflix will be venturing into streaming games. It’d be a very cheap type of content, and there IS a significant audience for it.
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notable gold ETF: GLD
Gold printed $2030 on the jobs data, but has already clawed back to $2050. A daily close >$2060 would be… useful.
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notable miner: GOLD
The Wed’ & Thurs’ daily candles are both spiky on the lower side, suggestive of a s/t floor. A positive daily close would also be… useful.
Time to venture out, if briefly.