US equities are battling to hold moderate gains. VIX is churning the mid 13s. WTIC $74.00. Gold $2058… a little cooling from $2071.
sp’60min
VIX’60min
Summary
Arguably, its just a cooling wave from 4721, as yesterday’s low of 4687 looks pretty secure. Daily momentum will be prone to offering a floor/turn next Mon/Tuesday, which will then offer multi-day upside into the long weekend of Jan’13>15
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notable car: TSLA
Tesla trying to floor from around the 50dma.
The more resilient bulls could continue to seek teal gap.
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notable semicon: INTC
Thursday’s hollow red reversal candle played out.
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notable gold ETF: GLD
Gold cooling back to $2057, if still well above the early low of $2030.
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notable miner: GOLD
Miners cooling back with gold, if still net higher. Grander upside target remain the mid/upper $19s, as look viable in February.