US equities are battling higher, with the SPX having seen a full +1.0% upward swing from the pre-market low. VIX has been ground to the low 13s, prone to settling in the 12s. USD is -0.4% at 101.62, which is helping gold, and most other commodities.
sp’60min
VIX’60min
Summary
*S/t equity momentum has turned positive, with VIX momentum increasingly negative.
The bearish hysteria that some had last night, is being ground out, and should continue into the late afternoon.
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notable energy: SLB
Helped with WTIC printing $74.24, partly on middle east tensions.
It remains a wonder oil isn’t close to psy’$100.
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notable semicon: AMD
The s/t speculative buyers are out there.
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notable strength: GLD
Gold has seen a rather powerful swing from $2030 to $2071.
The $2100s look viable next week with the CPI/PPI data.
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notable miner: NEM
Teal gap almost filled. Daily momentum might turn positive next Wed’or Thurs’ with the CPI data.
As night falls, its time for a much needed lunch