US equities remain choppy, if starting to lean upward. Energy is mixed, with Natgas $2.85, but WTIC cooling to $72.18.
sp’60min
VIX’60min
Summary
The s/t cyclical setup favours the bulls into the afternoon, and I’m guessing carrying across into early Friday with the BLS jobs data.
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notable stock: AMZN
We’ve a clear bounce from the 50dma.
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notable weakness: DIS
No news I’m aware of.
Background chatter is of outraged fans, with news of a man-hating Pakistani being appointed to produce Star Wars content. How many hundreds of millions will that movie lose?
It should be clear, the woke mouse has learned NOTHING.
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notable gold ETF: GLD, 60min
Gold has bounced from $2043 to 2053.
Hourly momentum is due to turn positive.
I’d like to see the $2080s before the weekend.
The $2100s look more realistic next week, with CPI/PPI data.
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notable miner: GOLD
I’d note the most recent two candles are distinctly spiky on the lower side, indicative of s/t bearish exhaustion. Bullish!
Time for lunch…