US equities open on a positive note, but its arguably just a bounce, as weekly momentum is increasingly negative. VIX is cooling back, prone to the 16/15s. WTIC $81s. Gold printed $2344… if bouncing. Silver $27.16… if also bouncing.
sp’60min
VIX’60min
Summary
S/t momentum in the process of turning positive, which should prop the market up into the mid afternoon, if not early Tuesday.
*Last week’s OPEX settlement was especially weak, as the bigger charts offer 4700… if not until mid May.
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notable stock: TSLA
Last week… the firings… this week… the price cuts.
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notable semicon: SMCI
Last Friday saw an outright vicious drop, as the AI hysteria bubble is decisively broken.
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notable miner: GOLD
Lower with gold.
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notable miner: AG
Lower with silver.