US equities opened broadly flat… if seeing some moderate cooling. WTIC $81.35. Gold $2363. Silver $30.00. Copper $4.45.
sp’60min
VIX’60min
Summary
Best guess… a quad-opex settlement around 5450. 5500 is too high… whilst 5400 looks out of range, as we’re already s/t cyclically low.
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notable stock: MU
Yesterday’s bearish engulfing candle played out.
Momentum to turn negative next Monday.
Yet more upgrades… Wolfe Res’, 150>200, Raymond James 130>160
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notable stock: AMZN
Helped on hopes Amazon will charge $5 or $10 a month for Alexa.
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notable silver ETF: SLV, daily2
Overnight weakness, if recovering. It’d be useful to the m/t bullish case to see silver settle at least +0.5% today. Momentum due to turn positive next Monday.
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notable miner: NEM
Macquarie, 47>55, BNP Paribas, 52>55