US equities remain in chop mode, which can be expected to continue across the afternoon. VIX has already turned red. Gold $2336, with Silver $29.58.
sp’60min
VIX’60min
Summary
Little to add… as the chop is very natural for a quad-opex.
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notable stock: MCD
Hopes of the $5 meal… which is shockingly small, including just four nuggets. Personally, I’d only consider the fries on a cold winter’s day.
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notable Dow component: INTC
I have to wonder if some of the AI-semicon money is flowing into Intel, and a few of the more boring/less hysteria techs.
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notable strength: AAPL
A little bounce. Momentum prone to turning negative next week, offering a back test of psy’200/199s.
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notable miner: PAAS
Lower with the sector.
Time for lunch