12pm update – lunchtime chop

US equities remain in micro chop mode. Silver printed $30.83.

sp’60min

VIX’60min

Summary

Little to add.
S/t equity momentum is set to turn negative, but I’d not expect much.


notable stock: CVX

Higher with the sector, with a solid floor from the 200dma.
Momentum due to turn positive.

notable weakness: BA

Mostly a case of post Calhoun senate-testimony depression.

notable stock: TSLA

Tesla struggling… if broadly choppy.

notable miner: FCX

Freeport higher with copper printing $4.58… back to around breakeven for June.