12pm update – lunchtime chop

US equity indexes remain mixed, with the Trans/R2K remaining red, whilst the SPX, Nasdaq, and Dow remain a little higher. WTIC $70.52. Gold prints a new hist’ high of $2712… whilst Silver is stuck around $32.00

sp’60min

VIX’60min

Summary

Again, regardless of the exact close, with a new hist’ high, it has to be seen as a net bullish day. Even an OPEX pin around 5800 looks a stretch.

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notable car: TSLA

Three black candles… with today red. Structure IS a bear flag.
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notable China stock: BABA

Lower with the rest of the Chinese stocks.
Yesterday’s black candle played out.
I wonder if Burry sold anything recently.
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notable health: MRNA

Moderna remains m/t horror from the ‘omg, we’re all gonna die via Monkeypox’, May $170s.
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notable miner: UEC

Uranium Energy breaks a new multi-year high. Impressive, but then s/t chatter is extremely bullish anything nuclear related.