US equities open a little choppy, if leaning on the upward side. Gold $2786, with Silver $31.29.
sp’60min
VIX’60min
Summary
*new hist’ high for the SPX, making it a net bullish day… even if close red.
Again, the s/t cyclical setup favours the bulls. More broadly, the market will be inclined to lean upward into the FOMC of next Wed’ 2pm.
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notable hysteria: TWLO
Pre-lim earnings and positive guidance.
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notable health: NVO
Touting its new weight loss drug is the bestest EVAR!
… or you could eat better, and go for a walk.
(yes, I guess I sound preachy at times)
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notable nuclear stock: SMR
The cautious will be such… for what is over-stretched.
Yours truly is of course… long since out from the mid $24s.
I’ll dream of buying back 22 or lower.
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notable steel: CLF
Seemingly helped by sister Steel Dynamics (STLD), which received an upgrade by Jefferies.