11am update – morning chop

US equities are choppy, if still net lower. Silver has swung upward to $32.68, with Copper $4.66.

sp’60min

VIX’60min

Summary

Its 11am… typical turn time. Bears should have opportunity into mid afternoon. Choppy… and whilst we’re above the lows… I lean s/t bearish.

Having sold INTC… I sit back, and hope for lower prices to buy back!


notable stock: AAPL

Very resilient to the main market.
Structure IS a bear flag.
Even the bold will NOT be buying at this time/price.

notable weakness: GOOGL

Orange gap tagged.
The cautious will wait for $175s.
The very cautious will wait until the flip side of the long weekend.

notable nuclear stock: LEU

New hist’ high. Recent earnings were very good.

notable stock: GNRC

Earnings were good…
EPS $2.80 vs 2.50est. Rev’ y/y +16.1% to $1.235bn vs 1.241est.

Bullish engulfing candle. Momo has turned positive.

time for lunch!