US equity indexes are very mixed, with the Nasdaq sig’ higher, a moderately positive SPX, and the Trans sig’ lower. Gold $2936. Copper $4.86
sp’60min
VIX’60min
Summary
Regardless of how we settle today, s/t bulls should be concerned that today’s price action is lousy… relative to better than expected CPI data. Tomorrow is a Thursday, which will inherently favour the bears.
A more secure floor from around 5400 appears on track.
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notable stock: TSLA
Very powerful gains… partly short-covering, inspired by Elon touting US production to double within two years.
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notable stock: AMD
Two up days don’t count as short term, never mind mid term bullish.
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notable retail: AMZN
A black candle, having stalled at key price threshold. S/t bearish with the main market.
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notable miner: CCJ
RBC, buy, $90. Stifel and GLJ Res’ also upgraded.