12pm update – lunchtime chop

US equities remain in minor chop mode. WTIC prints $66.28

sp’60min

VIX’60min

Summary

The s/t cyclical setup favours the bears. Red silver (-0.8%) is one indirect sign that supports the notion equities need to cool back… if only 1-2 days.


notable stock: GOOGL

Purple gap isn’t that far up.

notable semicon: AMD

… its rather stuck.

notable strength: TGT

Target is arguably being pulled upward by Casy

notable stock: PLTR

Just s/t cooling… for the dystopian monster.

time for lunch