US equities open moderately higher… but the gains are shaky.
sp’60min
VIX’60min
Summary
I don’t trust the open.
If it wasn’t OPEX, I’d be tempted to short it.
Yesterday’s daily bearish engulfing candles are strongly suggestive we’ll see red indexes (if briefly) today.
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notable stock: NVDA
Yesterday’s bearish engulfing candle has played out.
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notable crypto stock: MSTR
The pressure is mounting on Saylor, Dan Ives, and the Tom Lee, all of whom were distinctly bullish into year end.
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notable silver ETF: SLV, 60min
… as I’ll continue to say, if you’re bearish equities, you can NOT be bullish silver. The past few weeks and months have seen a number of the ‘known names’ touting an equity crash, whilst at the same time bullish gold/silver.
I’m not sure if they are deluded, or lying to placate their ‘bullish gold/silver’ audience, whom they know would be mad as hell, if the person they follow/subscribe to, is bearish their most beloved commodity.
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notable weakness: PAAS
Lower silver… with Pan American naturally lower.
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notable fin: OWL
Bouncing, but this one remains m/t horror.
Survival is highly questionable.