11am update – the chop continues

US equities remain in minor chop mode, as the equity bears can’t even manage moderate declines.

sp’60min

VIX’60min

Summary

Little to add.


notable bond ETF: TLT

Bonds lower, as yields leaning upward.

notable fin: BAC

Yesterday saw a close above key price threshold. M/t bullish with higher yields. I hold.

notable strength: AAPL

Price structure is a bullish pennant, as Apple appears set to break new historic highs within 1-2 weeks.

notable miner: AG

Silver miners struggling, not helped by the main market, or silver printing the $22s.

notable tech: EA

Something related to Battlefield 2024…

Time for lunch…