US equities remain in micro chop mode, if still mostly leaning on the upward side. VIX is vulnerable to a weekly settlement in the 14s… even the 13s, if the ‘usual games’ are played in the final minutes this Friday afternoon. USD is -0.6% at 92.51.
sp’60min
VIX’60min
Summary
Chop chop… chop.
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notable stock: AMD
We’ve some speculative buyers piling in, after recent cooling, no doubt partly via WSB.
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notable Dow component: MSFT
A new historic high, as psy’ $300 is clearly coming. Momentum due to turn positive in 2-3 days.
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notable strength: X
US Steel powering upward. I should be in this one, and its marginally annoying to see it running away.
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notable miner: FCX
Copper printed $4.43… which is helping. Psy’ $5.00 looks realistic in Sept’. I comfortably hold Freeport.
Time to check on the cheerleaders. Pete is in the house, so mute button is OFF…