US equity indexes closed very mixed, sp -5pts (-0.1%) at 3545. Nasdaq comp’ -1.4%. Dow +0.9%. The Transports settled +1.6%.
sp’60min
Summary
closing hour action: micro chop, leaning a touch, and still under the hourly 10MA. The bears could argue s/t price structure is a bear flag.
*awaiting earnings from LYFT
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… and that concludes Tuesday. After yesterday’s bullish drama, today turned out to be pretty tedious. The s/t cyclical setup favours the bulls for Wednesday.
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notable stock: AMD
Difficult day for AMD, although its still holding above recent lows. The new graphics cards are due Nov’18th, and should be a challenge to Nvidia.
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notable stock: AMZN
One of the ‘stay at home’ stocks knocked lower for a third day. I have to see the ‘vaccine = bearish’ excuse as pretty stupid.
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notable mining ETF: GDX, 60min
A second day lower, despite higher gold/silver. Not great.
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Just another day with the UK populace remaining under effective house arrest. I hope things are less restrictive in your world.
Have a good evening
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more later on the VIX and Indexes by 6pm EST