US equities remain in minor chop mode, if starting to lean fractionally lower. Gold has printed $2093, helped by the USD -0.4% at 100.64, and lower bond yields. Copper $3.97
sp’60min
VIX’60min
Summary
*thankfully, stockcharts is back online.
… as 2024 will likely see a major cyber attack.
S/t equity momentum threatens to turn negative into the early afternoon, and that’d be a problem. A tag of purple gap… or at least the lower bollinger appears realistic, if not until tomorrow.
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notable stock: TSLA
Chatter of a revamp of Model Y, via its Shanghai plant.
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notable bond yield proxy: TNX, daily
Yields sig’ lower.
A move to 3.25% appears probable by March/April.
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notable gold ETF: GLD, 15min
As I was babbling on in the 10am… gold is way s/t overbought, and even the bold will NOT be chasing. I’ll hope for some cooling, to get involved.
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notable miner: GOLD
Barrick leading the sector upward.
Three black candles…. yet to play out.
As night falls, its time for a much needed lunch