US equities begin the week in minor chop mode. WTIC has cooled to $76.62, for no particularly good reason. USD is +0.3% at 103.60.
sp’60min
VIX’60min
Summary
The s/t cyclical setup favours the bulls, with the market inherently inclined to claw upward into Wed’ afternoon. I’d be open to the 4940/50s. Thursday. will offer ‘new money to work’, and so long as AAPL, AMZN, and META have ‘broadly fine’ earnings, the market should end the week net higher.
*yours truly has bought back AEM, and picked up SLB
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notable stock: AMD
Susquehanna 170>210, as an increasing number are resigned to >psy’$200.
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notable semicon: INTC
Vain attempt to dead cat bounce.
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notable energy: SLB
I continue to see Schlumberger as a prime energy stock, which is outperforming sister OXY. I just bought from $52.57, and I’ll sleep fine with this leading oil/gas driller.
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notable miner: GOLD
Barrick seeing early gains fade, with gold cooling from $2037 to $2018.
Cyclically low, and the bold will be buying/adding. I already hold, and instead picked up sister AEM.