US equities remain in minor chop mode, which will likely continue into the close. WTIC $77s. Gold $2026. Silver $23.22.
sp’60min
VIX’60min
Summary
Chop chop… chop.
A fair question, is why wouldn’t we break a new hist’ high this week?
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notable stock: AAPL
A fourth day lower, but bulls can argue its just making the stock s/t oversold, ahead of earnings – due Thurs’ AH.
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notable stock: AMZN
Amazon terminated the bid for iRobot (IRBT) due to too many problems with competition boards. iRobot is duly in turmoil, set to fire 31%, with the CEO/founder quitting. Amazon will pay a termination fee of $94M.
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notable fin: V
Friday’s hollow red reversal candle played out… as they usually do.
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notable miner: FCX
Freeport trying to put in a spike floor, with copper leaning upward to $3.87. Copper bulls really need to see >$4.00