10am update – opening chop

US equities open a little choppy, if mostly leaning on the positive side. WTIC prints $73.58. Gold $2044… a daily close >$2050 would be a start.

sp’60min

VIX’60min

Summary

Opening gains… but they are shaky, with s/t momentum having turned negative. The s/t cyclical setup will favour the bears into the afternoon, but its difficult to see anything of significance.


notable stock: LLY

New hist’ high, as Eli Lilly earnings were fine, with the company pushing its weight loss pills.

notable car: TSLA

Tesla still battling to find a floor.
The stock is cyclically low.

notable semicon: AMD

No news… just s/t cooling.

notable miner: FCX

Higher with copper $3.79. Momentum set to turn positive.