10am update – new historic high

US equities open on a choppy… if positive leaning note. WTIC $81.38. Gold $2356. Silver $30.54.

sp’60min

VIX’60min

Summary

The SPX 5500s… make it a net bullish day, even if we turn red this afternoon.


notable stock: SMCI

Chatter that the XAi super computer will use Super Micro and Dell server racks. The $1100s look due next week.

notable semicon:NVDA

New hist’ high of $140, as the AI hysteria continues.

notable silver ETF: SLV, daily2

Today’s issue is whether (commodity) silver will be able to break AND hold >psy’ $30.

notable miner: AG

Its arguably the s/t horror has finally ended, with a floor from $5.96, just above the 200dma.