US equities are a little choppy, if mostly leaning on the weaker side. VIX will be inclined to be ground lower into the 12s… even if the SPX settles red.
sp’60min
VIX’60min
Summary
Five more hours of chop… into the weekend.
SPX 5450… with VIX 12s… would be the natural settlement.
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notable stock: NVDA
Nvidia can fall, and it doesn’t mean the main market has to follow.
Momentum set to turn negative.
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notable energy: CVX
The oil giants set for a reasonable end to the week.
Momentum has turned positive.
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notable silver ETF: SLV, daily2
You could argue silver is just tagging yesterday’s gap… but still, the day to day swings are becoming tedious.
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notable miner: EXK
Reflective of the smaller miners.