12pm update – lunchtime chop

US equities are choppy… as is natural for a quad-opex. VIX is churning the low 16s. Gold prints a new hist’ high of $2648 !

sp’60min

VIX’60min

Summary

A new intraday low of 5674… if bouncing.
Key price threshold 5650 would make for the more bearish quad-opex Pin.


notable stock: AAPL

A fourth day higher, fairing better than the main market.
Momentum turned positive.
Prone to settling around psy’ $230

notable horror: FDX

The dip buyers are notably absent… as they should be.
The stock is short/mid term broken. Soft support 241/240.
The bigger monthly charts offer psy’ $200 before the election

notable steel: CLF

Underlying m/t horror. In limbo, until the Nippon Steel bid (for US Steel) is resolved… or rather… blocked.

notable miner: UEC

Powering upward, and I’m not sure why.
Black candle… restrained by the red main market.

Time for a much needed light lunch