US equities are choppy, if moderately lower. The old leader – Trans, is sig’ lower. Gold $2738, with Silver $33.75.
sp’60min
VIX’60min
Summary
*Bank of Canada cut rates by -50bps to 3.75%. It easily allows the Fed a -25bps cut Nov’6th. The stronger dollar and higher bond yields aren’t helping equities.
Well… its 11am… typical turn time. Bulls have a chance to recover into the mid afternoon, with the Fed Beige book due 2pm.
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notable stock: BA
The bounce… didn’t last long.
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notable weakness: TSLA
Tesla is struggling… ahead of earnings.
The s/t cyclical setup favours an upward spike.
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notable semicon: NVDA
Cooling back.. from yesterday’s hist’ high.
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notable miner: UEC
The nuclear bubble burst a few days ago.
time for lunch