12pm update – lunchtime chop

US equities are choppy, if moderately lower. VIX 17/18s. Gold prints $2653, more impressive relative to the USD +0.6% at 106.87

sp’60min

VIX’60min

Summary

We should settle lower to some degree. Thurs’ appears set to offer a gap lower .. NVDA would be one excuse. Russia/Ukraine would be another.

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notable stock: SMCI

A partial retrace of yesterday’s jump.
The problem remains of the accounts and the probing Feds.
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notable weakness: F

4000 job cuts in Europe. Daily momo set to turn negative.
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notable horror: TGT

This is one stock where the ‘dip buyers’ are leaving well alone.
Support… 105, psy’100, 98s
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notable crypto: MARA

Higher with bitcoin printing $95K

time for lunch