US equities are choppy, if seeing another bounce attempt. Gold $2650, with Silver $30.01, the latter especially helped by the main market.
sp’60min
VIX’60min
Summary
Again, its quad-opex… we have to expect broad chop, with a few dynamic swings. Unless we settle >50dma (>5930 to be decisive), the market is to be seen as s/t broken.
Further, where would the market makers like to see a pin, 5900… now seems more realistic than intermediate 5850.
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notable stock: TSLA
Bouncing with the main market.
Momentum still due to turn negative as of Monday.
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notable semicon: MU
Its been a tough week for Micron. Whilst earnings weren’t ‘that’ bad, the bigger monthly chart is threatening at least $70.
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notable energy: OXY
Higher on news that Berkshire/Buffett bought another block in the $46/45s
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notable miner: NEM
Higher with the sector, and gold printing $2644. However, one up day doesn’t negate the bigger trend.
As night falls, its time for lunch