US equities open in minor chop mode, if leaning on the upward side. VIX is subdued in the 21/20s. USD remains weak, -0.4%, having printed DXY 90.62.
sp’60min
VIX’60min
Summary
Little to add, as its pretty quiet out there.
–
notable stock: TSLA
Yesterday’s reversal candle played out.
Goldman neutral>buy, 455>780, and that call will no doubt receive some attention on the CNBC lunchtime show.
–
notable Dow component: BA
Boeing is pressing against key price threshold/resistance. A break above the June $234s will offer the 280s, which is viable before year end.
—
notable strength: MU
Micron continues to power upward, after yesterday’s upgrades. Its simply a case of technical open air to giant psy’ $100. The only threat would seemingly be either the Chinese (remember the office raid?), or a main market cooling wave.
—
notable mining ETF: GDX, 60min
Miners seeing an opening reversal, as s/t momentum has turned negative.
UOA: >15000 each of the Jan’ $38 and $40 CALLS though (a likely CALL spread, buying the $38s, and selling the $40s), as the $38s are indeed, next resistance.