US equities open moderately higher, with the SPX filling teal gap… but that does make for a new downside gap.
sp’60min
VIX’60min
Summary
With each hour from here, price action should become increasingly subdued into the long weekend. The opening candle is black, but s/t momentum will turn positive as of 10am, and should ensure net daily gains.
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notable stock: TSM
Earnings were (not surprisingly) good…
EPS $3.14 vs 2.79est. Rev’ y/y +25.5% to $33.7bn vs 33.3est.
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notable fin: GS
Earnings were mixed…
EPS $14.01 vs 11.65est. Rev’ y/y -3.0% to $13.4bn vs 13.8est.
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notable silver ETF: SLV, daily
Just another cooling wave.
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notable miner: AG
Lower with silver.
The stock is arguably 50% under-priced, relative to silver.