US equities are choppy… which can be expected to broadly continue all the way into and across July 4th week. VIX 13s… reflective of an #everythingisfine mainstream.
sp’60min
VIX’60min
Summary
This kind of chop can be expected to continue for the rest of the week… and more so… next week. Aside from the UK and French elections, the US market can be expected to be extremely subdued.
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notable stock: AMZN
Moderate gains > sig’ gains… helped by news that July 16/17 will be ‘Prime day’… or rather… days.
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notable stock: DIS
Goldman issued a ‘buy to $125’, but those chasing the open are already -2%
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notable energy: OXY
Its just a minor retrace of yesterday’s gain. Energy still looks strong into July.
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notable miner: FCX
Lower with copper printing a new cycle low of $4.37.
Momentum has still turned positive.
Time for a light lunch…