US equities open in minor chop mode… if seeing a little push upward. WTIC $80.94. Gold $2344. Silver $29.67.
sp’60min
VIX’60min
Summary
The s/t cyclical setup favours the bulls.
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notable stock: BA
Chatter that the DoJ may issue criminal charges
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notable semicon: MU
Micron saw a powerful reversal last Thurs’, but its received yet another set of upgrades. Baird 150>172, Citi, 150>175, Morgan Stanley, 130>140. Earnings due Wed’ AH should be good, with a positive outlook.
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notable weakness: NVDA
Whilst Micron is propped up by some upgrades, NVDA, ARM, TSM, and SMCI are all struggling.
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notable stock: DJT
Trump/Biden this Thurs’ will merit rather considerable attention.