US equities are battling to build moderate gains, although the market will be increasingly inclined for considerable chop ahead of Wed’ 2pm. VIX has been ground into the 19s, as the mainstream cheerleaders believe in the soft landing. Gold has printed $1945… from an early 1915.
sp’60min
VIX’60min
Summary
Whilst I’m open to another swing lower – not least on tomorrow’s 2pm press release from Print Central, I don’t expect anything sustained <4K. Instead… the upper 4100s appear due.
I just wonder if Gold will get whacked lower tomorrow or Thursday, on multiple central bank rate hikes, or instead jump to near 2K. I remain… watching.
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notable stock: AMD
We’ve speculative buying, ahead of earnings due in AH.
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notable stock: AMZN
Green gap…. earnings due Thurs’ AH
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notable strength: F
Pulled upward by GM. Earnings due Thurs’ AH
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notable stock: TSLA
There remain buyers on s/t cooling waves. Resistance 198/200.
time for lunch….