Most US equity indexes are set for net daily gains of some degree. Weekly jobs data and/or Powell – due early Thursday, will be valid excuses for another push towards Monday’s hist’ high.
sp’60min
VIX’60min
Summary
Suffice to add, its pretty choppy, as the VIX remains reflective of a comfortable mainstream. For now, Mr Market doesn’t care that the US election vote is still to be finalised.
—
notable stock: AMD
A strong day for AMD, helped by background chatter of a joint venture with IBM. Price action/structure is very similar to April>July.
—
notable financial: JPM
Set for sig’ declines, but it will still make for another decisive close above the 200dma.
—
notable mining ETF: GDX, 60min
S/t momentum continues to tick back upward. Miners will be back in play with a break above the hourly 10MA.
back at the close…