Thursday, 17 December 2020

11am update - morning chop

US equities are battling to hold moderate gains. The USD is -0.7%, printing a new cycle low of DXY 89.67, as the key 88s are very near indeed. VIX is churning the 22s.

sp'60min

 


VIX'60min

 


Summary

*well, it seems my webhost in trying to fix my broken email (a legacy issue from Monday), has knocked me offline... so I'll post here until its fixed.

Its 11am, a typical late morning turn time, and the market will be inclined for some cooling into the early afternoon. Regardless of today's close, with a set of new historic highs, its been just another day for the bulls. 


notable bond ETF: TLT

 


Yields cooling back... after the fed. Broadly... its all chop.

notable financial: BAC

 


Yesterday's black candle played out, as the Fed's statement it will maintain until end 2023 didn't help.

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notable strength: ROKU

 


Roku is higher on the good news HBO will be part of its platform. With many new films set to be put on HBO in 2021 (inc' Dune), its a major positive for the company.
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notable gold miner: GOLD

 


Barrick Gold is powering upward with the sector, helped by Gold $1902s and Silver $26s. Note the 50 and 200dma in the $25s. Any price action >26 would be decisive.

Time for a light lunch...