12pm update - still minor chop

US equities remain in minor chop mode, but with the smaller 60min cycle arguably floored - with a spike of sp'2098, market is likely to see net daily gains. Metals remain a little weak, Gold -$2. Oil has failed to hold the early gains, now fractionally negative.


sp'60min

Summary

Little to add.

Hourly MACD (blue bar histogram) cycle is very likely floored.. and we're set to turn positive cycle tomorrow.. offering the sp'2120s.
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Notable strength, momo stocks, TWTR +4.5%.. having broken the psy' level of $50

$55/60 zone looks very viable around next earnings. Certainly, Twitter appears to offer more potential for earnings (via validation user fees) than Facebook.
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VIX update from Mr T.... who still needs to adjust his mic.



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time to cook