12pm update - minor chop

US equities are seeing a touch of chop, but still look set for another net daily gain. VIX is naturally in cooling mode, -3.5% in the 13.10s. There is notable strength in Oil, +3.9% in the $55s. Metals are holding moderate gains, Gold +$4.


sp'60min

USO,60min

Summary

Oil is clearly headed for the $60s... whether next week.. or not until early May...  makes little difference in the scheme of things.

Regardless of any weakness this afternoon (not least after the Fed beige book at 2pm)... underlying price pressure remains bullish.
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notable strength: INTC +4.3%. Seemingly headed for $35.. at least.

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VIX update from Mr T.


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time for some chilled drinks... its summer!
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12.05pm.. Long TWTR.. from $51.20... am looking to drop on the next up wave.. somewhere in the 53/54s... before earnings... and be long again for earnings (Tue Apr'28th).

Anyway....  back to the drinks.