11am update - micro chop

US equities remain moderately mixed, stuck in micro chop mode, as some sellers are understandably appearing as indexes are close to their respective 200dmas. VIX remains relatively subdued, +3% in the mid 17s. Metals are battling to hold moderate gains, Gold +$6.


sp'weekly1b

Summary

Not the underlying MACD (blue bar histogram)... positive cycle for the first time since late December.

Equity bears really need to halt that increase by late next week.


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notable weakness, CREE, daily

... downgraded by some barely heard of group. If sp'1600s, CREE will hit $20.. if not the mid teens.
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