sp'60min
VIX'60min
Summary
3hrs until the press release from print central. Cyclically, its a little messy, The post FOMC setup will still favour the bears. Again though, we're only talking about a possible wave to 2640/30s across a day or so. Its nothing for most to even bother with.
Ohh, and sp'2671 is just 12pts shy of my year end target.
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notable strength, FCX, daily
Freeport has already pushed into the low $16s. Any monthly close >17 would offer 24/25 by summer 2018. Superior miner (at least technically) remains SCCO
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notable weakness, X, daily
US Steel continues to cool after the recent powerful push above resistance of the $31s. Indeed, a natural back test to the 31s - from 34s, is underway. M/t bullish to $40.00.
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notable stock, MU, daily
The gains are a little shaky. Someone is hungry for the July $65 calls, now totalling >5300. I see a >5000 block of the July $45s. Its possible someone is buying the $45s, but selling the 65s. In any case, its still a bullish trade for the m/t.
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time for lunch...