sp'60min
Summary
closing hour action: micro chop, leaning to the upside, and breaking a new intraday high.
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… and that concludes Tuesday. Aside from sig' downside in oil and sig' gains in gold, it was a pretty subdued day. Whilst the s/t cyclical setup favours the bears, nothing other than moderate chop can be expected ahead of the holiday break.
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notable stock: NVDA
First, note yesterday's black candle under the 200dma. Today, Nvidia unveiled the 'super' new graphics cards today. They are better price/performance, but still costly. From the initial reviews, they are superior to AMD on most metrics.
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notable stock: TSLA
Tesla continues to find it difficult to hold onto staff. For now, the stock is at least holding above key price threshold of the 180s or so.
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A fine end to the day. Have a good evening.
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more later on the VIX and Indexes by 6pm EDT