11am update - the chop continues

US equities remain in minor chop mode, with the VIX reflective of pre-holiday churn. WTIC has cooled into the $57s. Gold is holding moderate gains, just under the key $1400 threshold.


sp'60min

VIX'60min

Summary

*my web host remains entirely offline, and I see its a 'Cloudflare' issue which has taken perhaps millions of sites off across the world. I'm guessing I'll just remain here for the remainder of today.

Little to add, as the market seems already content to just churn sideways. Tomorrow morning's econ-data will give an excuse for a moderate swing or two.. ahead of the 1pm close.
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notable weakness, FCX

Freeport lowered guidance yesterday (blaming copper prices), and the stock is still struggling. The stock/sector is arguably to seen as problematic until Copper >3.00.

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notable stock, F

Ford saw an especially bearish engulfing candle yesterday. Early weakness has drawn in some buyers.
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notable weakness, MU

Micron saw a black candle yesterday, and the stock is naturally lower this morning. Cyclically very high.
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notable strength: AMRN

Amarin is building powerful gains. A break >23s will make for one hell of a super-breakout.

time for a light lunch... 

10am update - opening chop

US equities open in minor chop mode, leaning on the weaker side. VIX remains subdued in the 14/13s. WTIC $58s. Gold $1395s.


sp'60min

VIX'60min

Summary

*subscriber note, posts will remain here, whilst my webhost remains entirely offline. Anyone in LA hear of any fires?
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So... a little chop... leaning weak... no drama. There is a fair amount of data tomorrow morning, but once that is out of the way, the market can be expected to churn into the holiday break.

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notable weakness, ROKU

Dragged lower on an RBC mixed downgrade, although holding p/t to $90. The stock was s/t bearish anyway.

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notable weakness: AMD

Yesterday's black candle is playing out.
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notable strength, AMRN

Amarin has raised guidance, and the stock is seeing a powerful jump. Things would turn wildly bullish if the double top of the 23s can be exceeded. Today's news does indeed bode for such an eventual super-breakout. 
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notable miner: GOLD

Barrick Gold, along with most of the other miners, is seeing a rebound. Cyclically though, the stock still looks s/t vulnerable. In the process of seeing a bearish macd cross... the cautious will wait at least another day.

Pre-Market Brief

Good morning. US equity futures are a touch weak, SPX -3pts, we're set to open at 2961. USD is -0.1% in the DXY 96.30s. The precious metals are leaning upward, Gold +$7, with Silver +0.1%. WTIC is -0.5% in the $58s.

sp'60min

Summary

*Subscriber note. My site is currently offline, as my entire web host (based in LA) is seemingly 'off the grid'.  I will continue here today, unless otherwise stated.
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Yesterday broke a new historic high of 2977, we saw some cooling to 2952, and then a closing hour mini ramp (provisionally confirming the baby bull flag).

Cyclically, we're on the higher side, and due some cooling. Keep in mind, yesterday saw many stocks settle with black candles, which does lean bearish.. if only for this morning.

The real threat to the market will be the monthly jobs data this Friday morning, although as ever, even if the data is not pretty, perhaps the mainstream will see 'bad news as good news' ?


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Early movers

AAPL -0.4%
AMD -0.6%
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AMRN +8.8% to $20.90s, raised guidance. Things turn crazy bullish >23s.
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BAC -0.2%
BCS -0.1%, weak UK financials
BP +1.1%
DB -0.8%, weak EU financials
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FCX -1.0%, struggling after yesterday's lowered rev' guidance
GDX +1.3%, rebounding with gold
GOLD +1.3%, rebounding with gold
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MT -1.7%, weak EU industrials
MU -0.7%
NFLX -0.4%
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NKE -0.3%, more Kaepernick 'drama'
ROKU -3.1%, RBC mixed downgrade, holds p/t to $90
TSLA +0.6%, Tesla's 'head of Europe' is leaving
TWTR -0.1%
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VIX +0.6% in the 14s
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WDC -2.8%
X -0.3%, m/t horror
Z -0.5% in the 86s, soft support 80/79


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Overnight markets

Its broadly very subdued out there...

Japan: +0.1% at 21574
China: -1pt at 3043
Germany: currently -5pts at 12516
UK: currently +0.5% at 7533
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Have a good Tuesday