Article By:
Michael J. Kramer
Sunday, June 4, 2023 3:21 PM EDT
The S&P 500 moved above the resistance zone I have been watching. I have doubts about Friday’s rally for several reasons, but the biggest reason is the volatility crush that sent the index higher, as the VIX tagged its lowest in nearly two years.
Why Tech Is Giving Me Jeepers – Watch Out, Gold
110min after the U.S. open update: Markets are attempting to turn the (intraday) corner - if it has any legs today, look for oil to lead the way, followed by copper with silver. stocks recapturing the 3,910 level would be a great start really, if you're into (liquidity) miracles. I like the lower knot in $TLT & indecision in $XLK - thus far, the key words here.