US equities open moderately higher, although the gains are a little shaky. VIX is naturally cooling back. USD is +0.3% at 106.22, which sure isn’t helping gold. WTIC printed $92.72.
sp’60min
VIX’60min
Summary
I’m scrolling across various SPY Put chains.
I see lots of small blocks (very s/t strikes, such as Oct’3, 6th) being cashed out, as sentiment sure doesn’t smell ‘crashy’.
Yours truly is content to watch, although I’m inclined to re-short (if a small, non-crashy position). Right now, there seems no hurry.
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notable stock: AAPL
Bouncing with the main market.
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notable retail: COST
Earnings were unquestionably good.
Opening upside reversal
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notable strength: OXY
Higher with WTIC $92s.
None of this is going to help the Fed’s inflation goal into 2024.
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notable miner: NEM
Struggling with the sector, as gold printed $1902.