US equities are open on a positive note, with the SPX tagging, and pushing past the 50dma. VIX printed a new cycle low of 15.06. USD is -0.9% at 105.07. The US 10yr is around 4.50%
sp’60min
VIX’60min
Summary
*yours truly has picked up a second block.
SPY Dec’1st $431 PUTS… from sp’4344.
… which is a reasonable repositioning, after bailing from 4200.
*holding block’1 from sp’4288.
I’m content to hold across the weekend.
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notable stock: AAPL
Apple remains very profitable, but there is no growth anymore, with four quarters of declining rev’, if only ‘minor’. For now, the market is trying to shrug it off.
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notable stock: EXPE
Earnings (Thurs’ AH), EPS $5.41 vs 5.00est. Rev’ y/y +8.6% to $3.9bn inline. Broadly good. $5bn stock buyback… is wildly stupid.
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notable car: TSLA
Green gap… where the 50dma is nearing.
Orange gap appears more likely first.
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notable fin: SQ
Earnings were okay, the stock is being juiced on news of a $1bn buyback, which is a ludicrous use of precious cash.