US equities open moderately higher. There are signs of an opening reversal though. WTIC $73.07.
sp’60min
VIX’60min
Summary
All else being equal… they’ll pin the SPX around the current 6K.
The only concern… a sporadic Israel/Iran video, and/or Trump comments.
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notable energy: LEU
New hist’ high. Even the crazy bold will NOT be chasing at this time/price.
$110M… contract from the DoE.
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notable weakness: LMT
Arguably a case of ‘buy on all weakness’.
A break >200dma can be expected
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notable car: TSLA
Wedbush, outperform, $500
An opex pin around $325 would be most natural.
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notable arms: SWBI
EPS 20cents vs 23est. Rev’ y/y -11.5% to $140.8M vs 152.4est. A double miss. The drop in annual sales is especially ugly.
Note how the stock settled Wed’ at the 200dma… and now its broken lower, with momo having turned negative.