US equities open in minor chop mode. WTIC has cooled to $66.63. Copper $5.59
sp’60min
VIX’60min
Summary
Early price action is already rather tedious.
Things only turn a little interesting under <6240… and <6200 to be decisive.
Where is the excuse going to come for that?
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notable stock: DAL
EPS $2.10 vs 2.05est. Rev’ y/y -0.1% to $16.65bn vs 15.45est. F/y guidance restored. Delta argues demand has stabilised, if remaining soft.
Gods help anyone stupid enough to try and short Delta on a bullish break >200dma.
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notable semicon: AMD
HSBC, hold>buy, 100>200
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notable strength: TSLA
Musk touting ‘Grok is coming to Tesla vehicles’ by next week.
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notable miner: FCX
Freeport higher with copper very strong.
The current black candle is a problem.