US equities are choppy, if with some indexes having recovered to positive. The two leaders – Trans/R2K, are both still -1.0%.
sp’60min
VIX’60min
Summary
Little to add. An OPEX pin around 6400 would be most natural… but anyone shorting this side of Labor day is taking an unjustified risk.
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notable stock: NFLX
Renaissance Tech’, adding NFLX to their fund.
The stock remains rather stuck around the 50dma.
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notable weakness: AAP
EPS 69cents vs 57est. Rev’ y/y -25.1% to $2.01bn vs 1.97est. The massive drop in annual sales is reflective of a broken consumer who can’t afford to fix their rust-bucket >10yr car.
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notable retail: AEO
Yesterday… saw a bullish breakout >200dma.
… but we’ve a rather powerful reversal.
The stock is cyclically on high side.
My hope is to buy in the 10/9s … mid Oct’
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notable nuclear stock: OKLO
Wedbush, outperform, $80
time for a light lunch…