US equity indexes are mixed, with the Trans -0.8%, with the SPX +0.5%
sp’60min
VIX’60min
Summary
S/t momentum is moderately positive. Bears could argue for a cooling wave with CPI-Thursday, but the risk-reward is lousy, as daily momentum turned positive today. Net bullish into the Fed
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notable stock: CHWY
Earnings were actually rather good…
EPS 33cents vs 14est. Rev’ y/y +8.4% to $3.10bn vs 3.08est.
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notable weakness: AMZN
Trading inverse to Oracle, on competition concerns.
I don’t agree with the notion.
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notable strength: NVDA
Pulled upward on Oracle AI-spending chatter.
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notable miner: MP
My primary stock target for Oct’.
Price target psy’ $50, secondary 40.
time for lunch