US equities open in minor chop mode, but its enough for the SPX to generate a new hist’ high of 6699.
sp’60min
VIX’60min
Summary
We’re s/t cyclically high, as the setup favours the bears, but its difficult to see much more than moderate cooling.
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notable stock: MU
S/t buyers… ahead of earnings, due in AH
The stock will typically sell off on earnings.
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notable Dow component: BA
Trump said Uzbekistan and/or Turkey might place orders
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notable weakness: NVDA
Bernstein warning about ‘circular’ issues, with Nvidia investing in OpenAI, with OpenAI (likely) buying Nvidia products.
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notable nuclear: OKLO
Seaport Global, buy>neutral. Ms. Wood of ARKQ sells her Oklo stake
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… which merits your attention.