10am update – opening reversal

US equities have seen an opening reversal.

sp’60min

VIX’60min

Summary

First support is the hourly 10MA… 7320s… so SPX -70pts or so.


notable stock: ADBE

Earnings were good…
EPS $5.96 vs 5.82est. Rev’ y/y +12.7% to $6.61bn vs 6.45est

notable weakness: CRM

The double floor of the $163s… lost.  Next big support $132

notable space: RKLB

They are selling ahead of the SpaceX listing.
Even more bearish than I thought!

notable commodity: silver

A clear stall from the 200dma.
Set for a fourth daily close <200dma