US equities remain in micro chop mode… if still leaning to the upward side. VIX 15s are reflective of a very sleepy mainstream, with near zero concerns this side of Labor day.
sp’60min
VIX’60min
Summary
The algobot upward melt… continues. Any Thursday with a new historic high, has to be seen as an especially positive day!
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notable stock: DIS
Disney has earnings in AH. Its almost a little bit of a wild card, not least in terms of the outlook. If I had to trade it… I’d be long… but I don’t have to trade anything.
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notable stock: ABNB
Airbnb has earnings in AH. Its not one I closely follow. The cautious will leave well alone.
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notable strength: HOOD
A third day lower for Robinhood, as the hysteria fades.
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notable energy: SLB
Things turn decisive above the 50dma. I comfortably hold.
Time for a little sun, back at the close…