US equity indexes open rather mixed, with the Trans/R2K red, whilst the SPX printed a new hist’ high of 5878. USD is +0.2% at 103.58. WTIC $70.43. Gold $2702.
sp’60min
VIX’60min
Summary
S/t equity momentum has turned positive, but the micro 5/15min cycles threaten some cooling into 11am. Regardless… new hist’ high, makes it a net bullish day.
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notable stock: UBER
A fourth day lower… partly on chatter Uber might bid for Expedia.
Still though, the stock is m/t bullish, having printed a new hist’ high just last Friday.
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notable Dow component: TRV
Earnings were good… EPS $5.24 vs 3.64est. Rev’ y/y +11.9% to $11.9bn vs 11.5est.
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notable semicon: TSM
New hist’ high. Earnings: EPS $1.94 vs 1.77est. Rev’ y/y +36.0% to $23.5bn vs 23.1est. Most excellent.
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notable trans: CSX
Earnings (Wed’ AH), EPS 46cents vs 48est, and vs 41 prior yr. Rev’ y/y +1.4% to $3.62bn vs 3.68est, and vs 3.57 prior yr. Daily momo will turn neg’ tomorrow.